HealthShare Radio host John Daly and Executive Director Dale Bellis give a quick explanation of pre-existing conditions as they are handled by Liberty HealthShare.
Last spring, John Daly, an award-winning, internationally-known journalist, news anchor, producer, writer, author, and TV host went from skepticism to belief in the validity of medical cost sharing.
A media analyst and former guest on The Tavis Smiley Show, Daly tuned in one day and heard Smiley interviewing Dr. Elaina George, a board-certified ENT physician from Atlanta, Georgia and Liberty HealthShare member. During the course of the broadcast, Dr. George mentioned cost sharing and Liberty HealthShare in particular. This unique concept stopped Daly in his tracks. He wondered, “What is this?”
As a Liberty HealthShare member, what are the steps you should take when seeing your health provider?
What do I do when I go to the Doctor? This question is commonly asked by Liberty HealthShare members. For some, it’s your first time seeing a provider since joining. Others have been members for years but haven’t had a medical need in a long time. We want to be sure you understand what to do when visiting the doctor, from giving the receptionist your member ID card to how the medical bill submission process works, so you can feel at ease when going to your provider of choice.
One medical incident can cost thousands of dollars; a sum that doesn't fit into the most household budgets. However, rather than trying to manage these expenses alone, individuals can come together to take advantage of the law of large numbers, a mathematical principle that has significant implications for healthcare.
The law of large numbers says that the more times a process is carried out, the closer to the expected average the results become. For example, when flipping a coin, the expected average is to get heads half the time and tails half the time, but in just 10 coin flips, it would not be too extraordinary to end up with 3 heads and 7 tails. However, if a coin was flipped 1,000 times, the result would be much closer to the 50/50 average that was expected.
Where healthcare is concerned, the law of large numbers can be applied to the medical costs of people who come together as a group, such as the membership of Liberty HealthShare.