Verizon used to be known for good health insurance but now Dan has gone and ruined it seems. Prices going up and benefits being reduced. Crazy
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@dr it's hard to fully express how d-mb and poorly informed this is
@ba better than being laid off.
If you are complaining about VZ health insurance, you don't know much. The premiums are still much cheaper than other companies.
CWA was a major backer of Obamacare. The chickens have come home to roost.
Don't overlook the litigation explosion of the last nearly 60 years. For every medical malpractice suit filed in the U.S. in 1969, 300 were filed in 1990. While reforms at the state level (notably in Texas) have reduced the number, lawsuits have sharply driven up the cost of malpractice insurance—a cost passed directly on to patients and their insurance companies. Neurosurgeons, even with excellent records, can pay as much as $300,000 a year for coverage. Doctors in less lawsuit-prone specialties are also paying much higher premiums and are forced to order unnecessary tests and perform unnecessary procedures to avoid being second-guessed in court.
The most important thing to do, by far, is to require medical service providers to make public their inclusive prices for all procedures. Most hospitals keep their prices hidden in order to charge more when they can, such as with the uninsured. But some facilities do post their prices, such as The Surgery Center of Oklahoma (https://surgerycenterok.com/surgery-prices/).
Once prices are known and can be compared, competition—the free enterprise system’s secret we-pon—will immediately drive prices towards the low end, draining hundreds of billions of dollars in excess charges out of the system. Posting prices will also force hospitals to become more efficient and innovative, in order to stay competitive.
Any politician who pontificates about reforming health care without talking about making prices public is carrying water for one or more of the powerful lobbyists that have stymied real reform, such as the American Hospital Association, the American Medical Association, and the health workers unions.
Second, we should reform how malpractice is handled. We should get rid of the so-called American rule, where both sides pay their own legal expenses regardless of outcome, and adopt the English rule—employed in the rest of the common-law world—where the loser pays the expenses of both sides.
Third, we need to ensure that the consumers of medical care—you and me—care about the cost of medical care. Getting patients to shop for lower-cost services is vital.
A generous health insurance policy more or less covers everything from a sniffle to a heart transplant. It shouldn’t. An insurance policy that covers routine care isn’t even an insurance policy, properly speaking—it is a very expensive pre-payment plan that jacks up premiums. Just as oil changes are not covered by automobile insurance, annual flu shots and scraped knees should not be covered by medical insurance. One way to achieve this would be for employers to provide major medical insurance plus a health savings account to take care of routine health care. If the money in the account is not spent on health care, it would be rolled over into the employee’s 401(k) account at the end of the year, giving him an incentive to shop wisely for routine medical care.
And with all of these savings we can do another stock buyback.
What you think VZ is just gonna eat the cost increases? Blame the insurance companies maybe?
The unions sc--wed ours up. Was free then they bowed down to BOCS lies to help them out until we get used to divestiture. Like the Billy Joel song Allentown says, “and the union people crawled away”.
@b2 rest assured you’ll get a hefty 2% “cost of living” raise though!!
Yeah Healthcare 2027 is changing again for the worse. Increases again. You can only take away until there is nothing left to take. Danny boy will get his though.
The new health insurance su-ks. Pay more for less coverage and higher deductibles.
@a6 In the email there was a training to take that discusses the changes. There are resource links at the end of the training.
But Dan getting his $40m…..disgusting the way they just keep taking and taking from us. Which is why I stopped giving them my all long ago. They get what they pay for…..
Yeah, saw the email. Are there any details yet about the change? When they have a bunch of "information sections" before open enrollment.... that ain't a good thing.