Paul Zane Pilzer is an economist, social entrepreneur, professor, public servant, and the New York Times bestselling author of 11 books and dozens of scholarly publications. A former commentator on National Public Radio and CNN, Pilzer has been profiled on the front page of The Wall St. Journal and on the cover of more than 100 magazines. He speaks live each year to approximately 200,000 people and more than 20 million copies of his works have been sold.

Rick Lindquist is President and CEO of Zane Benefits. Lindquist is a frequent speaker and reference for his expertise on personalized employee benefits, tax and health policy, and the Affordable Care Act. Rick joined Zane Benefits as its thirteenth employee in 2007 and took over as President in 2011. Rick received a B.S. in Economics and a B.A. in Computer Science from Duke University.

They are co-authors of the book “The End of Employer-Provided Health Insurance: Why It’s Good for You and Your Company,” an insightful guide that explains how individual health insurance offers more to employees than employer-provided plans.

The purpose of “The End of Employer-Provided Health Insurance” is to show you how to profit from this paradigm shift while helping you, your family, and your employees get better and safer health insurance at lower cost. It will help you save thousands of dollars per person each year and protect you from the greatest threat to your financial future—our nation’s broken employer-provided health insurance system.

This book is written to ensure that you, your family, and your company get your fair share of the trillions of dollars the U.S. government will spend subsidizing individual health insurance plans between now and 2025. You will learn how to navigate the Affordable Care Act to save money without sacrificing coverage, and how to choose the plan that offers exactly what you, your family and your company need.

Using the techniques outlined in this book, you and your employer will save money on health insurance by migrating from employer-provided health insurance coverage to employer-funded individual plans at a total cost that is 20 percent to 60 percent lower for the same coverage. That’s $4,000 to $12,000 in savings per year for a family of four for the same hospitals, same doctors, and same prescriptions.

Review:

This book is a thought-provoking exploration of the future of healthcare in America. Pilzer and Lindquist argue that the traditional model of employer-provided health insurance is on the brink of collapse due to escalating costs and shifting economic realities. They envision a transformative shift towards a more consumer-driven approach, where individuals take greater responsibility for their own health coverage.

The authors meticulously dissect the flaws in the current system, highlighting how it burdens businesses and limits consumer choice. They propose innovative alternatives, such as health savings accounts and portable insurance plans, which could offer greater flexibility and control. Pilzer and Lindquist also explore the implications of these changes for both employers and employees, presenting a compelling case for why a systemic overhaul is necessary.

The material aimed at employers and small business owners occasionally assumes a level of economic literacy that may be challenging for some readers. The exception is Part II How to Make Individual Health Insurance Work for You and Your Family. It does an excellent job of explaining the basic terms of health insurance, such as deductibles, copays and coinsurance. One highlight is Chapter 9 How to Choose Your Coverage – Bronze, Silver, Gold, or Platinum, which explains the major differences between the levels of coverage and Chapter 12 How to Reduce Your Individual Healthcare Costs, such as opening a Health Savings Account (HAS) through your bank or credit union, shopping for a new health insurance plan annually, and of course, changing your lifestyle (diet and exercise). This part on its own is a must-read for readers needing guidance in navigating the complicated healthcare shopping experience. 

Overall, “The End of Employer-Provided Health Insurance” is insightful and forward-thinking and leads the important conversations about the future of healthcare and the need for reform. It was published in 2014, so some of the information is outdated, such as tax penalties for not purchasing health insurance, but the general topics are always useful. For those interested in the intersection of economics and health policy, this book is a valuable and engaging resource.

“Healthcare costs now consume almost one-sixth of America’s economy, and, during your lifetime, medical and health insurance costs are likely to be your largest or second-largest expense after housing. Your employer-provided health insurance is arguably the number one threat to your financial future.”

*The author received a copy of this book in exchange for an honest review. The views and opinions expressed here belong solely to her.