Contributed by 1stMill | July 22, 2005 10:10 AM PST
According to a snippet in Time magazine, Costco is pilot testing the sale of individual medical insurance. Coverage is provided in partnership with Pacific Care Health Systems.
Costco states they hope to make coverage available at a cost 5% to 20% less than comparable policies now on the market. Plus, of course, their $100 annual fee. My opinion: Costco's involvement does nothing to fix our nation's current medical insurance problems. That aside, consumers should still benefit by the introduction of price competition from a national discounter.
Learn more about my medical insurance mess...
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Individual health insurance sucks! (December 27, 2005)
I have written before of my medical insurance mess. I just got my next quarterly bill from Assurant / Fortis and the rate has increased exactly 27.46% from a year ago! The rate is now up to $2,193.54 quarterly* with a $5,000 deductible. And to ... Read
If only the NHL could negotiate our Medical Insurance (July 16, 2005)
I've written of my medical insurance mess, where -- if premiums continue to rise as they have the past two years -- I'll be paying $53K/year before reaching Medicare in 2015. When it comes to rapidly rising costs, it appears that Im not alone. Over ... Read
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