The Department of Health and Human Services tells us the average individual purchaser of health insurance across the United States saw their premiums increase from $232 per month in 2013 to $476 per month in 2017, an increase of over 100% in just a few years. To put this into perspective, that’s nearly $3,000 per year and roughly 9% of what the median American earns each year.
To make matters worse, users of insurance actually can pay 3.4 times more than cash for their common procedures like MRIs according to the Wall Street Journal.
There is an increasing trend towards using insurance only for catastrophic events and paying cash for everything else. When you realize the potential savings, you can understand why. Perhaps it shouldn’t be surprising as this is how many of us use home or auto insurance. Many times, the same doctors will charge you a lot less if you just use cash.
Food for thought for the next time you go to the doctor.
It’s why we invented UMA Health, the free market for healthcare. Our platform connects patients with doctors but bypasses insurance. It allows patients to find doctors based on cost, distance, ratings and availability.
UMA stands ready to connect you with the doctor you need – we are available in the New York Area and initially targeting podiatrists and Great Neck Dentist. We are open to all doctors and we welcome new patients. Use our platform, save money and get 5% back to spend on future visits. Try us now.
Pictured Below are just some of our doctors located on Park Avenue in New York:
Dr. Maurice Khosh, New York Plastic Surgeon
Dr. Ruben Cohen, New York Oral Surgeon
Dr. Danielle Lombardi, New York Dentist