Nearly one-fifth of emergency care patients are uninsured!

In the year 2006, nearly 120 million patients required emergency medical help. However, about one fifth of this population were not covered under any health insurance policy. Two predominant types of people fell into this category – rural inhabitants and patients occupying the low-income strata of the society. The economic situation and unemployment has forced many Americans to give the health insurance coverage a backseat. People do not take timely treatments for their illnesses due to unaffordable health care costs and finally end up in serious health complications requiring emergency intensive care. Hence, if the health care reform caters to […]

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The concept of Health Insurance Exchanges

As the health care overhaul is on its high in the US, one of the new concepts being considered is the introduction of health care exchanges which is supposed to work on the lines of providing a on-stop-solution for all insurance and insurance-related issues. If the health care exchanges are rightly executed, it is expected to hugely transform the way the whole insurance industry sector operates. It may also give a huge boost to the purchasing power of the customers. This would be a blessing to small businesses, which is trying to cope up with the rising health care costs […]

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Kids Insurance is put on hold at California; New Hampshire expands insurance coverage

The decision of cut back on health insurance for small children has been put forth at California. In contrast, New Hampshire has extended the state insurance coverage to include young adults. Since California has decided to free enrolment for the Healthy Families program offered by the state, thousands of kids in California would not be covered by a health insurance plan. Statistics state that currently about 1 million kids hailing from low-income families are covered under Healthy Families plan. But in 2010, more than three and a half lacks kid would end up without health insurance plan coverage. With this […]

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Saving potential by private and public health insurance policies

There is a huge debate about the overhaul of the health care system in the US. Though the responses from various sectors have been mixed, reports state that including an option of government-run public insurance along with the existing private insurance policies would reduce the administration costs by around $265 billion within a span of 10 years between 2010 and 2020. Less than $1 trillion of federal budget costs has been allocated for a period of 10 years for the purpose of reforming health care legislation for 10 years. To stick to this budget, it is very important to have […]

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Health care costs to rise further next year

With the threat of unemployment lingering across the world, thanks to the global economic downturn, health care costs are expected to increase by about 9% next year which is going to further hit workers who still face ambiguity in their job security during the current market downturn. Those workers who are insecure or unclear about losing their permanent jobs are using the health care benefits more while they are still under employment which is raising the medical costs incurred by the organizations and also the insurance companies. The health care reforms that is currently under discussion is expected to only […]

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Change your insurance plans instead of completely backing out of insurance coverage

Individuals who want to reduce the expenses of insurance coverage can diligently look at changing the plans instead of completely eliminating the expenses incurred for coverage by allowing the policies to lapse. For example, short-term coverage may be opted for until the financial condition improves and the market picks up. Some groundwork can be done on the insurance policies over the internet and the prices can be compared. In some cases, changing the insurance provider may help you save a few bucks and it may not be a bad idea. In case you have opted for different insurances for different […]

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Affordable Health Insurance Plans for College Graduates

Reports have been released that around 1 million college alumni have dropped out of insurance coverage from their parent�s health insurance. Since they are generally short of money for heavy investments, they tend to opt for affordable health insurance plans that would provide suitable coverage in case of medical emergencies. Health insurance obtained through employers is generally affordable by fresh graduates. However, during the current economic crisis they find it really difficult to even get a nominal paying job. The unemployment rates of these fresh graduates are high in the current scenario of global economic crisis. Though they are recruited […]

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Expensive living at old age for challenged individuals

One cannot really imagine the living costs required by a challenged person to survive in an expensive place like Los Angels. It can cost much more than the annual income of an average individual if the individual is in put under in-home care services. In addition, the expenses incurred for long-term care along with other basic needs like accommodation and food would result in higher cost which may not be easily affordable by a normal working class family. Since the average life span of an individual has increased, any country’s most vulnerable citizens are its seniors especially if they are […]

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Long Term Health Care Plans

Reports have been released that the Americans can purchase long term health care insurance from the government for about $65 a month. In the long run, this health plan is expected to be highly beneficial for those disabled people to pay for the services where they require support by remaining in their own homes instead of shifting to nursing homes for assistance. Individuals can enroll into this long term medical insurance plan for best benefits from their early working years and start paying nominal premiums. Once they continue to pay premiums for 5 years continuously, they can avail health care […]

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Medicare Prescription Drug Plan Revisions

The Medicare Part D plans have changed the documentation regarding the updated cost and coverage of prescription drugs. There are significant changes in the policies and benefits as compared to the year 2006. Medicare Advantage drug plans still continue to offer coverage for some of the drugs under few brands. This limited coverage puts the enrollees to pay substantial costs from their own pockets and hence, many of them have resorted to changing their drugs. Medicare drug plans have a huge number of enrollees. While 17.5 million are registered for stand-alone prescription, 9 million are registered with Medicare Advantage drug […]

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