In the world of healthcare the hot topic of health insurance is on everybody’s mind these days. Today an innovation, tested and proven with more than thirty years of documented history is finally becoming available as an alternative to health insurance.
A little-known method that has been used by 500,000 people in the U.S. for more than thirty years is soon to give the ‘fat cats’ in the insurance industry a run for their money.
Included in Obamacare, and exempt from the penalty, cost-sharing is a formula to manage health costs based on insurance actuarial science used to determine rates through what’s called the ‘law of large numbers’, works because it alleviates the financial burden of the few among the many.
To illustrate:
When one person absorbs a loss it’s 100%, but spread out among 100 people this same loss becomes 1%. In the law of large numbers, an even smaller impact is felt when deferred among tens of thousands, hundreds of thousands or even millions of people.
That’s how insurance and cost-sharing work. However, cost-sharing replaces the insurance profit-driven premium model with a self-sustaining co-op of what healthcare and health plans really cost. And now people get a lot more for a lot less money.
Utilizing this nonprofit co-op approach, each person who participates in the law of large numbers, makes a monthly contribution to the co-op. In so doing, the co-op’s members cover the health care costs instead of one person absorbing all risk and burden and are not burdened with the heavy financial load of insurance.
The law of large numbers is a math formula tracking costs over time. Basing cost calculations on a per person average, sophisticated computer software and math algorithms match medical costs with the number of members to create a per diem, or a per member contribution.
Once the law of large numbers, or the average cost per person is identified, it is shared. However, we all know the real world isn’t average nor is it predictable. Thus, while costs fluctuate month to month over a years’ time and from year to year, cost sharing recalculates the per member cost.
Doing so drives down the member cost for what’s not really even a comparable insurance. Thus the analogy a ‘lot more for a lot less’.
Today this model is now applied not to just conventional medicine, but in an integration with natural treatments. Looking at the national trend toward optimum health and wellness, CAM or Complimentary Alternative Medicine spending nationwide in 2014 is estimated to be $100 billion dollars.
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Kari E. Gray is a multi-award winning talented professional and a 27-year terminal liver cancer-survivor whose personal journey through medical and insurance abandonment gave one problem-solving entrepreneur the life experience to see the failures of the system.
Determined to survive, Kari’s strong faith and love for her children gave her the tenacity to find that coveted second chance at life through alternative medicine. After self-funding success, Kari entered on a two-decade search for alternative medicine health insurance and became an outspoken proponent for choice in healthcare who then founded a grassroots nonprofit insurance alternative health plan called GreenSurance, the fresh, organic solution people long neglected by the insurance industry need. Through her own self-pay experience, Kari knows the financial issues people face without a health plan that provides natural medicine.
A woman who loves life and people, Kari is a dynamic woman who gives back by ‘paying it forward’ as she inspires people ready for change.
Resources:
http://www.mygreensurance.org
http://www.allnaturalhealthreviews.org/herbal-recipes-for-vibrant-health/
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