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SolveYourProblem
Article Series:
Health Insurance
Not
Carrying Health Insurance? Benefits and Risks
With
so many people at risk of not being able to afford or keep
health insurance in today’s society, there
is a greater need for America to nationalize health care. Over
43 million American either have no insurance or face the risk
of losing their medical insurance. If doctors, hospitals
and health care delivery systems under the direct control of
the
government than the big business market, medical cost would
be much better and reasonable. However, it is risky for everyone,
doctors included. Many doctors make lower salaries now due
to high malpractice insurance and expenses from medical school.
But realistically the economy would grow. With more money saved
on medical costs, consumers are free to buy more in all the
economies options. Most businesses would flourish with the
exception of the ones dealing in health insurance. Then again,
there are literally dozens of other types of insurance that
people purchase and can still bring in revenue.
As
the number of uninsured Americans grows, the health system
will go into
debt anyway. If people cannot afford insurance,
they also can’t afford to pay their medical bills. An in
an emergency room, no one can be turned down for lack of
ability
to pay. Some hospitals are finding that they are biting a
lot of money on these people. One option to keep things available
and people getting paid is nationalized health insurance.
This
makes health care available to all persons and puts the entire
health care industry under the control of the government.
The traditional American health plan fee for service allowed
its
clients to choose their own doctors, hospitals, and other
providers. If a member wanted to see a specialist they just
went. Additionally,
it was not the insurance company's place to determine whether
a trip to a specialist was needed. After all, how would they
know, they were not doctors. While the fee-for-service coverage
appears a great option, it is not necessarily, what it seems.
Usually, a traditional policy will include more out-of-pocket
expenses then managed care plans. More than likely, the deductibles
are unbelievably high and after the deductible is paid, the
insurance company will kick in, usually paying 80 percent
of the bill. People should have the freedom to see the doctor of their
choice, but keep in mind that the insurance company will often
only pay expenses they deem to be reasonable and customary,
meaning they look at the rates of other local practitioners
and what they would charge for the same treatment. An average
cost is determined, which is the amount the insurance company
pays. That does not mean you pay the overage, although it can,
usually the doctor eats the difference. For example, if you
had a treatment that cost $1,000 but three other practitioners
in the same area only charge $600, the insurance company will
not pay more than $700, which is the average of the four practitioners.
Traditional healthcare premiums can be higher than other types
of plans. On average, a policy for one employee per year, the
price would be $3,850, with that number on an uphill climb.
For costs that are out-of-pocket, deductibles range anywhere
from $350 to $1,250. For an insurance policy to work for the
employee, the deductibles have to be affordable.
Some
policies will limit the amount of coverage based on a particular
health condition. Be sure to check
the fine print
for long-term illnesses and any restrictions that apply. You
also want to read carefully regarding any pre-existing conditions.
Look for policies that provide a minimum of $1 million of coverage,
especially if you have a long-term illness where treatment
could become excessively costly. There is really no plan that
is a "one size fits all." If you use the insurance
from your employer, you may not have much choice. However,
if you are shopping on the market for health insurance, take
adequate time to find the best plan for your specific needs.
The amount of Americans with no insurance is increasing by
the day, and many employers are cutting benefits as well, which
makes it even harder to get reasonable coverage. The survey
says that the prognosis isn't improving. People are losing
confidence in the health care system and their ability to keep
their insurance. More than half the public is worried that
they won't be able to afford quality health care in the future. Click here to to view health insurance quotes, compare plans side-by-side and apply for the most affordable health insurance within your budget. I did this myself (June 17, 2011) to change my health insurance policy. Saved me $84 per month (or $1,008 per year). It's my SolveYourProblem recommendation.
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by SolveYourProblem.com
: 2006
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