Discover and read the best of Twitter Threads about #MedicalInsurance

Most recents (8)

Entrepreneurs, are you tired of paying hefty taxes?

Don't worry! We got you covered!

Check out these top tax-saving tips that can benefit your business and your bottom line. (1/n)

#entrepreneurs #taxes #taxsavings #taxtips
#1 Hire Family Members & Relatives:

You can reduce your tax liability by paying salaries to family members, which are tax-deductible. Their income may also be below the taxable threshold. (2/n)

#tax #taxexemption #taxliability
#2 Deduct Business Expenses for Travel & Accommodation:

Business travel expenses such as tickets and accommodation can be deducted from your taxable income, thus reducing your tax liability.
(3/n)

#taxliability #businessexpenses #deductions
Read 14 tweets
Inclusive Medical/Health Insurance Policies are integral to ensure Universal Health Coverage. However, grim reality is that our insurance policies aren't inclusive of persons with disabilities among other marginalized groups despite the circular by IRDAI dated 2nd June 2020. 1/n. Circular by Insurance Regul...
2/ Delhi High Court in Saurabh Shukla v. Max Bupa Insurance & Anr., dated 13th December 2022, ordered the Insurance Regulatory and Development Authority of India to ensure insurance policies are designed for persons with disability.
3/ The court remarked that "it is the settled position in law that the right to life includes the right to health and healthcare is an integral part of the same." [livelaw.in/news-updates/c…]
Read 11 tweets
This paper makes so much sense. Especially in the context of US with ECMO & other aggressive treatments raising costs in high CDH volume hospitals.

Medical and other costs.

#CDH #CongenitalDiaphragmaticHernia

pubmed.ncbi.nlm.nih.gov/35030432/
1 of the biggest costs is the loss of workdays. From the office which usually pays for the #MedicalInsurance So often the course of treatment changes mid course due to insurance conditionalities.
The other major cost for the family is being away from home, from other kids who might be at home and arranging some form of childcare for them. This impacts the working of the other partner/ spouse as well.
Read 12 tweets
The Medicare DIS-Advantage Plans...
Many seniors are being lured into Medicare Advantage Plans due to the added benefits of hearing, dental, and gym membership coverage. Image
These plans are actually run by private insurers and actually quite profitable for insurance companies with profit margins of 5% or greater (industry average is 4%) khn.org/.../medicare-a…
Further these plans have the added problems of:
1) Narrow Networks - in fact, many of the most prestigious cancer centers in the country are excluded from these plans. Oddly enough 60% of Cancer diagnoses are in Medicare aged individuals... cancer.gov/about.../cause…
Read 6 tweets
People and Corporations show you who they are... We choose to believe them!

Ohhhh the irony, two of the bad actors (insurance companies and private equity) that are inflating medical costs and harming patients and healers are suing each other and exposing to us all just a
glimpse of the deception/exploitation/greed that these corps have been using to put profits >>> patients.

United is suing Team Health (owned by the private equity Blackstone group) for over coding and thus overcharging patients by $100 million.
Fremont Emergency Medicine (an affiliate of Team Health) is suing United for their gross underpayment of frontline clinicians.

It's likely that to some extent both are true...

Private Equity is harmful to patient care because they often boost their own profits by
Read 8 tweets
No, no thanks, no gracias, not in a million years, never ever…

No Optum I do not want to be apart of your racketeering swamp of vertical integration.

Let’s talk about some Optum facts:
Optum is now the single largest owner of Physicians.
Optum is a subsidiary of United Health Group.

In Q2 of 2021 UHG made $4.3 billion in profits and $71.3 billion in revenue.

UHG stock share prices have grown 2200% (from $20.02 to $460.47) since Nov 2008.
Two of the main ways UHG makes such massive profits is to deny payments to physicians for services rendered (I hear from physicians everyday that this happens to) and because their PBM OptumRx uses spread pricing to inflate the cost of medications their members purchase
Read 5 tweets
"The Healthcare System breed passivity and dependence..." ~ Steve Forbes
The main ways that the hospitals and insurance companies do this is to:
1) Hide their prices
2) Make it complex to understand
3) Build rapport to enlist trust in patients that they will be taken care of
However what we see everyday is that these folks use deception, complexity, narrow networks and many more tactics to make it difficult and complex for patients to get any benefit from their health insurance.
Where health insurance is difficult and complex, Medical Cost Sharing
is simple and easy.
You make a monthly contribution, you have an initial unsharable amount, and you can choose any doctor you want! #simple #easy
Check out our website selfdirectedmedical.com for more information about how you too may be able to find your Checkmate
Read 5 tweets
#insurance #healthinsurance One of the questions that came up in response to my note on Insurance was, "but the big issue with health insurance is the long list of ailment exclusions that most of them have". Let me try and answer this question.
Health Insurance policies in India are diseases and / or treatment agnostic, except in specific cases. The primary intention of this Insurance is to cover expenses incurred during hospitalization for a treatment regardless of the underlying disease / medical condition.
There are 3 #WaitingPeriods in Health Insurance. a. First 30 days after taking a fresh policy (not applicable for renewals done within time); b. 1 to 2 years waiting period applicable for specific medical conditions - regardless of whether it was pre-existing or not. and...
Read 12 tweets

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