New Tips And Idea To The Health Insurance Crisis In America

Health Insurance Crisis In America - A new solution for the astronomical number of uninsured Americans while keeping the healthcare industry private.

New Tips And Idea  To The Health Insurance Crisis In America

The lack of health insurance coverage for more than 41 million Americans is one of the nation's most pressing problems. While most elderly Americans have coverage through Medicare and nearly two-thirds of non-elderly Americans receive health coverage through employer-sponsored plans, many workers and their families remain uninsured because their employers don't offer coverage or they can't afford the cost of coverage. . 

Medicaid and the State Child Health Insurance Program (SCHIP) or HAWK-I here in Iowa help fill the gap for low-income children and some of their parents, but the reach of these programs is limited. As a result, millions of Americans without health insurance face adverse health consequences as health care is delayed or lost and expanding coverage to the uninsured has become a national priority. -(Information taken from kff.org)

The number of people who are forced to not have health insurance is nothing less than the current crisis in this country. We have fallen into a vicious cycle over the last few decades where health insurance premiums have become too expensive for even middle class families to afford. This in turn results in the inability of the uninsured to cover medical expenses which often results in the financial ruin of the family, and in turn results in continued loss of income by the medical community, which in turn drives up the cost of medical expenses. higher, eventually cycling back to insurance companies which must then push health insurance premiums higher to help cover rising health care costs.

Many proposals have been floated by politicians on both sides of the island from promoting health care that is comparable to the Canadian system, to supporting health savings accounts and cracking down on frivolous lawsuits against the medical community. Many of these proposals have their good points, but along with any good points they bring, they also bring big downfalls. For example; a socialized national health care program would eliminate the need for joint health insurance and the cost would be covered by taxes, which in theory doesn't seem like a bad idea. 

However, the drawbacks of this system include the deficit of new doctors who are willing to enter the field due to the inevitable decline in income while demand will grow because there is no personal responsibility. In short, if people don't have to worry about deductions or co-payments that usually prevent the person from seeking medical care for petty things, they will simply go to the doctor whenever they are sick or sick. So now we have queues for people with major health problems because everyone is scheduling appointments while at the same time we are losing doctors due to lack of incentives.

The current battle cry by the republican Bush administration is to push for HSAs (Health Savings Accounts) that reduce premiums by taking out cheaper deductible health insurance plans with tax-deferred savings accounts that earn little interest on the side you contribute. with your premium every month. Any money withdrawn from a savings account for eligible medical expenses is considered "tax-free," and unlike flexible expense accounts like many people familiar with employer-based plans, you don't lose money you put into accounts you didn't use. 

Basically if you never use the money in a savings account, you can withdraw or move it to another vehicle after you convert the 62 1/2 penalty free to use for retirement. This is a viable option for some, but for many, the premium for this plan is still too high, and the problem remains that if you need major maintenance in the first few years of the policy, you won't have a sizable amount in the future. a savings account to help cover the gap leaving the person responsible for most of the expenses out of pocket.

Now we come to what I believe to be one of the biggest problems from a health insurance agent's point of view, namely the inability of people with pre-existing health conditions to get coverage. Of the number of people who contact my office seeking health insurance coverage, I have to say that about half of them have a health condition that would result in the insurance company rejecting the person's application, or result in a driver amendment that essentially excludes coverage for any claims related to these conditions. 

Examples of conditions that I often encounter are hypertension or high blood pressure. This condition will sometimes result in the company rejecting the application altogether if other factors are involved, but most commonly result in motorist exceptions to the amendment. You might think that this isn't a big deal anyway, blood pressure medication is the only thing they have to pay for themselves but what many people don't realize is that these riders will exclude ANYTHING that could be considered part of this condition including attacks heart disease, stroke, and aneurysm all of which will result in great losses. 

Consider the fact that my dad had double by-pass surgery recently which ended up in a final bill of around $150,000. This entire amount would have to come out of pocket should he have a hypertensive driver on his health insurance policy, not to mention the additional cost of 2 months off work thrown into the mix. With a modest income of $40,000 per year, this would be devastating financially.

So how do we fix this problem? It's clear the proposals so far have been flawed from the start, and even if one of these plans had the support of the American people it's likely that it would never be passed into law simply because of political infighting. One side wants to keep healthcare privatized while the other wants to socialize it, which as we discussed earlier has its advantages and disadvantages. It seems we are destined for this problem and there is no real idea or light in the tunnel, right? Maybe not, let me tell you about a client I had in my office a few years ago.

A young woman came in wanting to compare health insurance plans to see if there were options for her and her family. He has several children and has been on Title 19 Medicaid and has gone to college paid for by the state. He had just graduated from college and found a job with the local school system, but for whatever reason he was not eligible for health insurance benefits. Obviously he still couldn't afford 5 or 6 hundred dollars a month for a plan, so he went back to the help office and explained the situation. They ended up working with us to find an acceptable private health insurance plan and reimbursed it for a percentage of the cost I didn't even know was possible!

This got me thinking, considering how many more people could be covered if they could be reimbursed by the government a percentage of the premium according to their income. As an example; Take a young married couple in their 20s with one child, let's say their family income is $25,000 and the median premium for a $500 deductible health insurance plan for them is $450. For example, let's say the government stipulates that a family of three with an annual income of $25,000 is reimbursed 50% of their premium by taking the actual cost for the family to $225 per month. This is now a pretty affordable premium for families to consider.

By combining private insurance with government assistance, we get the best of both worlds. Of course the next question is cost, how much more will it cost American taxpayers and how much will it raise taxes? I don't think that it will cost taxpayers more and this is why I think that: First, we will significantly reduce the number of uninsured people who cannot afford the medical care they receive in turn lower the total cost of health care. 

Both the number of people forced into bankruptcy and pushed into Medicaid Title 19 assistance due to medical bills stemming from catastrophic medical conditions that do not have health insurance coverage will be significantly reduced. This is important to remember given that once a person is on Medicaid they receive essentially 100% government covered health care so there is no longer any incentive not to seek treatment for mild or non-existent conditions. 

On the other hand, many conditions that were not covered before they became severe because a person did not seek treatment because they did not have insurance coverage, will now be caught before turning into a disaster claim. Finally, if the government allocates some money to help cover claims by people who have pre-existing conditions, private insurance companies can waive exclusions and disclaimers due to pre-existing health problems, this is already done in some states such as the Iowa HIPIOWA Comprehensive Plan which cover Iowa residents who cannot find shelter elsewhere.

You may be sitting there thinking that this is all wishful thinking and that these ideas will never work, but all of these ideas have been implemented. The problem is that only a few states have some programs and even most health insurance agencies don't know that some low-income families can get reimbursed for health insurance premiums. If all of these programs were standardized and implemented at a well-publicized national level, I believe it would make the uninsured population of the country very disturbed. 

Now I don't pretend to know what the replacement rate should be for what income level, but I do know that anything is better than nothing, and in my opinion this is the best middle ground we could find. Democrats will be happy with the socialized aspect of reimbursement, and republicans should be happy that health care remains privatized giving this solution a better chance with by-partisan support.

I've faxed this idea to several senators and congressmen but have always received the same kind of standard response about how they care about health care and that they're working hard to find a solution knowing full well that no one actually reads the letters. I. The only way to get these ideas out to the public is for those of you reading this to share them with others by word of mouth, by email, or by linking your website to this webpage. 

If enough rumors are created than these ideas will get the consideration they deserve, and if enough people like you and I demand solutions are found than perhaps enough pressure can be put on politicians to get things done. The number of Americans who are uninsured will only go up, health care costs will only go up, and the cost of health insurance premiums will only go up if something isn't done now! Until then the only thing I as a health insurance agent can do is to compare all the options out there and present you with the lesser of all crimes, which in most cases the chosen option is the biggest crime. go unprotected.

That's New Tips And Idea  To The Health Insurance Crisis In America

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