Harry Dent Blog | It’s Time To Shatter The Stones | Talkmarkets
Founder, Dent Research
Contributor's Links: Economy & Markets

Harry S. Dent Jr. studied economics in college in the 1970s, receiving his MBA from Harvard Business School, where he was a Baker Scholar and was elected to the Century Club for leadership excellence. Harry grew to find the study of economics vague and inconclusive and became so disillusioned by ... more

It’s Time To Shatter The Stones

Date: Tuesday, March 28, 2017 10:03 AM EST

I’m sorry, but don’t have a healthcare problem.

I have a concierge doctor at a fixed annual fee, with free visits and discounts on blood tests and other things I need. On top of that, I have a high–deductible insurance policy that only covers unexpected costs over $6,000, like if I have a heart attack or something.

I’m accountable, which means I feel the expenses for my healthcare day to day, week to week, and month to month. I pay for my visits and expenses with a credit card linked to my HSA account. There’s no bureaucracy, there’s no paperwork, and there’s no confusion over what’s covered or not under the typical plan. 

And there’s no illusion that healthcare is free after I’ve paid my premium!

As a result, I don’t go to the doctor just for anything… just because it’s covered on my healthcare plan! Millions of others do, though. Why wouldn’t healthcare costs be spiraling out of control when people have no incentive to monitor and control their costs?

And then doctors have to cover their butts against endless lawsuits, so they over-test and over-diagnose everything… What the hell?! Why should people win the lottery when doctors make a one-out-of-a-thousand mistake?

There’s a reason our healthcare costs about twice as much as it does in other developed countries… 

Our system is full of B.S. special interests and insurance bureaucracy that adds layers and layers of costs! 

Every step of this chain of special interests is locked in by decades of lobbying efforts.

Insurance companies are NOT in the insurance business. They’re in the bureaucracy business, charging for endless paperwork in what should be a straightforward, pay-for-service-as-needed industry.

But a new trend – some light amid otherwise endless darkness – may just be winning out in this nightmare of special interests and bureaucracy…

The new “truth” is direct primary care, where people pay a monthly fee for doctors that give them more attention at a fixed and predictable cost – like $50 to $100 a month. There’s also a higher level of service – concierge medicine, where you may pay $200-plus per household a month.

Like I said, that’s what I have. It’s well worth it because I get visits whenever I need them, and, more importantly, I enjoy preferred access to specialists like cardiologists and internists when I need them.

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