The impact of one hour of sleep on health care costs

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Daylight savings time strips drivers of one hour of sleep, causing a surprising and costly result. One hour of sleep may not seem like a tremendous amount, but as the majority of the country grumbled over having to “spring forward” with daylight savings time, health care costs saw a notable, short term spike that will only repeat itself at the same time next year. Many studies continue to show that even one hour of sleep can have detrimental effects. At the same time that the majority of people do like…

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Health Care Reform: The Real Issue

health insurance deadline enrollment

Everywhere someone is talking about Health Care Reform… politicians, consumer groups, and the media.  Big insurance carriers have become a target and are disparaged repeatedly for continuing to raise premiums.   While everyone focuses on health insurance reform, no one looks at what causes these sky high increases:  the rising cost of health care.  According to the Centers for Medicare and Medicaid Services, by 2019 health care spending will near $4.4 trillion.  The California Health Care Foundation reported that health care spending is rising three times faster than inflation.  Additionally, Medicare spending is…

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Insurance news from China shows expansion of health coverage

China Health Insurance agents

Chinese medical protection will be broadened to make sure that the sick can afford care. The latest insurance news from China is that the country has now announced that the national health coverage will be experiencing a notable expansion by bringing private insurers into the fold so that more major diseases will be covered. The goal is to shrink the mortality gap between urban and rural residents. It is also hoped that this will help to keep costs to a minimum. According to the Chinese health minister, Chen Zhu’s statement…

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How Much Money Will I Need to Retire Just for Health Care Costs?

long term care insurance trends

A 65-year old couple that intends to retire this year will need $240,000 for their medical expenses. An analysis released by Fidelity to answer the question “how much money will I need to retire just for health care costs?” has shown that a couple who is 65 years old and intends to begin retirement in 2012 will require approximately $240,000 to pay for the medical expenses they will incur over the rest of their lives, if they do not have employer-provided retiree coverage. This is an increase of 4 percent…

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Study shows that states could see major benefits from establishing health insurance exchanges

A new study from the Urban Institute, an organization that investigates social and economic problems in the U.S., suggests that Oklahoma, as well as 14 other states, could see major benefits from establishing a health insurance exchange. The study shows that, at this point, Oklahoma has done the least to make progress on the project, apart from states that have refused the law completely. A health insurance exchange would have a significant economic impact for the state and its peoples, according to the Urban Institute. Over the past year, three…

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