Tag: cost of medical care

The Serious Illness Insurance Market Will Reportedly Hit $354 Billion By 2031!

Guest Author
serious illness costs going up

On a global scale, the serious or critical insurance market is reported to remain on a rise! Advancements in science and medicine makes it easier than ever for consumers to consider the possibility of having to live with cancer, heart disease or kidney failure during their lifetimes. By understanding more about common diseases, it appears that consumers are also wanting more insurance coverage to adequately address potential future medical emergencies. Allied Market Research was able to release their 2021 findings that clearly stated that the serious illness insurance market generated…

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Health insurance trends show many covered Americans still aren’t seeking care

Nordstrom
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Millions of people are skipping medical care despite the fact that they have a policy. A survey commissioned by the American College of Emergency Physicians provided notable insight into health insurance trends. Unfortunately, it has revealed that many people who have a health plan are skipping medical care. They are showing increasing discontent with the expense and quality of their health plans. Almost a third of survey participants felt their health insurance coverage had declined over the past year. Only 15 percent of the participants in the health insurance trends…

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One quarter of Americans with a health insurance plan found care too expensive

G. Turner
health insurance plans healthcare reform affordable care act

Despite the fact that they had coverage medical care was still cost prohibitive for one in four adults. The results of a study conducted by a consumer health group called Families USA have now been released and are showing that despite the fact that they had purchase the coverage of an insurance plan was present, over one in four adult Americans still made choices not to seek medical care because they felt that they could not afford it. This indicates that even though health insurance coverage may be growing, care…

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Study shows health insurance rates are rising at slow pace

S.Vagus
Health Insurance rate increases

Blue Cross Blue Shield report highlights state of health insurance rates in Michigan Michigan’s Blue Cross Blue Shield has released a new study concerning the pace at which health insurance rates are rising in the state. In Michigan, and many other states in the U.S., health insurance rates are on the rise. Some claim that this is due to the federal health care law that has caused a somewhat dramatic shift in regulations. Many insurers claim that rates are only rising to account for the cost of medical care. Whatever…

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John Hancock Financial raises rates on long-term care, sees backlash from consumers

S.Vagus

John Hancock Financial, one of Colorado’s largest insurance companies, recently raised rates for long-term care coverage significantly. Some consumers saw increases as high as 90%, while other saw increases of half that number. The rate hikes have sparked the ire of consumers who say that these new rates are excessive. The state’s Department of Insurance is not being inundated with complaints concerning the matter, though regulators claim that the rates are somewhat justified. Long-term care insurance provides coverage for those that must take advantage of nursing homes or various types…

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