Why You Need Health Care, Not Health Insurance

Why You Need Health Care, Not Health Insurance

The High Cost of Health Insurance in the United States

The United States spends more on healthcare than any other country in the world, with national health expenditures reaching $4.3 trillion in 2021. However, despite this high level of spending, not all Americans have access to quality healthcare. One of the main barriers to healthcare access is the high cost of health insurance premiums, which can be unaffordable for many individuals and families. In 2021, the average annual premium for employer-sponsored health insurance for a family in the United States was $21,342.

The Financial Implications of Being Uninsured

In 2021, 27.5 million nonelderly individuals were uninsured. Of these uninsured adults, 64% said that they were uninsured because the cost of coverage was too high. The financial implications of being uninsured can be severe, as uninsured individuals often face unaffordable medical bills when they do seek care. In 2021, uninsured nonelderly adults were over twice as likely as those with private coverage to have had problems paying medical bills in the past 12 months. These bills can quickly translate into medical debt, as most people who are uninsured have low or moderate incomes and have little, if any, savings.

Struggling to Meet Annual Deductibles: A Common Challenge

For those who do have health insurance, many struggle to meet their annual deductibles, which are the amounts that individuals must pay out-of-pocket before their insurance plans begin to cover the cost of their medical care. According to a ValuePenguin analysis, 52.9% of American private-sector workers were enrolled in high-deductible health plans in 2020, and 85% of covered workers have an annual deductible for single coverage that must be met before most services are paid for by the plan.

A New Approach to Healthcare:  Shift from Health Insurance to Accessible, Affordable Healthcare

Given the high costs and barriers to healthcare access, it is clear that what Americans need now is not just health insurance, but accessible, low-cost, transparent healthcare. To achieve this goal, we need to shift our focus from the current system of health insurance to a system that provides virtual, comprehensive, and longitudinal access to essential care services. This could involve a foundation of virtual care, supplemented by in-person care as needed, with a focus on preventive care and the management of chronic conditions. By providing affordable, accessible healthcare to everyone, we can improve health outcomes and reduce the overall cost of healthcare in the United States.

CaringWire: A Healthcare Platform Designed to Meet the Needs of Everyone

CaringWire is a healthcare platform that aims to provide accessible, affordable, and convenient healthcare to everyone in the United States. Consumers want health plans and providers to end the fragmentation, simplify the patient experience, and deliver a cohesive patient journey. In fact, the 2022 Change Healthcare Consumer Experience Index identified these three consumer trends: 

  • Patients are now more open to digital communication with healthcare providers
  • Patients would prefer if all their healthcare information and purchases were in one app
  • Patients want to feel in charge of their healthcare decisions

Unlike traditional health insurance models, CaringWire focuses on providing comprehensive and longitudinal access to essential care services, rather than simply covering the costs of medical care.

Key Feature of CaringWire: Access Comprehensive Virtual Care 

One of the key features of CaringWire is its digital entry point, which allows individuals to access care from a variety of vendors, including virtual consultations, telemedicine services, and in-person care at partner clinics and hospitals. This approach ensures that individuals have access to the care they need, when and where they need it from doctors that know them.

In addition to providing access to care, CaringWire also focuses on planned care and population health, helping individuals to proactively manage their health and prevent chronic conditions from developing. The platform offers care management services, including engagement and follow-up, to ensure that individuals receive the support they need to maintain their health and wellbeing.

CaringWire emphasizes patient and family caregiver education, navigation, and engagement, helping individuals to understand their health and make informed decisions about their care. By providing comprehensive and coordinated care, CaringWire aims to ensure that everyone has access to the high-quality healthcare services they need to maintain their health and wellbeing.

CaringWire: A Leader in the Healthcare Industry

CaringWire is a unique and innovative solution to the healthcare challenges facing the United States. By providing affordable, accessible, and convenient healthcare to everyone, CaringWire is positioning itself as a leader in the healthcare industry, offering a sustainable and effective solution to ensure that everyone has access to the care they need.