Medicare Advantage (MA) plans have been promoted as a private-sector solution to traditional Medicare’s challenges. While many beneficiaries enjoy the additional benefits and lower out-of-pocket costs that some of these plans offer, it is essential to understand the potential drawbacks of Medicare Advantage from the perspective of patients and taxpayers.
Employer-sponsored health insurance is a significant benefit for many workers. It can provide peace of mind knowing they can access affordable healthcare, even if they get sick or injured. But are people happy with their company-paid insurance?
Sixty percent of employees in a recent survey reported experiencing healthcare cost increases that outpaced inflation in the past three years, and 63 percent expect that trend to continue, signaling potential cost challenges in the future. Right now, annual raises are being neutralized by increasing healthcare insurance premiums. If pharma wants to retain people, they may have to develop a solution to lower healthcare insurance premiums.
SUMMARY: The “goodwill” that many believe was gained from the development of a Covid-19 may be more of a wish than a reality. Pharma companies are still too focused on profits while people continue to rely on prescription drugs to compensate for unhealthy lifestyles.