Chat with us
Good Neighbor Insurance
  • plans
    • Travel InsuranceFor trips from 2 days to 2 yrs
      • Recommended / All Plans
      • COVID-19 Coverage
      • Pre-existing Conditions
      • Trip Cancellation
      • Annual Plans/Frequent Fliers
      • Traveling While Pregnant
      • Over 65
      • Emergency Evacuation Only
      • Adventure Sports
      • Inside the USA
      • More Options
    • Int’l Health InsuranceFor relocating/moving abroad
      • Recommended / All Plans
      • COVID-19 Coverage
      • Nomads
      • Maternity Coverage
      • For Canadians
      • International Term Life
      • For Furlough/Sabbatical
      • Supplemental Plans
      • International Students
      • Local Nationals
      • More Options
    • Group Travel PlansFor teams traveling together
      • Recommended / All Plans
      • COVID-19 Coverage
      • Trip Cancellation
      • Over 65
      • Pre-existing conditions
      • Personal Liability
      • To the USA
    • Int’l Group Health Plans(For organizations/employers)
      • Group Health Plans
      • Supplemental Plans
      • Census Forms/RFP forms
      • For Small Groups
      • The Process
      • Free Guides
  • resources

    Resources

    • Blog
    • Videos
    • Ask Doug
    • Free Guides
      • Trip Guides
      • Top Three Travel Risks
      • Free Guide To Travel Safety
      • Travel Medical Guide 101
    • Glossary
    • Ask Jeff
    • Helpful links:
      • Get Involved
      • Mission Resources
      • Responding to Crisis
      • Social Good Resources
      • Gap Year Resources
      • Volunteer Opportunities Overseas
  • company

    About us

    • Who We Are
    • Our Values
    • Testimonials
    • Meet The Team
    • Our Friends
    • Contact Us
    • Get a Quote
(480) 813-9100 Quote Chat

Blog

Good Neighbor Travel Insurance Blog

Who’s to blame for rising healthcare costs?

March 7, 2014 By : Allison

Are insurance companies to blame for health insurance being so expensive?

The costs associated with treating disease and healing the sick continue to rise. And new PPACA healthcare laws mean everyone is being charged more – For maternity care and other benefits they may not ever need (think seniors, men, children,…) or ever require. A new AP Poll says that 77% of people blame so-called Obamacare for their rising healthcare costs. But some are reporting that healthcare costs are skyrocketing due to the health insurance companies themselves. Middlemen, Administrators, File clerks, Transcriptionists, responding to more and more records and claims, than your aches and pains, all while doctors in many cases are being offered less per patient this year. As are hospitals.

“Because insurers are paid a fixed percentage of the claims they administer, they have no incentive to hold down costs.” So says Jeffrey Pfeffer for Bloomberg Businessweek (http://www.businessweek.com/articles/2013-04-10/the-reason-health-care-is-so-expensive-insurance-companies)

And while insurance carriers say that industry “profits” are not the reason costs keep going up, profits are not the same as a growing industry employing more and more workers that require to be paid, as well as require their own health benefits. Of course, private insurance companies also help detect fraud, encourage development of generic drugs, negotiate lower competitive pricing, instill wellness programs, and invest in medical information technology.

Aetna has felt the need to respond, by reporting their profits and inflation compared to other costs associated with healthcare as well as the industry as a whole. See their response here: http://www.aetna.com/health-reform-connection/aetnas-vision/facts-about-costs.html

Internationally healthcare costs are also rising, especially in Singapore, Macau, Hong Kong, China, Taiwan, and Japan. And in poor, developing countries it’s rising even faster than in the West. (see http://economix.blogs.nytimes.com/2013/06/27/a-world-of-rising-health-care-costs/)

Whether you bypass the health insurance carriers by self-funding your own health plan for domestic and international workers; or choose group insurance with an international carrier and a broker that understands how to customize your benefits (as well as use other cost-saving techniques) to protect your staff, a good neighbor always helps. It’s our goal to do everything we can to help good people put good ideas to work overseas and see good results – To keep them safe. To use funds wisely. To see the job through to completion. We’re good so you can be better.

Allison

Search Results

Waivers and Riders – What are those?

September 23, 2009

I’ve been thinking about “waivers” and “riders” and how that might affect a young woman with a busted knee when she tries to buy health insurance. What are her options?

Read Article

Travel Insurance with Personal Liability coverage

May 16, 2018

Why you should consider Travel Insurance with Personal Liability coverage: “Do you have travel insurance with personal liability benefits? My organization is requiring it.” “Which individual travel insurance with personal liability policy is best?” “Which one should I select?” “Do you have personal liability for travel to America?” The short answer is, “Yes, we have […]

Read Article
travel insurance with personal liability protects others as well as yourself

Getting health insurance for specific needs not covered by standard plans

February 8, 2010

Standard insurance plans may not suit your unique needs, but with creative problem solving you will never need to be in a situation where you are not covered.

Read Article

Understanding Pre-existing Medical Conditions

April 23, 2010

Don’t we all have some pre-existing condition?  To quote from an unknown author, “No one is perfect…that’s why pencils have erasers.“ So what is a pre-existing condition?  Imagine you contact your car insurance agent on a Monday morning to tell him you want to take out car insurance to pay car repairs. The car is now in the garage being fixed because […]

Read Article

Can I Trust My Credit Card Travel Coverage?

January 18, 2010

The big question is what kind of coverage is provided on your credit card.  Some offer basic assistance benefits, while others will build in a medical evacuation program.  Remember–the devil is always in the details! “Trusting your credit card travel coverage over an overseas health insurance policy is like trusting a canoe to get you […]

Read Article

About On-site medical case management and evacuation – Hong Kong, China

June 6, 2012

Good Neighbor Insurance, Inc provides top-notch international travel insurance benefits that include medical evacuation.  You may view one of our best evacuation travel plans for those who are traveling and residing overseas for business that also covers security evacuation at www.onlineglobalhealthinsurance.com/global-rescue.asp.   We have a variety of other travel insurance plans that you may view at […]

Read Article

Copyright © 2021 Good Neighbor Insurance All rights reserved.

  • About Us
  • Site Terms
  • Privacy Policy