This Research Paper Is Talking About The High Deductible

Rising health insurance premiums have made healthcare unaffordable in the United States. Health insurance premiums in this country have undergone a steady rise over the past few years while incomes have remained the same. More than 50% of individuals with low incomes holding private insurance in the United States are unable to afford their healthcare costs (Collins, Gunja, Doty & Buetel, 2015). In addition, costs related to healthcare are equally unaffordable to 25% of working-age individuals who hold private health insurance policies (Collins et al., 2015). According to the Kaiser Family Foundation/Health Research and Educational Trust (Kaiser/HRET) survey on employer health benefits, employer-sponsored health insurance plans have also had moderate rises in premiums in 2013 for both individuals and family coverage (Claxton et al., 2013). While

Recently, a Consumer Driven Health Plan (CDHP), was created. There are many variables to a CDHP, such as benefits covered and coinsurance amounts, however there is one thing that all CDHP’s have in common – a high deductible. By having a high deductible, such as $1,200, it forces the plan participant to think about the medical services they are seeking. Do they really have to go to the emergency room for that cough or can they go to urgent care, or better yet, their physician the next day. When the plan

The Affordable Care Act has made many positive changes for uninsured and underinsured citizens. With the addition of a program called Health Insurance Marketplace, it is now possible for uninsured people in every state to purchase private insurance plans, those making under 400% or less of the Federal Poverty Level will be able to have tax credits making insurance more affordable (Lathrop & Hodnicki, 2014). Insurance companies are no longer allowed to cancel a policy or raise rates when a client gets sick. Insurance companies cannot refuse coverage to individuals with preexisting conditions such as cancer (“Quality Improvement,” 2015). Insurance companies now must cover preventive care and screenings allowing diseases like cancer to be caught early (“Quality Improvement,” 2015). Research has shown that through health screenings

Another downside to High Deductible Health Plan (HDHP) is the apprehensiveness to use the insurance, even the benefits that are free or at a low cost. “Enrollees in high-deductible health plans are likely to reduce the preventive care use and are largely; because they are unaware of the fact that preventive care benefits are free or at a low cost (Dolan February 2016).” Recent analysis showed that low-income workers were more likely than higher earners to avoid certain kinds of care when they were enrolled in high-deductible plans coupled with savings accounts. The analysis from the Employee Benefit Research Institute, found that low-income people even skipped free preventive services like flu shots and cut back on doctors’ visits. Primary and preventive

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 rising healthcare cost is an issue that affects many working class Americans. Experts have tried to come up with different ways to make health care more affordable and easily accessible to all. Despite all the efforts and even after the Affordable Care Act, there are still millions of Americans without health insurance coverage and therefore unable to access the necessary medical care. According to a 2015 report by the U.S Census Bureau, there are over 33 million uninsured Americans. (“Health Insurance Coverage in the United States: 2014 - p60-253.pdf,” n.d.) The Affordable Care Act has unquestionably made healthcare more accessible and reduced the number of uninsured Americans. However, there are still millions of

The ever rising cost of healthcare has made access to healthcare almost impossible to many households in the United States. That these households have stagnant incomes has further complicated issues (Collins, 2008). Many working families without insurance cover have been forced to pay for their own medical expenses that consume lion share of their incomes. Individuals have been forced to forfeit healthcare because of its inherent costs. The lower-income and middle-income families are a very vulnerable lot because they are either uninsured or underinsured (Collins, 2008).

Uncontrollable skyrocketing health care costs not only effect our economy but every American pocket book. The Obamacare Act was the most important healthcare reform enacted since Medicare/Medicaid was created in 1965 (Jama, 2016). The Affordable Care Act has made a substantial progress in solving the challenges U.S healthcare faced for decades. The uninsured rate was dropped from 16.0% in 2010 to 9.0% in 2015 (Jama, 2016). Not only has the ACA delivered an access to quality

|Providing Free Preventive Care |Employers will incur additional costs not offset|Claims will likely increase because

A more optimistic view of healthcare reform recognizes its potential to improve the efficiency of the U.S. healthcare system. More efficient healthcare will lower the burden of health insurance premiums for firms, and in turn allow them to hire more workers. This will also increase the number of jobs for Americans and at the same time reduce the financial woes of those individuals struggling with no insurance in a depressed labor market.

Healthcare in the United States is an interstate system that accounts for 15% of the U.S. GDP and $5,635 per capita. Nearly 45 million – or 1 in 5 – Americans are uninsured. With insurance premiums rising yearly, the number of uninsured Americans projects to continue to climb. While new technologies will increase the efficiency of healthcare, the costs of these new tests and treatments will likely outweigh the savings. As the cost of healthcare rises, many employers will be forced to eliminate health insurance benefits for their employees, further increasing the number of uninsured Americans.

Having more citizens enrolled in Health Care plan lowers overall health care costs. Estimates predict that budget deficit will be reduced by $143 billion dollars over the next ten years due to lower health care costs. (Radnofsky, 2012)

The popularity of HDHPs has grown exponentially in recent years. In 2005 HDHPs did not cover any employees but by 2013 around 20% of employees were covered by HDHPs (Kaiser Family Foundation, 2013). Furthermore, under the ACA HDHPs are offered in the lower tier plans and also allows the continued use of HDHPs by employers. By 2013 40% of large companies offered HDHPs to

I have chosen to talk about affordable health care as my issues. Lately the cost of health care has gotten extremely expensive. Years ago it was no problem with health care. Now of days, you have sometimes taken a physical which will decide whether are not you will be insured by a healthcare company. The cost of healthcare is not only expensive for adults but also really expensive for your kids. Let’s take a look back to about maybe 7 to 10 years ago. I remember when choosing healthcare coverage basically was deciding which premium you wanted to pay and deciding between a PPO and HMO, but now you have so many different choices that it

Under the current healthcare reform bill HR-4872, there are several stipulations that will benefit everyone. The proposed bill eliminates the “Pre-existing Condition” clause that insurance companies have been manipulating around for many years. How many people have been stuck in dead end jobs, unable to further their career for the fear of being denied insurance coverage due to a pre-existing condition. The bill (HR-4872) also makes purchasing health coverage affordable. Under the current American system, the health insurance providers can pass on rate increases to the consumers without regard to the clients ability to pay or their after taxes income. It is estimated that healthcare insurance costs have increased as much as 18 – 25% over just the past three years alone. This dramatic increase in premium expenses has put healthcare insurance out of the reach of millions of Americans.