Kevin Wacasey, M.D.Kevin Wacasey, M.D.

Physician. Health Insurance Agent. Author. Health care humorist. Medical satirist. Disruptor. At your service. My name is Kevin Wacasey, and I’ve been practicing medicine since 1994. When I graduated from medical school, I took an oath to do no harm to my patients. To me, that includes financial harm. But since health insurance took over health care over 40 years ago, health care prices have skyrocketed. And despite what we’re told by the media every day, it isn’t the costs of health care that are outrageous; it’s the charges. So if you’ve ever wondered why we spend so much on health insurance and health care, then come along and join me as I explore the crazy world of Healthcareonomics. Health care doesn’t have to be expensive. Let me show you how. For speaking opportunities and to pass along your questions/comments, please email me at drw@healthcareonomics.com.

All articles by Kevin Wacasey, M.D.

 

Is Health Care A Right? Or a Privilege?

Adapted from my upcoming book: Your Money AND Your Life, coming Fall 2017. In 1992, Dr. Kathryn Anastos was quoted as saying: “It is unconscionable that we ration health care by the ability to pay… Health
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‘Twas the night before my colonoscopy

‘TWAS the night before my colonoscopy And for more than a bit I’d had nothing to eat Not even a chip. Except to drink something awful That was bitter, yet sweet You see I’d gotten
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The Politics of The Pill

One day after the inauguration of President Trump, New York Governor Andrew Cuomo issued an order: his administration is going to “require” health insurance companies to pick up the tab for birth control. In other words, no matter
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A Merry Colonoscopy…to All!

Adapted from my upcoming book: Your Money AND Your Life, available Spring 2017. Earlier this month, contestant Cindy Stowell racked up an impressive six wins in a row on the game show Jeopardy!. Even more impressive than her
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I’ve Said It Before…

And I’ll say it…again. When it comes to health care – as in all other businesses – cash is King. Or at least it should be. And yet when it comes to health care, it
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Hold On, Mr. President-Elect!

THERE’S A NEW SHERIFF in town, and his name is Donald Trump. No matter what you may think of his history, attitude, or behavior, one thing is for sure – he’s a total political outsider
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Let’s Do The Numbers…

Well, it’s November 1st, and you know what that means. It’s that time of the year again, when the so-called “Open Enrollment” period for buying next year’s health insurance plans begins. To celebrate, I thought
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The Copay & The Deductible – Defined

The following is an excerpt from my book, The Guide to Buying Health Insurance, and Health Care. Available NOW on Amazon, iTunes & Nook. TO REALLY KNOW WHAT you’re up against in the health insurance game, and to define
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Texas Teachers Get SCREWED – Again!

Well, they’re at it again. The Texas Teacher Retirement System (TRS), that is. Because just like last year, and the year before, and the years before that…when it comes to their ActiveCare health insurance policies, it still
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An Angry Apologist’s…Apology

Recently a fellow physician friend of mine wrote to let me know that the only thing wrong with my writing is my occasional use of foul-mouthed language. Now, I very much appreciate our friendship, and
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Meet Martin – The Martyr

Poor Martin Shkreli. His last name aside (and I thought mine was bad), the former CEO of Turing Pharmaceuticals just cannot catch a break. These days everyone it seems – HIV patients, politicians, even a group of witches – have
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The Forest? Or The Trees…

I was saddened to hear that one of my favorite Libertarians, the wonderful journalist John Stossel, has taken ill. True to form however, he’s taking it in stride (he nonchalantly quipped “seems I have lung
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Touché!

It’s time that everyone have a stake in the health insurance game, and recipients of employer-funded programs are no exception. But it’s going to take a seismic shift in attitude from employees who enjoy such perks.
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A Guide to DFW Metroplex School Districts’ 2015 Health Insurance

The cover of the 2015 Scott & White Health HMO Plan’s Summary of Benefits asks ‘Who thinks school employees should get lower health insurance deductibles?’ To put it bluntly – not I. Please don’t think me cruel, but I
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The Texas Senate Has No Heart

Last month House Bill 767, that would have required electrocardiogram (ECG) screenings in Texas students participating in UIL athletic activities, was passed by the Texas House and sent to the Senate for consideration. Today, five Republican Senators from the Senate
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A Matter of the Heart

Last week, the Texas House of Representatives Public Education Committee voted unanimously to pass a bill requiring students to undergo EKG screenings before participating in UIL events, The bill leaves the burden of paying for the testing
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Glenn Beck Agrees With Me ;)

NOTE: The profile picture and tweet above were from Thanksgiving Day 2013, when I reached out to Glenn Beck on Twitter and he responded by recommending this blog. Back then my Hconomics twitter handle was just
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Say It Ain’t So, Joe. Please.

Recently I searched YouTube for “health insurance,” and this video popped up near the top of the list. Meet Joe Simonds (rhymes with diamonds): author, digital marketing maverick, and guru of the Retirement Think Tank. Now I’m
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Why Use The Wacasey Equation?

As open enrollment continues, millions will have to balance their needs against their bank accounts in a quest for the best health insurance plan. The Wacasey Equation helps turn this difficult decision into an easy one, and during the 8th radio show and
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Gruber the Goober – ObamaCare Architect Thinks Voters are Stupid…

Jonathan Gruber is an MIT Economist who was paid $400,000 for his help in designing ObamaCare. Recently, a couple of videos were posted of him calling American voters “stupid.” This isn’t the first time he’s
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Trick? or Treat?

Sara Horowitz is a “genius.” Oh, don’t take my word for it; she was awarded that title, as well as a grant, by the MacArthur Foundation in 1999. She’s received all kinds of awards and
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The “Good,” The Bad, and The Bronze

Ahhhh, marketing. A good definition of marketing can be found at Wikipedia: “the process of communicating the value of a product or service to customers, for the purpose of selling that product or service.” Actually
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To pay, or not to pay? That is the Question…

To pay, or not to pay… I’ll admit it, I’ve never been great with math. Except for subtracting from my bank account, as my CPA likes to remind me. But I am pretty fair at
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Affordable Health Insurance?!?

Affordable health insurance?!?  In keeping with the Texas educators theme, last fall I spoke with a local high school teacher who told me that she and her high school coach husband were paying $1,540 a
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Why Health Care Is So…Chargely

Last post I detailed the enormous amount it cost a woman to be treated at a Dallas ER, for a simple cough. Cost? Hardly. It’s all about them charges. In fact, a more accurate description
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The ER, Or The Most Expensive Health Care On The Planet

“They bought it.” – Ferris Bueller, 1986 In my last post I reviewed several reasons commonly used to explain the high costs of health care, and how they are all untrue. As I’ve said before,
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I Was Worth Every Penny!

Last time I posted a receipt from my birth in 1968. The following is an excerpt from my planned book,Your Money AND Your Life: American Healthcareonomics. “I was born on Saturday, October 12, 1968, at Harris Methodist
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How Much Was I Worth?

Here’s the full receipt from my birth on October 12, 1968:   Do you have yours? If so, find it and stay tuned…   It’s not the COSTS of health care that are outrageous…it’s the
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The Usual Suspects

In 2011, Americans paid $2.7 trillion for health care. That’s more than the economic output of the whole United Kingdom, and over one and a half times more than any other country spent on staying
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Managing Risk, Part 3 – Which Is Better?

Let’s focus on managing risk.  Here are the health insurance plans that were offered to the employees of the Birdville Independent School District (which just so happens to be my alma mater) during open enrollment in
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Managing Risk, Part 2 – Health Insurance vs Vegas

Last time I discussed the different ways people view risk. Specifically, how most Americans wouldn’t think twice about taking $5,000 into a Vegas casino, but cringe at the thought of “risking” anything more than a few
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Managing Risk, Part 1 – Hypocrisy in Action…

Question – which is the better health insurance policy? One with a $1,000 deductible? Or one with a $5,000 deductible? If money were no object, the vast majority of folks would choose the $1,000 deductible,
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Help! Obamacare Took My Doctor Away!

Earlier this week FOX News posted an article about a Washington Examiner survey, which found that many doctors and hospitals are refusing to join the ranks of Obamacare. “Obamacare applicants across the country are finding their premiums are tripling,
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What Do You Mean My Health Insurance Is No Good Here?

A guy walks into a doctor’s office and says “I need a flu shot.” “Sure thing. That’ll be $18, please,” says the receptionist. “Do you take Cigna?” he asks. “I’m sorry, sir, but we don’t
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Do We Need Health Insurance?

In the last post I discussed a blog piece by the fine folks who first brought us health insurance almost 90 years ago, Blue Cross/Blue Shield. In their blog post, Blue more or less made the assertion that quality
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Life Without Health Insurance?!?

What would life be like without health insurance? Egads! The very thought gives me nightmares. Actually it doesn’t. But the thought of life without air conditioning, now that gives me hot flashes… I digress. Let
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My Health Insurance Just Ain’t What It Used To Be…

As I’ve already said a hundred times, it ain’t about the costs. It’s about the charges. For health care, I mean. “So what?” you may ask. “Who cares about charges? I have health insurance. I
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The Costs vs. Charges of Health Care, Part 3

The basic myth of modern American health care is that it’s costly. Expensive. We’re routinely reminded of this almost every day, when we’re told by the media about the “rising costs of health care.” But
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The Costs vs. Charges of Health Care, Part 2

Check out this list of charges for a doctor’s office visit from the Dartmouth-Hitchcock hospital system in the Northeast: I can say from experience, that most office visits are for routine, uncomplicated problems and are charged at
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The Costs vs. Charges of Health Care, Part 1

Almost every day we hear about the rising “costs” of health care. And yet, it isn’t true. It’s not the costs of health care that keep going up; it’s the charges. Let’s define some terms: COSTS = How much money
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healthcare.gov?

Do YOU know the difference between health insurance and health care? Apparently the Obama administration doesn’t. So why they decided to give their official website such a name is interesting, because healthcare.gov doesn’t have a
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Affordable Health Care? Seriously, Dude.

Last week I disproved some arguments made by commentator Bill Whittle as to why health care costs are so high. I don’t mean to keep picking on our Virtual President, but I have to point out
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Hold on, Mr. Virtual President!

The reasons why our health insurance/health care system is in shambles are many and complicated, to say the least. That’s why it is essential to have a firm grasp of the root causes before one
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Un(der)insured, but not Uninspired…

Even with the advent of ObamaCare, tens of millions of Americans still don’t have health insurance. Do you know what the vast majority of them also share in common? They WORK. They have jobs. They are productive. Yet most
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This Is What ObamaCare Looks Like On the Inside…

Share I just couldn’t resist 😉 WARNING: Not for the faint of heart.  
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Do The Masses Need Glasses?

 Last night on MSNBC’s All In, Kentucky Democratic Congressman John Yarmuth spoke about the success of Obamacare in his state. “People are finding good, affordable coverage, many for the first times in their lives,” he gushed.
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The Cult of Health Care

“The rising costs of health care…” Sounds familiar, doesn’t it? That’s because for decades Americans have been kept in the dark, made to believe the health care mythology that has been preached. To the point where
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The Delivery of Health Care is Un-American

 The backbone of our nation’s economy was founded over two hundred years ago on principles of free enterprise that established the United States as the world’s predominant economic force, and which continue to govern the
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American Healthcareonomics

Why is it that a country that prides itself on individual liberty and free enterprise, should have a health care system that is so expensive, reactive, and restrictive, yet doesn’t keep its citizens healthy? Well the
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