Bariatric Surgery and Lower Insurance Premiums
Sure, by undergoing bariatric surgery, you’re dramatically improving your health, both now and in the future. But you’re also doing some very good things to your bank account!
A growing number of studies have found that weight loss procedures have imparted valuable benefits for reducing the development of conditions common to morbidly obese men and women. That in part has contributed to falling rates for these patients’ insurance claims. A published study the American Journal of Managed Care showed that in as quickly as 2 to 4 years, health insurers can hope to recoup their costs, which can soar as high $17,000-$26,000.
Surgery or Not: Who Is More Cost-Effective?
For this study, the insurance claims of two subject groups were compared. One group involved over 3,600 morbidly obese men and women who had experienced laparoscopic bariatric surgery, while the other group involved 3,600 subjects who didn’t have surgery. The findings demonstrated that for the surgical subjects expressed reduced percentages of sleep apnea, hypertension and diabetes following their operations. The non-surgical subjects’ percentages rose or stayed the same.
One year after the study’s start, the surgical subjects’ monthly medical costs were as much as $900 less than the non-surgical subjects. Dr. Scott Shikora, president of the American Society for Metabolic and Bariatric Surgery, and the study’s co-author stated: “Bariatric surgery is a unique field in that with one operation you can cure a wide range of different health conditions.”He added, “this paper demonstrated that you can do that and actually save money in the process.”
Faced with these potentially dramatic health and financial benefits, is it really that surprising that so many obese men and women are going under the knife? About 220,000 surgeries will be performed this year, for a more-than-tenfold increase since 1992. Even better, research suggests that the risk of death from weight loss surgery is now below 1%!
Most health insurers consider cost to be the biggest issue for coverage. While they typically so provide coverage, they try to make it very difficult for patients. As you’d expect, this angers medical professionals. “Obesity is a disease, it’s not just a choice or an eating affliction,” says Shikora. “It is a genetic disease, and I don’t feel that the morbidly obese patient should be treated any differently than a patient with breast cancer, or HIV or other ailments.”
