Health insurance costs have nearly doubled in the last decade. In some cases, employer health insurance costs have more than doubled. The increase in health care cost has caused a "trickle down" economic policy for consumer's share of the health care burden. As costs have risen for employers, employers can handle price increases in three ways: # absorb the price increase # make benefit changes to offset the price increase # pass along cost increases to employees As the last decade has progressed, many employers have faced double digit increases each year. In the late 1990's, after a period of relative calm in the health insurance market, prices began to rise dramatically and employers were faced with the aforementioned choices to handle ongoing pricing pressure. So what does this all mean for consumers? Well consumers have been asked to pay more for the price of the health insurance in the form of more money being taken out of their paycheck. Compounding more contribution towards the cost, employers have introduced high deductible health plans that have shifted more of the insurance liability to the consumer. We call this a double whammy. Consumers pay more for insurance while paying more towards their deductible and out of pocket liability. Consumers are facing increased pressure to pay for more medical procedures straight out their pocket instead of the health insurer paying for some or all of the cost of many procedures. As consumers of one of the best health care systems in the world, the cost of health care does not come without consequences. These consequences equate to more cost to consumers and employers. We have access to new medical procedures, new and improved technology for treatment of diseases, a wide array of pharmaceutical products, the building of new hospitals and free standing surgery centers, lawsuits without boundaries, legislative mandates on what insurers must cover, uninsured patients and the list could continue on. When a health insurer packages all the great options together, the costs are bound to rise dramatically over time. So next time you look at your paycheck and wonder why the part you pay is so much, think about the components of health insurance detailed above. You can still scream if you want, but remember you have access to one of the best medical care markets in the world. ...
Do you know the Answer Please Sign-in Or register in order Answer this question?
... to this question is not because 47 million Americans cannot get health insurance. The answer is far more complex. There are millions of Americans who cannot get health insurance due to their health status. Americans with serious health conditions ar... more
...urance claims can be appealed by submitting the proper forms to your health insurer. If a claim is denied or paid incorrectly, in your estimation, every health insurer must allow you to appeal how the claim was paid.Your appeal may be denied but the ... more
...riven Healthcare has several key elements:* Consumers have access to information about providers and payers that would allow consumers to make informed choices* Payers share information about the population they serve, including population data broke... more
......lol no...no...no...no they get special health insurance for free payed but the american tax payer.... they got thier own personal hospital and doctors.....and it's better than the health care bi... more
...some companies where you can pay around $350 or more per year. The cost of health insurance will depend on what insurance company you take. It can also be determined by the policy you take. You can vi... more
...f health insurance varies greatly depending on* your age* your sex* any prior health issues you have* what type of plan you're purchasing (deductibles, coverage, etc)Some good sites for getting a quic... more
...of insurance? If it's home or auto insurance you have until the lenders find out and places forced coverage (remember, though, you cannot legally drive without insurance). Any other type of insurance ... more
...ational Insurance Company was purchased by American General life Insurance due to its multiple subsidiaries and operations. The American Insurance is a private company and was categorized under Chatte... more
...t the details of the owner of the specific car in question from the main registration body in your state. The associates of this organization will be in a better position to inform you on the ownershi... more