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03-01-2011by Colleen King
Okay, so it’s one reason that insurance premiums are so high, but it’s a big one.
On AOL today there was an article about several drugs that will be coming off patent–big name drugs like Lipitor. Drug companies, in order to recoup their ‘research and development’ costs have exclusive rights to a drug they develop for several years. Read here for more. And check out the BILLIONS in sales each of these generates!
Is your drug on this list? Well, if you take Lipitor, Protonix, Zyprexa, Concerta or several others, over the next 2-3 years you’ll see a drop in costs. If you don’t have health insurance, one thing that I’ve told my clients to do is check at Costco. You don’t have to be a member for prescription purchases necessarily. They have a ‘price checker’ on their site that I refer to often. Prices can vary by location, and the pricing here is based on buying from Costco.com. Check your local Costco to see what the cost actually is. The one in Northridge near me is usually pretty close.
Point is, to bring down the cost of health care in general and insurance too, you have to be a saavy consumer. Many studies show that people spend more time researching an auto or TV purchase that things related to their health care. Enough of ‘buyer beware,’ time make smart choices. You can start with your drug purchases....read more
01-24-2011by Colleen King
01-14-2011by Colleen King
01-01-2011by Colleen King
12-09-2010by Colleen King
Once again, Robert Laszewski, the ‘go to’ guy for all things health care reform or industry in general, wrote a very insightful blog post this week on the how the fact that there isn’t bi-partisan support for the health care reform bill could ultimately lead to it’s evisceration. Click here for a brief, terrific article.
The Dems can’t even agree at this point, let alone both sides of the aisle. States are looking to drop out of the requirements because participating in exchanges, etc., could ‘destabilize’ the market by causing carriers to leave their states. California was one of the first to try creating an exchange, but the support is questionable.
How is health care reform affecting you? Rates in a lot of areas of So Cal, let alone the country, are going up to accomodate the requirements like taking on kids up to age 19 without regard to pre-existing conditions. The back lash? Several carriers are no longer writing ‘child only’ policies because they are assuming only the sickest will rush to buy coverage. So this takes away an option I’ve used with clients when adding kids to their group plan was really expensive. I’m still waiting after two months for Anthem to release their better individual plans–they’ve been held up because of regulatory review in Sacramento. Any time carriers make material changes to plans they have to go through review, so not sure what’s holding the party up. I have a list of a dozen clients that I need to rerun proposals on once the Anthem plans are available in our area. Free quotes are the lifeblood of my business but sending them plans that I don’t think really fit the bill or aren’t much less expensive makes no sense.
So in short, have patience with your agent–we’re all going nuts!...read more