Monday, June 24, 2013

Cash-only Doctors Abandon the Insurance System

Presented by Mark Phillips

There is an interesting trend captured by this CNNMoney article. A small but growing number of doctors are opting out of the insurance system completely and accepting cash only for services. The business proposition offered by insurance companies to doctors is becoming so difficult that this seems to be a growing trend. This is a move that the majority of dentists have already made.
While I have a concern for the impact of high cost Concierge offices, some of the more modest flat fee programs (as reflected in the fees charged by Dr. Nunamaker), when combined with a high deductible insurance plan and an HAS account, may prove much more cost effective and conducive to a healthy doctor/patient relationship.
Please consider this trend and how this might be an opportunity, rather than a threat, to you.

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