Obamacare was a healthcare bill approved and signed by former president Barack Obama back in 2010.
The aim of the bill was to provide quality and affordable healthcare to all Americans.
As a sentiment, the bill was great, but in actuality, the bill’s effectiveness has left many people scratching their heads.
One such man was Harris Rosen, a hotel mogul in Orlando, Florida who for 25 years was providing his many employees adequate healthcare.
The cost of insuring his employees was reasonable, yet once Obamacare was enacted, that quickly changed, and the new invoice amount irritated Rosen.
“When I got the new bill, my costs went up 30%,”
Rosen told Roofing Insights CEO Dmitry Lipinskiy as the two sat in the Rosen Plaza, site of this year’s Roofing Process Conference.
After making a number of calls to his insurance company, Rosen was left mystified because no one could give him an explanation as to why he was paying more for insurance, aside from one rep telling him that this was how the healthcare reform shook out.
Rosen immediately cancelled his plan with that insurance company, but still needed to find a way to insure his employees.
“Now what do I do?”
he then asked himself.
And that’s when it him:
Forget the insurance companies. I’m going to build my own hospital and create my own insurance plan.
Along with constructing a gorgeous hospital close to his hotels, Rosen hired doctors, nurse practitioners, and an administration staff.
“We also created our own insurance company called ProvInsure, which now has probably 200 other clients,”
He funded this venture by shifting all the money he would have poured into Obamacare and invested it into his own healthcare system.
The craziest part of all this?
Doing so actually saved Rosen money.
“Listen, if the United States of America adopted the RosenCare formula, based on what our costs are per employee,”
Rosen animatedly tells Lipinskiy,
“then, and you’re not going to believe this, but the United States of America would save about $1 trillion a year.”
Don’t worry: your eyes aren’t deceiving you.
That number is indeed $1 trillion
“We have spoken to senators, congressmen, vice presidents, governors. They don’t really care,”
Rosen says in explaining the response he’s received from political leaders when he attempts to share his findings.
And why don’t our elected leaders care?
“They don’t care because it really isn’t something that they’re interested in,”
And it’s not like Rosen’s system is overly complicated.
He says his employees pay $850 in premiums every year for healthcare.
“If they go to a hospital, the most they pay is $750. I don’t care if they spend $100,000 or $200,000. It’s $750.”
That means no matter what, an employee of Rosen’s never pays more than $1,600 in healthcare over the course of a year.
This even includes prescription drugs.
“If they need pharmaceuticals, they go to Wal-Mart, they show their Rosen card, Wal-Mart gives it to them, I pay for it,”
Rosen says, noting how he and Wal-Mart have teamed up together over the years so that Rosen gets a discount on prescriptions, and Wal-Mart gets all the additional foot traffic that walks into their stores each and every day.
This begs the question:
Why can’t everyone have this level of financial clarity when it comes to their healthcare?
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