To understand one of the problems with health care in the US, see if you can answer the following questions:
- How much do you and your employer pay in total premiums for health insurance?
- What does a doctor’s visit or medical procedure cost you, and what additional amount does insurance pay?
- What would the same visit or procedure cost without insurance?
Those simple questions are often difficult to answer because there’s little information or transparency when it comes to health care costs. Employers often don’t disclose the majority share of the premiums they pay, and after your copay most costs occur behind the convoluted curtain of the insurance industry.