Health Insurance Costs

Written a year ago, this blog post is still relevant. For more posts on healthcare reform, click on in index to the right.

Health care costs are up at least 5% from last year. Health insurance is up from 6% to 40% or more! This means that health insurance company profits are up. Check the earnings. Their profit is up even with decreased net income and higher medical costs. Almost 100 million people are paying off medical debt while insurers rake in piles of profit.

Hopefully President Obama will allow exemptions from medical debt, and allow capped prices on insurance premiums without regard to pre-existing conditions. Health insurance companies should discontinue lifetime limits on health coverage. At an $100,000 lifetime coverage limit, one or two major surgeries or a chronic disease with complications your coverage could evaporate in a year or two or less.

More consumer protection is needed. Protection with lifelong health membership would be optimal. The national health plan, National Health Insurance Exchange, will likely make this a reality giving all the privilege of being insured as securely as our President and Congress.
With a premium of $1000 month, your payment for one year is $12,000. This should be enough to guarantee lifetime coverage. After all, your insurance premiums are giving insurance companies lifetime profits.

by J. lL. Richardson, MD, family medicine doctor and author of Patient Handbook to Medical Care: Your Personal Health Guide.

http://www.mypatienthandbook.com/
www.twitter.com/MD4U