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Posts Tagged ‘Health Insurance’

Research Study: Increase on Health Care Cost

Monday, October 5th, 2009

On the next 10 years the increase of uninsured people will increase by 30 percent in the 29 states of the U.S. this is according to the new study that was released last Wednesday.

Robert Wood Johnson Foundation ordered the Urban Institute to do a research on what will happen just in case there will be no health care reform that will be endorsed.

On the research, it is pointing out the status of the reform is really unstable according to Bowen Garrett who is one of the authors of the report.

The main expenses are the increase on the cost of health care that affected private employers to pay insurance premiums. As the premium is getting higher the employer are thinking if they will continue to cover health care insurance for their employees.

The researchers have created different scenarios that may happen; these scenarios are increase in health care cost, intermediate case and best case scenario.

Researchers created three different scenarios to avoid bias: A worst case, intermediate case and best case scenario measured income growth and increases in health care costs.

In any case the researcher have analyze and that there will be a great economic damage and businesses in all the states of the United States which also include District of Columbia if the reform is not passed.

As an example scenarios that are predicted that might happen is that employer might have an increase in paying premiums and have an increased of 61.1 percent in Ohio, 63.1 percent increase for Kentucky and 67.4 percent increase for Indiana.

Chief Minister Setting Up Healthcare Commission

Thursday, September 24th, 2009

Punjab Chief Minister (CM) Shahbaz Sharif said that he is setting up a healthcare commission and making sure that it will be fully self-sufficient in financial affairs and administrative.

Chief Minister is setting up a commission that will innovate the health sector and for the stipulation of modern facilities for treatment to the public. He also said that the commission is already finalizing the draft that will be use to establish the commission and it will be presented to the cabinet for the approval.

He also added that health insurance must be applied widely so it can offer medical facilities to those who are in need and provide services by leading consultants must be obtained in providing medical service to the common people. The arrangement of the commission will surely give way positive outcome and presentation of private and public hospital will also improve which will result the best quality service in health facilities for the public.

Chief Minister said that the commissions will also a big help in resolving issues of many hospitals that include shortage of medical facilities. He also said that government must take radical process to strengthen health sector and financial support has been due to develop healthcare service this year.

Everyday Cheapskate: Cost Cutting Health Care Expenses

Thursday, September 24th, 2009

Health care cost in America is really getting higher; in fact there was an 18.96% increase on some health insurance premium which resulted to cancellation of insurance by those who can not afford on the increase.

But of course there will be a big risk in canceling health insurance and you might not tell in the future that you will need emergency funds regarding health issues. Instead of doing cancellation, you can try doing other options you can have to have a cheaper insurance premium for your family. You may ask a quotation from different health insurance in your area and see which of them offer lower premiums.

There are health insurance company that give discounts, this is through negotiation with health service providers that has lower medical bills. As the Foundation for Taxpayer and Consumer Rights, health care services is negotiable especially if you do not have insurance or if you are paying high taxes.

You can ask for a discount especially if you will be paying cash or if you will pay upfront fees. Thus, a 10% discount is reasonable enough.
And to cut off your hospitalization bills, if you will be undergoing minor surgeries and tests ask your physician if you can be outpatient on the next day.

There are those walk in clinic that take insurance where their fee is much lower than those known hospital and medical centers. So if you will experience minor pains like sore throats or earaches, there are walk in clinic such as CVS or Walmart that can help you cut off your medical expenses.