A few weeks ago, I was invited to speak at a large meeting of employers who offer health insurance (and lots of other benefits) to their employees. All of them said they are struggling with continuing to pay for those benefits. As we entered the Q&A portion of the program, a very nice lady about halfway back stood up and fired a broadside at me:
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“Did you know that health insurance companies that participate in federal or state programs also have stricter gross margin/profit caps on that business? For example, the Medicaid health plans in Louisiana have to pay state and local taxes, and they pay for all administration on 15 percent of the payments they get from the state for managing care of Medicaid patients.”
I’ve always said that I can handle bad news as long as I know it’s coming. I think most people would agree with me on that one. Just don’t ambush me with bad news, and I’ll be ok.
Don’t you ever get tired of hearing it? I sure do, the same old song:
Most of us have already been there. Someone very dear to you, a child, parent, brother, sister or spouse gets sick, and then really sick, and you get scared. And of course, it’s 11:30 at night on a Saturday! What to do?
