Affordable Care Act could bring financial trouble to 6 million

transaction account guarantee program

Report suggests Affordable Care Act provisions may create some financial stress for consumers Analysts from the Congressional Budget Office have released a new report concerning the effects that the Affordable Care Act will have on U.S. citizens. The health care law has been the subject of controversy for the past two years due to provisions that some states consider to be unconstitutional. Though the health care law has been challenged and upheld, those opposing the law are still looking for alternatives, claiming that the law will bring with it profound…

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Census report shows growth in health insurance amongst Americans

Health Insurance rate increases

Census report aims to shed light on insurance controversies The U.S. Census Bureau recently released a report providing rankings to states based on the number of people that have access to health insurance coverage. The report showed that, in many states, a large portion of consumers were still lacking health insurance coverage. The Census report has since been used as a way to generate more controversy over the country’s new health care reform law. The Census Bureau has issued a new report, which was released earlier this month, documenting the…

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States without health overhaul plans contain 75 percent of uninsured Americans

According to an analysis performed by the Associated Press, three out of every four Americans who do not have health insurance are residents of states that have not yet established how they will be meeting the requirements of the healthcare overhaul. According to the same analysis, the largest medical coverage safety net in American history is progressing, but is doing so in sudden sharp leaps and pauses. At the moment, according to insurance coverage data provided by the Urban Institute, a nonpartisan group, the country is in a truly patchwork…

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Groupon deals could be beneficial for those without insurance coverage

The number of uninsured Americans may be high, but their ability to save money on medical procedures has never been easier. For years, insurers have been raising rates on coverage claiming that the cost of medical care is spiraling out of control. All states are required to build health insurance exchanges – virtual marketplaces where consumers can find affordable insurance coverage – but these programs are still two years from being enacted in most states. For those without insurance, a new way to obtain medical care at a low price…

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As people lose their health insurance, the number of emergency room visits skyrocket

New figures about hospital use have shown that there has been a sharp increase in the number of visits to emergency rooms, and that – according to physicians – the rising numbers are the result of an intensifying demand for improvements and services that would permit emergency departments to provide patients with faster treatment. Early estimates from the U.S. Centers for Disease Control and Prevention have shown that in 2009, the number of emergency room visits increased by nearly 10 percent, which was the most significant rise in visits since…

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A 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.…

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Health insurance survey shows many continue in an uphill battle against medical bills

A recent study found that in 2010 there was around 40% of Americans claiming financial hardship with paying medical bills. In 2005 it was 34%, thus presenting a 6% rise in just 5 years. An easy problem to pick out for increased spending would be the lack of insurance coverage, but Patricia Herman, an economist at the University of Arizona, says that financial ruin caused by an injury or illness may not be prevented by health insurance.  A study was conducted and can be found online in the August issue…

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