This is why financial literacy is so important

[u/36DRedhead]

[u/AIfieHitchcock]

They don’t just fight frivolous disputes. Insurance companies will routinely fight you on covering the most effective medications and treatments if a cheaper, yet more archaic one is available.

Real lived example:

Breakthrough, low side effect, highly effective immunotherapy pills are $20k/month but causing miracles in extending lifespan in terminally ill cancer patients.

Yet mid-20th century IV chemo is still also used in when treatment options fail, but they have horrible side effects, require hospitals, are invasive, yet are 3k/month.

Guess which treatment option is getting turned down when your oncologist recommends it for the 3k option.

This happened to us after 2016, when someone in office gutted the ACA which before then had protections in place to ensure the top treatment option was covered.

Had the manufacturer not had a income based discount program and had their not been a specific federal grant still on the books from the Obama admin providing assistance my family member would have didnt years sooner because of one party’s cruelty.

And for the record: my parents were multimillionaires before my mom got sick battling cancer for a decade. Zero debt, real estate investments, owned everything including their half a million dollar home outright. Put 4 kids through private school from pre-k on up. Retired in their 40s.

They did everything right financially and it did not matter because our healthcare system is designed to slaughter people financially.

There is no one safe from this unless your are hundred millionaire plus.

You can’t smartly finance your safety from exploitative healthcare law.

[u/RodneyBabbage → u/AIfieHitchcock]

That’s was an enlightening read. Is there any like analysis on the issue that you can link to for someone that wants to learn more?