I really enjoyed the article The Health Insurance Mafia in the WSJ because it emphasizes how much the middle man is skimming off the top. Dr. Jonathan Kellerman makes a nice comparison of these third parties to the mafia as they rake in profits but provide little benefit at all. What he is talking about is the health insurance industry. He calls them parasites and I agree with them. “Once they affix themselves to the host – in this case dual hosts, both doctor and patient – they systematically suck the lifeblood out of the supply chain with obstructive strategies”. I love it.
Dr. Kellerman makes reminisces about the medical visit where the patient directly paid the doctor and therefore the cost was kept reasonable. “A hefty proportion of health-care services – office visits, minor surgeries – would be affordable to most Americans if the slice of the health-care dollar that currently ends up in the coffers of insurance companies was eliminated.” He forgot to mention the army of administrators that was spawned to deal with the insurance companies. They should be removed as well. As Michael Gorback once told me, if all the doctors would just tell the insurance companies that they are opting out and to “go fish”, they would cease to exist. Both Dr. Kellerman and I agree. Now that would be a more pleasant and affordable world.