Monday, October 8, 2018

CHEAP HEALTH INSURANCE MAY BE UNDERINSURANCE


Maybe this is an unnecessary statement, but it's a point to give people a financial safety net. In the event of an emergency or disaster strikes, the insurance company will pay for the fight. However, pressure has continued over the past decade because of the rapid rise in medical costs and the price of important pharmaceuticals. In fact, insurance companies are too fast to keep up with all the increases for policy makers. It is difficult to raise premiums while the economy is running well. It is not possible to raise premiums if the depression is carried out by national commissioners without examining insurance and other people's complaints. There are times when insurance companies can not get more blood from stones and sacrifice their profits. This has allowed the medical community, hospitals and clinics to win the championship, and the profits of the pharmaceutical industry continue to increase despite the economic downturn. At the other end of the spectrum, the patient is a loser. There are those who look for small prints in policies that refuse to conceal their illnesses. Savings are not enough to pay deductions and co-payments. And there are people whose policies are canceled when claiming a chronic illness or disease.

There is a new study by the independent non-profit Commonwealth Fund. The 2007 survey was conducted in detail among 2,600 people aged 19 to 64. Analysis of insurance coverage shows that 20% is underinvestment. Why did this happen? This is because you spent more than 10% of your income on health insurance with premiums, deductions, or both. If underinsured is added to uninsured people, this represents 42% of US adults. People who are less insured, like people who are not insured, are forced to think twice before treating or refusing more than half of their treatment debt.

It focuses on uninsured people in promoting health care reform. However, it did not recognize the injustice experienced by uninsured people. No one should choose the possibility of rejecting the necessary care and bankruptcy. So it will be an exciting year for reforms to take effect slowly. Both the poor and the middle class have to buy cheap health insurance as a fairly comprehensive insurance. This will put the pressure on the insurance industry because people will be denied the right to deny insurance to people with existing conditions and will be creating group health insurance for those who have struggled to find a reasonable plan. The key to success in all these aspects is the ability of governments and insurance companies to control costs effectively. President Obama has been negotiating with the pharmaceutical industry, and there are several agreements to keep Medicare and Medicaid prices down. The nonprofit healthcare industry also saw a zealous understanding of the price increase and helped the administration. If some pressure is removed from the insurance industry, the premium rate should stabilize and the reform must provide a more equitable system for everyone with health insurance. We can do our best while waiting for what will happen.


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