What if We Made Healthcare Simple and Free?
The typical solution to rising healthcare costs is unfortunately to shift those costs. In fact from 1999 to 2015, employee contributions have increased some 236%. To add insult to injury wages have stagnated during that period and the result has been The Key Barrier to Shared Prosperity and a Rising Middle Class. And just for good measure all of this decimated retirement savings to the tune of $1,000,000 per household in what has been called a "hidden healthcare tax". If you want to know what this has done to local and state budgets you can see more here, it doesn't look good for your kids or their teachers to say the least.
The good news is things don't have to be this way. Forbes wrote a great piece about 1 employer that decided to make things simple and FREE. And yes you read that right. Instead of shifting costs this employer got rid of deductibles, copays and coinsurance for hundreds of medical procedures. The employer saved hundreds of thousands of dollars in just the first 6 months of the program and the employees got what they need without any financial penalty.