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The Case For Healthcare and Financial Literacy

by EducationThought Leadership

12% and 33%. According to a 2015 study in the Journal of the American Medical Association, only 12% of adults have a proficient state of healthcare literacy. That's why goals to eliminate waste in the US healthcare system, to promote consumerism, and to shop for care, need to start with the front door, be easy and intuitive, include skin in the game from the consumer, and promote healthcare literacy. What's on the line? The healthcare literate use fewer services--albeit some of this may be due ...

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The Cost of Being Over-Insured

by HDHPsThought Leadership

$45,000.Forty-five thousand dollars is a conservative estimate of the 30-year opportunity cost of having family PPOPreferred Provider Organization coverage instead of a high deductible health plan (HDHP).According to the Kaiser Family Foundation ("Kaiser"), the average annual family premium for an HDHP is $1,900 cheaper than a preferred provider plan (and has averaged $2,000 over the last seven years). Assuming a 3% real return per year invested over 30 years, and that half the $1,900 premium di ...

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Business, Statistics, and the Carpenter’s Cup

by Industry TrendsThought Leadership

The Holy Grail scene in Indiana Jones and the Last Crusade shows the closing piece of the riddle to find the cup of Christ. Walter, businessman-turned-scoundrel, outsourced his decision on which cup to choose to Elsa, the archeologist. Caught by his lust for power, he drinks from a beautiful golden cup. “He chose poorly,” and quickly turns to dust. Naturally, Indy choses wisely. It’s obvious that the plainest of cups was the one, without the flare, the simple cup of a carpenter. Technology teac ...

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When Telemedicine Costs the Same as a Primary Care Visit.

by Telemedicine

The idea is great. Where do you go at 2:00am when your kid has a nagging cough and stubborn fever? Telemedicine offers a solution. Access a doctor from your smartphone and within 10 mins you're connected. Many people use it and end up loving it for these reasons. But how much does it cost? $130 per visit on average according to Teladoc's (ticker: TDOC) financial filings ($186.3M in telemedicine revenue divided by 1.46M visits in 2017). That's likely more than you thought, and about same as the ...