A new report from the National Bureau of Economic Research shows that the recession of 2007-2009 had a major impact on the number of adults who had health insurance in the U.S. The report notes that the recession was the most severe and disruptive financial crisis faced by the U.S. in recent history. The economic impact of the crisis was widely felt and its affects linger today. In the health insurance industry, the recession claimed more than 9 million health care policies, leaving former policyholders without insurance coverage for the…
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Almost 20 percent of Californians don’t have health insurance
New statistics released by the U.S. Census have shown that many Californians are going without health insurance, as almost one in every five did not have this coverage within the last three years. This is one of the highest rates of uninsured individuals in the country. According to the census, from 2008 through 2010, 18.9 percent of the residents of California – nearly 7 million people – did not have any form of healthcare coverage. The same census showed that the national average during that same period was 15.8 percent.…
Read MoreA news study shows the costs of health care are rising as well as uninsured rate
A new report from the Commonwealth Fund, a nonprofit organization championing a more efficient health care system, shows that as the costs of health insurance rise, the number of people with health insurance plummets. The report cites growing tensions within the economy as consumers struggle to cope with higher costs of living and widespread job loss. In 2010, the organization estimated that 29 million people did not have health insurance, a number that had been 16 million seven years before. Among those losing health insurance coverage are those with jobs.…
Read MoreInsurance statistics for 2011 look grim
According to a recent survey, a large percent of the 50 million people in the U.S. who are uninsured, have practically no savings. On the average, families with no insurance can only afford to pay off about 12 percent of their total hospital bill. The uncompensated cost of care (health care the uninsured can’t pay) is more than 70 billion dollars a year. Another survey shows that last year 75 million adults did not get health care they needed; they skipped doctor appointments, went without prescription medication, didn’t go to…
Read MoreRecent study finds uninsured Americans not just in low income bracket anymore
The U.S. Department of Health and Human Services has released a new report recently. The report highlights the existing financial problem inherent in the health care system for those unable to afford appropriate insurance coverage. The HHS found that uninsured families are only able to afford 12% of the total cost of hospital stays and medical services. While the findings may not be surprising when attributed to low-income families, the report specifically singled out high-income families, showing that medical costs may be getting out of hand. Of the country’s 50…
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