Why do health care costs keep rising at a rate greater than inflation?
This has been happening for decades and the levee is about to burst. Our current health care system does not respond to market forces like other goods and services. Some of this can be traced to the fact that the patient does not directly negotiate or pay for the health care services he or she receives from a doctor. Another reason is that new procedures and medicines have little or no price regulation. Q: My district wants us to switch our health care to a different insurer. Are the Trust’s competitors really offering the same plans for less? A: It is very difficult to show that two health plans are the same even if they appear on paper to cover the same things.That’s because how an insurance company chooses to administer its plan can vary greatly. What we know is that the Trust is a not-for-profit company that was created by WEAC to provide services to public school employees. It doesn’t work to generate profit for shareholders or executives, and it doesn’t pay any commissions to its
