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…
Read MoreTag: can’t afford health insurance
New health insurance survey reveals an alarming rate of uninsured Americans
A new health insurance survey shows that more than 9 million adults lost their health insurance coverage due to job loss in 2010. The Commonwealth Fund 2010 Biennial Health Insurance Survey, which was released Wednesday, estimates that 57% of people in the country become uninsured because of the recession. It paints a grim picture for millions of families reporting who have been stricken by job loss. The ailing economy had made it difficult to find work, particularly employment that offers benefits. Despite a recovering economic climate, families are still at…
Read More