Of course, that's an average covering every man, woman,
child, pensioner etc. People in paid employment are
paying at least double that (in tax).
That $10,000/yr is just the monthly insurance premium. The patient still has to pay for things out of pocket. Because his premium is so high, I'm guessing GP has a very high deductible, eg $5,000, which is paid out of pocket. Then there's the copays, scripts, and misc fees.
I currently have awesome coverage (by USA standards) and still have to pay ~20% of visit out of pocket.
Actually, that last part I'm guessing. Because of the back and forth game played between insurers and providers, I get confused, and haven't expended the effort to figure out the actual monies exchanged.
One thing I didn't understand about your reply (sorry, I'm not an American!) is this: You say Because his premium is so high, I'm guessing GP has a very high deductible, eg $5,000 Surely if his premium is high, he would pay less for each visit to the doctor?
I'm sorry, you're right. My bad. Thank you for noting this.
Low premium usually means high deductible. GP's premium is probably high because his he's buying as individual or small company. Meaning he has little negotiating power.
Comments
I currently have awesome coverage (by USA standards) and still have to pay ~20% of visit out of pocket.
Actually, that last part I'm guessing. Because of the back and forth game played between insurers and providers, I get confused, and haven't expended the effort to figure out the actual monies exchanged.
One thing I didn't understand about your reply (sorry, I'm not an American!) is this: You say Because his premium is so high, I'm guessing GP has a very high deductible, eg $5,000 Surely if his premium is high, he would pay less for each visit to the doctor?
I'm sorry, you're right. My bad. Thank you for noting this.
Low premium usually means high deductible. GP's premium is probably high because his he's buying as individual or small company. Meaning he has little negotiating power.