EVEN THE BEST MEDICINE IS NO GOOD IF WE CAN’T AFFORD IT! But the reasons behind high costs are not always clear, and often we point the blame in the wrong direction. Check out this terrific article in FORBES:
Only about 10% of overall health spending in the U.S. goes to prescription drugs. There’s a huge system of drug rebates and discounts, however only a trickle of these discounts and rebates actually reaches the patients.
What to do?
>Fire the Middlemen (PBMs)
>Reduce Regulatory Burdens
>Flexible use of Life Insurance toward extreme medical expenses