With Health Iinsurance Costs rising by Double Digits, whom do

With Health Iinsurance Costs rising by Double Digits, whom do we Blame?

Health insurance has always been pretty expensive; but how much would you feel health insurance costs have gone up over the last 10 years? The official figures say that our premiums today are twice what they used to be in the year 2000. Why, our health insurance costs have gone up by about 20% over just the last month. Those who opposed the health-care reform law are likely to seize on how expensive premiums are today and put the blame on the law. The insurance industry though knows that health-care reform has nothing to do with it. It's just the same thing as always - the cost of care is rising and there are too many people who need care.

The hardest hit have been small businesses around the nation. Take New Hampshire, for instance. In the health insurance industry, the Live Free or Die state is known as about the healthiest in the land. And yet, the insurance market here can be quite difficult for small businesses to handle. Almost all private employers in the state are of the small business variety they employ no more than 40 or 50 employees each for the most part. These kinds of businesses have a real problem when their premiums rise and when they have few alternatives. Any company with 20 workers in this state has absorbed an extra 20% in health insurance costs this year; any company with fewer than 20 employees has absorbed a 60% increase. It's just an unbelievable kind of burden to place on small businesses. Of course, the health insurance companies don't know what to do themselves - hospitals charge that much more for their treatments these days.

You could fairly attribute a little bit of the increase to the new health healthcare law. For instance, the new law requires that hearing aids and autism be covered. That makes health care more expensive for all. And then, the new law requires that preventive doctor visits the coverage too. That adds another percentage point. But there is nothing in the health-care law that could cause the kind of skyrocketing costs we are seeing (or the shrinking coverage). There are people with good jobs and health insurance coverage who skip essential medicines for heart ailments or blood pressure today because they can't afford the deductibles.

In three years, every state will have a central market where consumers can just go and sign up to bargain with health insurance companies as a group. That ought to try prices down by a few percentage points.

You have read the best review article categorized by best tips and the title With Health Iinsurance Costs rising by Double Digits, whom do. You can bookmark or spread this post by using this URL https://besttipsto.blogspot.com/2012/07/with-health-iinsurance-costs-rising-by.html. Thank You!