premiums

If you’re a real estate owner or investor, you may have noticed a significant increase in insurance costs compared to previous years.

In fact, renewal increases have jumped 20% year-over-year, according to Q3 2020 data from Marsh’s Global Insurance Market Index, a measure of global commercial insurance premium pricing.

Listen the podcast to hear how you can prepare for rising insurance premiums. 

#014 - Providers of health care - hospital, doctors, pharma - operate to make a profit, whether they say so or not.  Are you paying too much?  Yes.

While insurance companies are often the recipient of consumer ire for the rising cost of health insurance, the cost inputs to those insurance premiums - most notably paid claims (aka the cost of doctors, hospitals, pharma and other providers) have the most significant effect on the price of your health insurance premiums.  These input costs need to be equally, if not more, scrutinized!

This episode illustrates how hospitals and other providers are equally driven by profits.  And there is nothing wrong with profits.  Value is created when the product or service meets the lowest price possible when the buyer and seller have a meeting of the minds.

Your call to action is to purchase health insurance as you would any other consumable product.  Identify the cost ahead of your purchase.  Don't just take whatever they give you.  And if you just say to yourself, "oh, insurance will pay for it....no big deal....."  STOP!  You are paying for it....you just don't realize it and the system likes it that way.

Become an informed and rational consumer of health care.  It starts now!

Easily research data, from industry publications such as Becker's Hospital Review:

Ascension records $1B annual loss

Happy Saint Patrick's Day!  Be sure to check out surfing in Bundoran!

Bundoran Surf Company Ireland

We'll continue on with helping you to be a better consumer of healthcare.  Next we'll look further at the new rules handed down by CMS for transparent pricing.

Tell your family friends about Doxcost!  We're growing!  Catch us on Spotify or wherever you get your shows.

See ya next time!

Trucking Inurance Premiums... Get A Better Rate

• FMCSA HOS Rules Info Session
• Let The Shipments Begin...
• Most Truckers Won't Get Vacinated
• BOLO (Be On Look Out)... 50 Cows Missing

This and a lot more on the episode of The Kitchen Table for Monday, December 14, 2020

The Kitchen Table, weekday mornings at 9A.M. Central Time on FBTV Radio

FBTV Studio Line - (479) 668-0213
Visit our website: https://freightbrokertv.com
FBTV Insider: https://fbtvinsider.com
Our Sponsor: https://taltoa.com
Twitter: @FreightTV

Resources: https://affordablebookkeepingandpayroll.com/resource-opt-in

Become a supported of the show: https://www.buzzsprout.com/1522381/support

Tax reform legislation signed into law by President Trump in December, which will lower taxes for most Americans this year, unfortunately did nothing to stop billions of dollars in new taxes under Obamacare from hitting millions of Americans in the wallet.

One example is the Obamacare health insurance tax, which is being paid for directly by consumers, in the form of higher premiums. So millions of us will take a direct hit, even though most people who will be paying for the tax increase don’t even realize it.

Over the next 10 years, individual market beneficiaries will pay over $2,000 more in premiums; families getting their coverage through small employers will pay over $6,000 more; and Medicare Advantage members will pay over $3,000 more.

Although Republicans did not create ObamaCare, they are in a golden position to end this tax and help bring down premiums. A failure to do so may hurt congressional Republicans when they come before the voters in this November’s midterm elections.

And that’s a risk they shouldn’t take.

See omnystudio.com/listener for privacy information.

Tax reform legislation signed into law by President Trump in December, which will lower taxes for most Americans this year, unfortunately did nothing to stop billions of dollars in new taxes under Obamacare from hitting millions of Americans in the wallet.

One example is the Obamacare health insurance tax, which is being paid for directly by consumers, in the form of higher premiums. So millions of us will take a direct hit, even though most people who will be paying for the tax increase don’t even realize it.

Over the next 10 years, individual market beneficiaries will pay over $2,000 more in premiums; families getting their coverage through small employers will pay over $6,000 more; and Medicare Advantage members will pay over $3,000 more.

Although Republicans did not create ObamaCare, they are in a golden position to end this tax and help bring down premiums. A failure to do so may hurt congressional Republicans when they come before the voters in this November’s midterm elections.

And that’s a risk they shouldn’t take.

See omnystudio.com/listener for privacy information.