Healthcare is one of the biggest problems in the country. Every day, millions of Americans are going without quality healthcare. This report will address the problem and show you a simple solution to get immediate savings on many of your medical and dental expenses, even if you are uninsured or underinsured.
If you watch TV, read the newspapers, or surf the internet, you’ve seen the topic of healthcare in the media. It seems there’s something in the media every week about the topic of healthcare. The United States of America has one of the best healthcare systems in the world and yet so many people in this country go without quality healthcare.
It’s getting harder and harder to afford good healthcare
Recent studies show that there are 44 million Americans with no health insurance. In addition to this, there are 70 million people that are underinsured. The federal government is constantly working to solve this growing problem, but unfortunately, it increases year after year.
The federal healthcare plan never got off the ground
The best effort so far was an attempt to create national healthcare for all Americans. Congress refused to approve this proposal and the issue has been on the shelf for several years now. Maybe one day a national healthcare system may surface, but no time in the near future.
Then individual States tried to fix the healthcare system
After the federal government’s attempt to regulate healthcare was placed on the back burner, more states created their own state-specific healthcare regulations. Today, there are hundreds of regulations nationwide for healthcare. The more regulations each state requires, the more the cost for health insurance goes up, making it harder for people to afford.
Over 1 million people filed bankruptcy in 1999… 40% of them were related to medical bills!
Just two years before, in 1997, only 28% of the bankruptcies were related to medical bills. What’s happening here folks? Why the dramatic increase of bankruptcies due to medical bills? Why is this happening in a country that has one of the best healthcare systems in the world?
The uninsured vs. the underinsured
Harvard law professor, Elizabeth Warren, did a study about the rise in bankruptcies due to medical bills. The results of this study revealed that most of these medically related bankruptcies were filed by people who actually had health insurance.
She stated that underinsurance was a far bigger problem, as opposed to people who were not insured. No health insurance plan is designed to pay for everything. There are always limitations, exclusions and waiting periods that will leave you financially responsible for these out of pocket expenses. Unfortunately, many health insurance policyholders neglect to review these issues and are surprised at the time of their claims. As a result, they get whacked with an OOPS! – Out-Of-Pocket-Surprise! – which often means bankruptcy.