Insurance professionals could help avert trauma, pain and remorse by helping clients construct a Plan B should they carry debt.
TAMPA, Fla.--(BUSINESS WIRE)--
Dan Ross, founder and president of Med-Vision, a Tampa-based
medical consulting company, asserts that the Senate Finance Committeeâ€™s
proposal to impose a 40 percent tax on individuals in â€œgold-plated,
Cadillacâ€ health insurance plans would be best described as a tax on
groups of the chronically ill. With these â€œhigh-dollarâ€
plans priced at $8000 or more for individuals and $21,000 or more for
families annually, the proposed tax and other taxes on insurance
companies are the latest attempt to raise $774 billion over 10 years to
fund healthcare reform.
â€œSome in Washington believe â€˜Cadillacâ€™ plans have lower
deductibles and co-payments, but high-dollar plans relate more to misery
and sickness from chronic disease,â€ said Ross, who warns that the
perception of taxing â€œthe guy covered by the rich health planâ€ will
backlash into a â€œcircular firing squad.â€
By targeting individuals in groups covering the highest number of
sick, the tax will disproportionately affect those in plans offering
retiree coverage, populations with older average ages, and residents of
states with higher healthcare costs. Plans with lower
deductibles and co-payments are producing lower aggregate cost, as
evidenced by a national move to medical homes and employer-sponsored
on-site health clinics with lower deductibles and co-payments.
Ross, who has 20 years experience in employee benefits, conducted
an analysis of 200,000 plan members covered under multiple employer
self-funded health plans. The two-year analysis looked at
claims totaling $800 million. Among the findings:
Med-Vision also points to the Centers for Disease Control and
Prevention, which estimate that chronic disease accounts for 75 percent
or $1.5 trillion ofÂ the national $2 trillion annual healthcare spending.
Similarly, the Robert Wood Johnson Foundation published that
caring for those with chronic disease accounts for 78 percent of health
Founded in 2005, Med-Vision
delivers healthcare planning, risk management, and wellness consulting
to help employer groups achieve optimal employee health and productivity.
Med-Vision has helped corporations, healthcare facilities,
municipalities, and school districts reduce risks, reverse trends, and
decrease healthcare costs while increasing quality of care.
Ross, President, 813-962-7436Dan.Ross@med-vision.com