Deep Dive Are generous health insurance policies inflating medical costs?
Jul 25, 2024
Guests Liaw Yit Ming and Christopher Tan discuss the impact of generous health insurance policies on rising medical costs. They explore the complexities of health insurance options, decision-making in medical care, navigating healthcare costs, contrasting hospital experiences, and the importance of trust in doctors' recommendations.
AI Snips
Chapters
Transcript
Episode notes
Unnecessary MRI
- Christopher Tan's son needed an MRI after injuring his MCL.
- The hospital offered to do it immediately, despite the doctor advising to wait, because of their insurance coverage.
Cost Shifting
- Insurance companies bear the initial cost of unnecessary medical expenses.
- However, this cost ultimately gets passed back to consumers through increased premiums.
B1 Ward
- Consider a B1 ward as a good compromise between cost and choice.
- It offers the option of choosing your doctor without the high costs of private hospitals.