State of health-care in America and Canada

Around 50 million Americans today are uninsured or inadequately insured, thanks to the economic downturn and the rising unemployment. This is quite a distressing condition as Americans are not the healthiest of the lot compared to Britons, Canadians and citizens of 27 other nations according to survey reports. Most of the uninsured individuals fall into the category of having lost insurance due to losing jobs or simply the unaffordable class who cannot afford to pay high deductibles and high co-insurance. Canadian health care system has its own hiccups as there are doctors’ shortage in many areas, long waits for some […]

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Complaints handling information access for consumers

The Financial Services Authority � FSA, has come out with proposals to enable individuals to view how the complaints are handled by the firms. Details like the number of complaints opened, resolved and other information of products and services offered by the insurance providers would also be made available. The reports of the insurance sector may be published twice a year (at an interval of 6 months) and meanwhile intermediaries and insurers are free to publish their respective data with regards to the complaints. This step is expected to educate people on the frequency and nature of complaints and also […]

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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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Floridians risk losing health insurance coverage

Due to the health reforms proposed by the government, more than 3,000 individuals in Florida are expected to lose medical insurance coverage every week. The uninsured figures may reach more than 5 lakhs by beginning 2010 as the clock ticks to the end of the year. The cause of this could be the economic crisis which has reduced the spending potential of people coupled with premiums which have skyrocketed to unbelievable highs in the recent past along with the considerable increase in the cost of health care and hospitalization expenses, not to leave aside doctor consultation fees. In just a […]

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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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Government-run health care concerns

As major overhauling of health reforms is going on, we take a look at the scenario of health care run by the government. For generations, European government has taken good care not only of citizens but also immigrants. Emergency care and free treatment in case of medical emergencies can be availed both by citizens and also non-residents. Some of the best hospitals have been found in Europe and the country has been immensely successful in fighting widespread problems like heart disease and obesity. But the European system has its own pitfalls. The public health care systems are used like a […]

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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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