Disadvantages Of Health Insurance

The cost of health insurance has changed drastically over the years as it has become more expensive. Depending on personal characteristic, the cost of health insurance may vary. For instance, as individuals grow older the more expensive it becomes. In this case, health insurance is more costly because “older individuals require more health care” therefore “the cost of providing health care is rising” (Madura &Atlantic, 2012). Not only does this affect the high cost of health insurance, but the number of individuals uninsured. As stated by Madura and Atlantic (2012), “about one in every five workers is uninsured” and has increased since then because health insurance has become unaffordable. As a result, individuals tend to seek health care elsewhere as they can no longer

Large populations of Americans are uninsured mainly because of the high cost of insurance. Majority of the uninsured are the low-income working families’. The adults represent a higher percentage of the uninsured than children. Before the law, you could be denied coverage or treatment because you had been sick in the past, be dropped mid-treatment for making a simple mistake on your application, hence, the Affordable Care Act was implemented into law on March 23, 2010 by President Barrack Obama to make sure that every American irrespective of their status will be insured and have full access to proper health care benefits, rights and protection(1). To understand the

In America, we not only have the problem of the non-insured but the under insured which causes just about as much problem as the underinsured. Each group has contributed to the vast growing cost of healthcare. Over the last decade or two, the amount of uninsured has risen due to the job market in the economy and the fact that most insurances are tied to employment, which is also a problem as the unemployment rate rises. The purpose of this paper is to explore this issue.

Health insurance is one of the most important benefits a citizen can have in America. Some Americans who work acquire health insurance through their employers. But then, there are Americas who do not work and therefore, are unable to have health insurance. The Affordable Care Act was signed into law on March 23, 2010 by President Obama and the United States Congress, (North Carolina’s Institute of Medicine, 2012). This paper will focus on the impact of the

Health insurance in the United States is not a single nationwide system and is much more diverse in terms of production methods (Ridic, Gleason & Ridic, 2012). Health insurance is either purchased privately or provided to some public groups from the government, mainly Medicare and Medicaid (Ridic, Gleason & Ridic, 2012). Medicare is a nationally run program for aged and disabled individuals (Ridic, Gleason & Ridic, 2012). Medicaid provides coverage economically disadvantaged groups (Ridic, Gleason & Ridic, 2012). The Affordable Care Act of 2012, established a shared responsibility between the government, employers and individuals ensuring all Americans have access to affordable health insurance (The Commonwealth Fund, 2016). For private

One of the major social problems in the United States is the increasing number of uninsured people who are among the vulnerable populations in the America. In 2008, there were approximately 46 million of non-elderly Americans without health insurance including adults and children. While this population includes people from all age ranges, young adults account for a significant portion of these people since they are likely to be uninsured. Moreover, many uninsured individuals are in families with at least a single full-time worker as Hispanics excessively have the highest rates of the uninsured. However, the huge share of this population is white Americans as compared to people from other races.

For those Americans not covered or find their work coverage too expensive, there is a new way for them to buy insurance on their own called Health Insurance Marketplaces. Some states have named these marketplaces something else. The Health Insurance Marketplace is like a virtual insurance megamall where private insurers compete for American’s business. Americans can pick out how much coverage they want, how much they want to pay for it, from cheaper high deductible plans to more expensive plans. Regardless what plan is chosen, all plans will cover a complete set of services like hospital visits, doctor visits,

The Affordable Healthcare Act is one of the most predominate issues in American Healthcare. While it was not a primary factor in the 2016 presidential election, it was a very important issue. It is important because it serves over sixteen million Americans. I will discuss through research that the two prevailing rules of thought are to either repeal the Affordable Care Act or to improve the Affordable Care Act. I will show the advantages of both and hopefully show which is better for America, not which is better for me.

Any Texas resident at the age of 65 years and above is eligible for the Medicare insurance plan, which covers a percentage of the total medical treatment. However, the original Medicare leaves a certain percentage, which the policyholder has to pay. For example, Medicare pays 80% of the total medical costs leaving the policyholder with 20% to cover. A Medigap insurance policy covers gaps that the Medicare Part A and Part B does not cover. The out of pocket expenses include deductibles, medical care provided while traveling out of the country, any treatment fee, coinsurance, and copayments.

Medicare, as nationwide social insurance passed into law as title XVII of the Social Security Act of 1965, currently using about 40 private insurance companies across the United States. The primarily purpose of Medicare was to provide financial support to elderly age sixty-five and older or younger people with a permanent disabilities. There are four different parts of Medicare plans to select from: “Part A provides hospital and skilled nursing coverage’s through Hospital Insurance Trust Funds. Part B covers physician services, ambulatory surgical services, and other miscellaneous services paid by Medicare beneficiaries. Part C is managed care coverage offered by private insurance companies. It can be selected in lieu of Part A and B). Medicare Part D covers

The number of Americans who do not have health insurance has grown rapidly over the years. The high cost of premiums implemented by insurance companies is regarded as one of the leading causes of this problem. Some people are not financially competent to purchase the insurance they need due to these prices. However, the PPACA health care reform assures to make health insurance coverage available to people who are legal residents of the US. Proof of insurance coverage is compulsory of all Americans while insurers are free to charge what they want. Coverage is universal under the new law, and it demands that all Americans obtain coverage. As of this year millions of

This is a total of “approximately 772,000 people” living in poverty, including children, pregnant women, seniors, adults, and people with disabilities. “Around 2.0 million people live in New Mexico and 41% of these people are considered “low-income”” (KFF 2017). Using the KFF “Medicaid in New Mexico” fact sheet, it’s found that “in 2015, Medicaid/CHIP covered 1 in 5 adults (<65), 1 in 2 low-income individuals, 1 in 2 children, 2 in 3 nursing home residents, and 1 in 2 disabled people in New Mexico.” In addition, the rate of people who are uninsured in New Mexico has decreased, “from 16% to 12%, in the years of 2013 to 2015 respectively.......which is still higher than the national average which was at 9% in 2015” (KFF 2017). Hence, while New Mexico is doing better to provide universal health care for its citizens, it is definitely not doing as well as the rest of the United

The CDC report shows that non-Hispanic white persons who were living in poor conditions were unable to go to work due to health issues. It is stated that it was twice as much as the Hispanic population. Moreover, it was reported that white people experienced greater incidents of adverse medical consultancy than the Hispanic persons. Statistics show that the numbers are 129 and 82 (out of thousand) respectively. However, the figures for health insurance in case of Hispanic people are not satisfactory. Around 32% of Hispanic population, who lie in the age bracket of less than 65, is not medically insured. (Cdc.gov, 2015)

Data was taken from the Central Texas Region and 3 tables were drawn breaking down the factors of health and income. The evidence suggest that for Central Texas residents surveyed making $35,000 or less had a higher percentage of being uninsured. This correlates with economic status and jobs such as blue collar workers as opposed to those white collar occupations, specifically those in the community averaging a yearly income of $15,000 - $35,000 had no health care coverage of approximately 30%. Upon further analyzing the second graph the number 1 reason the community suggested at 30% for not having health care coverage

Currently, the issue of health insurance has been a bone of contention for the public regarding whether the United States government should provide this health plan or not. People often possess different perspectives and refer to pros and cons on both sides of the spectrum. While some believes a universal healthcare system will set a foundation for a lower quality of service, increasing governmental finance deficit, and higher taxes, others do not hold the same thought. A universal healthcare system brings enormous advantages rather than disadvantages, such as all-inclusive population coverage, convenient accessibility, low time cost, and affordable medical cost, all of which not only provide minimum insurance to the disadvantaged but also improve the efficiency of medical resources distribution.