Health Problems, Lack of Healthcare

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Lack of Healthcare, insurance

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Many of us worry about what the future of healthcare insurance will look like. With the recent Supreme Court ruling, many of us are wondering what kind of beating our credit cards and debit cards will incur with out of pocket expenses.

Worse, there are still millions who are uninsured and already worried about how to pay for medical expenses and the potential of a tax being tacked on to their yearly filings if they’re unable to secure health insurance. As one freelance graphic artist told us,

Hey – it’s day by day for me. Worse case scenario is an illness with no resources available for me.

Unfortunately, it’s a sentiment shared by countless folks in this country. There is a certain perspective, however – and for those who can find it, the thought of an illness isn’t a dark alleyway with no light at the end of the tunnel.

You’d be surprised at how many think the absence of a health care policy means access to a doctor is non-existent. All doctors, though, still accept cold, hard cash and before you think that’s not feasible, consider a doctor’s office visit is around $100. Of course, there are countless factors, including the type of physician you need to see and even the region you reside in can affect pricing. If you’re having trouble breathing and are concerned it’s bronchitis or pneumonia, $100 is a small price to pay for a prescription for an antibiotic.

Also, and here’s what a lot of us were unaware of: you’d be very surprised to learn that most doctors offer a discount – but only if you ask for it. As you’re reaching for your credit card, ask the clerk about that possibility. This is usually reserved for those paying cash or via credit card since it eliminates the wait time for a doctor’s office to collect payment and it also means an employee isn’t filling out the paperwork to file the insurance claim. It’s a win-win!

Another thing to avoid is the emergency room when an after hours clinic can provide the same level of service at significantly lower costs. The difference is an ER’s doors are always open and while many of these clinics across the country have extended hours, many of them don’t have around the clock service.

If you need a prescription, be sure to ask the physician to allow the pharmacist to fill it with a generic drug. Here’s the thing about name brand and generic drugs – the drug company that develops the drug has five years to make as much money as it can with no worries about another company copying its formula. Therefore, it takes advantage of those sixty months and prices its offerings quite high. After that time period lapses, its competitors are then free to create their own respective versions.

The risks are lower for these other companies since they’re already been on the market for some time and any liabilities have already been uncovered or exposed. They can afford to offer their versions at substantially lower costs. This, of course, is a lifesaver – no pun intended – for those without medical coverage. Their credit cards don’t take as big a hit, yet we’re getting what we need to overcome whatever ails us. If there’s a generic available, most physicians will happily allow that substitution.

Bottom line: we don’t know what Obamacare will ultimately look like, and considering it’s still months and possibly even years away from going into effect, there’s no way to gauge what the medical community as a whole will look like. Whether or not any of us have medical insurance, none have to go without proper medical care – especially considering we’re in the greatest nation in the world.

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About Author

David is a CPA and has spent the past decade as a financial adviser helping clients meet their fiscal objectives. With an appreciation for journalism, he has spent the past few years overseeing several financial columns as well as writing two previous finance blogs. He resides on the East Coast with his wife and two sons and has guided many through the recent recession while providing a no-nonsense approach to spending and saving.


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CREDIT DAD is an independent, advertising-supported website. Many debit cards, credit cards and other financial offers that appear here are from companies from which CREDIT DAD Websites receive compensation. This compensation may impact how and where products appear on this website (including, for example, the order in which they appear). CREDIT DAD Websites do not include all card offers in the marketplace.