Your free Podsite trial has expired, but you still have time to upgrade!

Claim your custom domain name todayClaim your domain

The severe, weird recession... in health care. And what it means for our wallets

19 minutes

You've probably noticed: The U.S. economy is crashing.


Something you may not have noticed, that may sound really weird: Almost half of that economic devastation comes from just one sector.

And that sector? It's health care.


If that sounds completely backwards, it is. Except in the world of how we pay for health care in this country.


Because even though we as a society need health care workers like never before, to fight COVID...

... we-as-individuals are avoiding doctors' offices and hospitals for everything else, whenever we can. Just like we're avoiding going out to eat.


And this country runs health care kind of like the restaurant industry: When people stop showing up for Sunday brunch— or for hip replacements, colonoscopies, etc. —the enterprise runs short of cash real fast.


Even folks you'd think would be the most in-demand — ER docs fighting COVID—aren't immune.


In this episode, we look at some of the extra weird details of this very-weird recession: how a couple pieces of it are working, and what they could mean. For our wallets.


We draw in this story on stuff we covered in a Season 3 episode called Can They Freaking DO That?!? It's still fun and relevant, and you can catch it right here.https://armandalegshow.com/episode/can-they-freaking-do-that/


Thanks to everyone who supports this show on Patreon! Join 'em, and we'll shout you out at the end of an episode: https://www.patreon.com/armandalegshow

 

See acast.com/privacy for privacy and opt-out information.

More episodes from An Arm and a Leg

How to avoid a big bill for your COVID test: with Sarah Kliff of the New York Times

They're supposed to be free. And usually they are. But sometimes... things happen. Here's how to keep them from happening to YOU.


New York Times reporter Sarah Kliff has been asking readers …

How to Keep Cool in a Tough Moment: A self-defense expert breaks it down

Possibly our most-useful episode ever. A listener asked: How do I remain cool when calling insurance companies?


We called a veteran self-defense …

David v Goliath: How to beat a big hospital (using small claims court)

In a classic—and hilarious—David vs. Goliath story, Jeffrey Fox takes on a huge hospital over an outrageous bill, and wins.


He's a bit of an expert in …

How to handle debt collectors, with the TikTok Mom and a legal expert

There's a reason Shaunna Burns went viral with her videos about dealing with debt collectors: She used to be one, so she knows a few things. (Also …

Your TikTok Mom has some medical-bill tips, and a hell of a story

Forty-something mom Shaunna Burns went viral on TikTok, thanks in part to a series of videos dishing out real-talk advice on fighting outrageous medical bills. She's become the virtual mom …

A Blast of Hope and Humanity: Here's what perseverance looks like

Laura Derrick fought and endured for decades. When medical bills threatened to swamp her family, she made huge sacrifices, worked unbelievably hard... and helped change the course of …

How you can listen to this podcast

You can listen to episodes right here on the website, or if you prefer, in a podcast app. Listening in an app makes it easier to keep track of what you’ve already heard, listen without using your data plan and many other conveniences.

Recommended apps
Start listening to Mom vs. Texas
28:53
Start listening to Mom vs. Texas
28:53