Lack of health insurance coverage for over 41 million Americans has become the nation's most pressing challenge. While most elderly People today in america have coverage through Medicare health insurance and nearly two-thirds of non-elderly Americans receive health coverage through employer-sponsored plans, many workers and children remain uninsured because their employer will never offer coverage or they cannot afford the buying price of coverage. Medicaid and the State Children's Medical care insurance Program (SCHIP) or HAWK-I through Iowa help fill nowadays in our gaps for low-income children and a few of their parents, but the reach here programs is limited. And as a result, millions of Americans without health care insurance coverage face adverse health consequences imagined delayed or foregone well-being and extending coverage to the uninsured has changed into a national priority. -(Information extracted from kff. org)
The number in people who are forced to forgo health insurance is nothing less than a crisis in the us . today. We have fallen in a vicious cycle during the last few decades in which health insurance premiums have become too costly for even a middle-class family to afford. Thus results in the inability in the uninsured to cover medical costs which in turn times results in the financial ruins on the family, and in turn transforms into the continuing damages by the medical community, which in turn drives the cost of entertainment medical expenses higher, finally cycling in their insurance company which then must drive the value of health insurance higher to help cover the rising worth of health care.
Many proposals will be tossed around by politicians on sides of the isle which range from socializing health care particularly the Canadian system, to endorsing health discount accounts and cracking on frivolous law suits against researchers. Many of these proposals have favorable aspects, but along with whatever rewards they bring they really bring major downfalls. As an illustration; a socialized national health care program would eliminate the value of health insurance all together of which cost would be tackled by taxes, which in theory doesn't look like bad idea. However, the downfalls to it include a deficit according to new doctors willing compete in the field due for the inevitable decline in income wedding ceremony demand would grow over no personal responsibility. In short if people didn't do deductibles or copays which could normally keep the person from seeking prescribed medicines for minor things, they would click on the doctor every time among the an ache or soreness. So now we have waiting lines if you have had major health problems since all people are scheduling an appointment yet still time we are losing doctors over lack of incentive.
The current battle cry by the republican Bush administration could be to push HSA's (Health Salvaging Accounts) which reduce premium by taking a more affordable high deductible health coverage with a tax deferred family savings that earns a small interest privately that you contribute to and your premiums each month. It pay withdrawn from the savings account for qualified medical expenses are taken "tax-free", and unlike a flex spending account like most of us are familiar with inside employer based plans, you don't lose the money you settled that you don't make full use of. Basically if you not used at all any of that money in the savings account you could possibly withdrawal or roll all the people over into another vehicle in order to turn 62 1/2 penalty free to use for retirement. This is a viable option for some avid gamers, however for many the value for these plans nonetheless too expensive, and the problem remains that will offer major treatment in the first few years of the policy shipment have a big enough amount in the present day savings account to help on top of the gaps leaving that journalist for a large an area of the cost out of jean pocket.
Now we come to what I believe is considered biggest problems from a health insurance agent's perspective, which is the deformity for persons with pre-existing diseases to obtain coverage. From how many companies that contact my office searching for rrnsurance coverage, I would have to assert that about half of them have a health condition that will either own an insurance company declining typically persons application, or along with an amendment rider which basically excludes coverage for this claims related to inside condition. An example of a disorder that I run across habitually is hypertension or blood pressure levels. This condition will sometimes generate a company declining an application the actual same time if other factors come to mind, but most generally along with an amendment exclusion rider. It that this isn't that big upto a deal, after all, blood pressure medicine is considered only thing they would need to pay for out of numerous pocket, but what many people don't realize is actually rider will exclude ANYTHING it's considered part of comfortably be managed including heart attacks, motivates, and aneurisms which would all generate a huge out of jean pocket claim. Consider the fact that pop had a double by-pass surgery recently that stumbled a final bill near $150, 000. This whole amount would have had to result from pocket had he any hypertension rider on his health insurance coverage policy, not to mention additional cost of 2 months beyond work thrown into a combination. On a modest income of $40, 000 per year this will likely have ruined him fiscally.
So what how will we fix this problem? Obviously the proposals as of yet have been flawed before it starts, and even if one ofthese plans gained support from the American people chances are it's never be passed into law simply resulting from political infighting. One side in order to keep health care privatized because other wants to interact it, which as we discussed before have upsides and downsides. It seems that we are doomed on this issue as there are no real ideas or light at any one time of the tunnel a good choice? Maybe not, let me tell you a few client I had in my office a couple of years ago.
A young woman were only available in wanting to compare health insurance plans to see if there were any methods of her and her close ones. She had several children together been on Title 21 Medicaid and had been students paid by the story. She had recently graduated from college and had gotten a job of the classic local school system, however i really enjoy seeing she was not allowed health insurance benefits. Obviously she still would never afford 5 or 6 hundred dollars month to month for a plan so she went back to their aid office and said her situation. They ended up working with us to put acceptable private health insurance plan and reimbursed her for the various the cost which Doesn't even know was large choice of potential!
This got me insights, consider how many more people would be able to obtain coverage if they may be reimbursed by the government what are the the premium according because of the income. For example; search at young married couple therefore to their 20's with one toddler, let's say that or their loved ones income is $25, 000 so this the average premium to obtain $500 deductible health but as for them is $450. Just even let's say that the government determined that a three person family a great annual income of $25, 000 is reimbursed 50% for the premium taking the actual cost to the family to $225 per 30 days. This is now an allowance enough premium for the family to consider.
With this merging of private insurance with government assistance we get the best of both worlds. Of course necessary to guarantee goes to cost, what would this cost the united states tax payer and nearly everywhere would this raise income taxes? I don't think that would cost the tax payers some an here's why I'm sure that: First off we would bring down significantly the amount of uninsured people that are unable cover medical care they come in turn driving down the all inclusive costs of health care. Secondly how many companies that are forced in bankruptcy and driven that can Medicaid Title 19 assistance as a result of medical bills stemming from catastrophic medical conditions that don't have rrnsurance coverage would be significantly reduced. This is important to reflect upon considering that once some person is on Medicaid they can be receiving health care basically 100% covered by the government so there is no more incentive to not seek way to minor or non-existing climate. On the flip side branch many conditions that would haven't been caught before they became severe wish person didn't seek treatment because of not having insurance coverage would certainly be caught before they turned into a catastrophic claim. Finally, if the government allocated just a bit of money to help cover claims by people that have pre-existing conditions the muted insurance companies could wipe out exclusions and declines resulting from already existing health setbacks, this is already held is some states much like the HIPIOWA Iowa Comprehensive Indications which insures Iowa residents which will not obtain coverage everywhere else.
You may be sitting there thinking that this 's all just wishful thinking understanding that these ideas could never be implemented, but all of these ideas are already setting up as implemented. The problem is the reason that only some states do some programs and not even most health coverage agents know that some low income families can get reimbursed for medical care insurance premiums. If these programs were all standardized and demand on a national well publicized level I believe it would put one hell with this dent in the uninsured population in the country. Now I don't pretend to be aware what the reimbursement levels is perhaps for what income levels but I'm sure that anything is an improvement on nothing, and in my opinion here is the best middle ground you are find. The Democrats would be pleased with the socialized aspect the most reimbursement, and the republicans is actually happy that health attention remains privatized giving this solution an improved chance at a by-partisan initial funds.
I have faxed this idea to several senators and forestall congressmen but always received even type of standard response about how they are concerned with health care and that they are working hard to identify a solution knowing full well n' one really even read my letters. The only way to receive these ideas out into the public is for and you that read this to pass it on to others by word with mouth, by email, or by linking a blog to this webpage. If enough buzz was developed than these ideas will surely have the consideration that the team deserve, and if enough individuals like you and I demanded than a solution be found compared to perhaps enough stress can be on the politicians recreate something done. The number of uninsured Americans is only going to go up, the cost of health care is only going to go up, and the cost such as health insurance premiums is only going to go up if just about anything which isn't done now! Until then everything I as a health care insurance agent can do is to compare within the options out there and provide the lesser of all of your evils, which in too many cases the fact is chosen is the biggest evil of going and not coverage.
Written during Spencer L Fraise often Agent/Manger MultiQuote Insurance