One of the most debated topics in Maryland these days is the price of healthcare. The costs seem to keep rising, and no matter what lawmakers do, it does not seem to help. Despite claims that there is nothing insurance companies can do to lower costs, there are things that they can do that may help bring down the costs.
According to Forbes, it is mainly communication that will help to lower costs and make healthcare more affordable for everyone. It starts with you being able to understand your bill and your coverage better. Insurance companies need to be clear about pricing and make it easy to see how much you will spend on premiums, deductibles and services. Billing also needs to be clearer. You should be able to look at a healthcare bill and understand it clearly without having to call someone and get it explained to you.
Insurers should also offer more payment flexibility. This includes offering discounts and incentives like any other industry. You should have different payment options so you can find what works for your financial situation. They should also offer financing options to allow everyone to afford to pay for services.
If we start to look at health insurance as a purchase in the same way we look at other purchases, it can really help reshape the industry. More transparency and better communication could help to stop the issues occurring in the industry. This information is for educational use only. It is not legal advice.