Insurance

True Deductibles

Deductible nounNORTH AMERICAN 1. (in an insurance policy) a specified amount of money that the insured must pay before an insurance company will pay a claimlexico definition. 2. True deductibles include all first-dollars paid by the insuree until insurance kicks in, including premiums. 3. There is no consistent generosity by firms in employee premiums paid via payroll and deductibles. The R-squared value of annual employee payroll contributions and single deductible based on an analysis of 485 l ...

Transparency

What Healthcare Consumers Want

In many areas, the American consumer is flush with choice and transparency in where and how to spend dollars. Rent or buy. California or Texas. Water, Coke, or Pepsi. Ford or Tesla. Gold health plans, bronze health plans, or alternative health insurance, particularly if spending your own money on a full sticker plan. Healthcare has varying demands and problems, and consumers demand more choices.   Transparency There are greater moves towards transparency, not just in prices at point ...

maksym-kaharlytskyi-Q9y3LRuuxmg-unsplash

April’s Healthcare Index

Inspired by the monthly Harper's Index, and after a hiatus in this post category, here is April's index on random and useful stats and figures in healthcare and finance. 10-year annualized return for the S&P 500 Healthcare Sector Index: 13.7%; S&P 500: 11.94%. Expected Long-Term Rate of Return on US pension plan assets for Ford, GM: 6%, 5.6%. Current short-term expectations for medical cost inflation in the US for UPS's post-retirement medical benefits: 6.5%. Generic drug ...

sophie-backes-UMfGoM67w48-unsplash

What Buffett Avoids

Warren Buffett has invested in an old textile mill, utilities, insurance, reinsurance, shoes, chocolate, newspapers, banks, bricks, carpet, food, and more. “The ideal business is one that earns very high returns on capital and that keeps using lots of capital at those high returns. That becomes a compounding machine.” Warren Buffett CEO Buffett loves the insurance business. There are no factories to build, no steep environmental regula ...

michaela-murphy-zHSmaA4QkT4-unsplash

The Sucker’s Guide to Healthcare Purchasing

“Invert, always invert” Carl Jacobi Jacobi was a famous German mathematician who taught about the power of inversion, a mindset which will often lead to better results than solving problems directly.What should I do to get ripped off? How can I be unhealthy or unhappy? What habits will help me trail my peers?“He new that it is in the nature of things that many hard problems are best solved when they are addressed backward,” said Charlie Munge ...