Longitudinal Health Care is in this for the long haul. We want to help consumers spend their health care dollars in a way that promotes wellness, yet also gives them the most fair prices and access to the services they want.
Our Health Savings Account is the first step in our long-term plan to radically transform the health care payment system. Ultimately, we’d like the eliminate traditional health insurance. Our Longitudinal Health Assessment reduces significant risk in the current health insurance market because we provide insights into likely future medical events. In other words – why insure yourself against diseases and conditions that you know you’re not going to get?
Instead, we’d like our customers to redirect some of the funds that go towards insurers into their own accounts so they can pay for their own care. Health insurance should be insurance. It should be for the unexpected, unpredictable situations for which we all need financial protection.
With that in mind, here are some of the ideas we’re advocating for:
Direct to consumer pricing.
HSA enrollees have high deductible health plans (HDHP). That means that our customers pay providers directly for a significant portion of care before their deductibles kick in. We know these rates can be too high and unfair because it’s still too hard to compare prices. Yet the direct-to-provider payment model significantly simplifies the system by removing the insurer from the mix. We promote efforts in price transparency and patient education because ultimately, this will allow our customers to shop around so they get the value they seek for the money they’re spending.
Transfer of the employer-sponsored health benefit.
Employers provide health insurance for half of all Americans. Instead of the employer incurring the cost of negotiating a plan for their employees, we are advocating that employers provide cash directly to the employees to be used for health care services. We are positioned to help our customers keep as much of the money that they’ll need for expected medical expenses – especially outpatient care and generic drugs – in their own investment funds. We will work with them to purchase the catastrophic health insurance coverage that will give them peace of mind and financial security.
Civic responsibility for good health.
Americans have a responsibility not only to themselves, but also to their fellow Americans to be as healthy as they can be. We want to empower our customers to be self-sufficient so they can better manage their health care experience. The healthier the general populace, the better we, the American community, can direct funding to those who really need it.
Opt-out option for Medicare.
Medicare is a popular program for seniors that is contributing to our nation’s staggering debt and deficit. The program is too big to manage centrally, and the options for care, from new surgeries to precision drugs, are too expensive to be provided to all enrollees. We want our customers to have the opportunity to opt-out of Medicare so they can make the decisions about how they want to live – and how they want to die.
Please see the Media page on the website of our Founder, Janis Powers, for coverage of our advocacy efforts for these and other important issues.
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