Many fall into gaps and holes of health-insurance coverage
Written by Unhealthy Hospitals
“Young adults are more likely to work part-time, or for employers who don’t offer insurance because of the cost; they’re paid low starting wages that leave premiums out of reach; or they simply decide to spend their money on other things — gambling they won’t be hurt in a car wreck, get seriously ill, or become pregnant.”
“For many, that bet is a loser, resulting in serious illness or a hospital visit that can leave them deep in debt and sometimes bankrupt.”
“In the end, everybody pays. Medical bills aren’t paid, so hospital and doctor fees rise for other patients, resulting in higher insurance premiums and more taxes to pay rising costs for such programs as Medicaid.”
“Health care today represents 16.6 percent of the nation’s annual spending — more than $2.trillion — and it is only expected to go up.”
“Overall, the higher costs are being fueled by an aging population that is living longer; wide use of new technology; skyrocketing prescription drug costs; the price of administering insurance programs; and increased spending on chronic diseases, obesity and illnesses related to smoking.”
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