Health Insurance: How We Can Make It Better

By: Gabriel J. Adams
Submitted: 2007-01-17 16:17:24
Print this article | Tell a friend | For publisher | Social Bookmarking
Rating:
 

You almost have to take out a loan to pay for health insurance these days. Even if your company pays for half or more of your premium, a premium for a family still runs at least two to three hundred dollars a month. This is ridiculous, especially for people that do not visit the doctor very often. However, everyone is worried that if they do not have health insurance, then they will need it and they will not be able to get the help that they need, or they will get substandard healthcare because they do not have insurance. Many factors have surfaced over the years that cause health insurance to continue to stay on the rise.

One of the major problems that cause health insurance to continue to rise is the amount of frivolous malpractice lawsuits that are filed against doctors every year. Even if a doctor does not do anything wrong, they still have to pay the court costs, which usually are paid for out of their malpractice insurance. And if a doctor does make a mistake they can pay ten’s of millions of dollars in damages. All of this causes doctor’s to pay more for malpractice insurance, which translates into higher costs to their patient’s so they can continue to survive. One of the best ideas I have heard to help combat this problem, is legislature that puts a cap on monetary awards that are awarded for punitive damages in these lawsuits. Anything over the cap will be given to the state to help pay for schools, roads, and other things for the community. This will slow people down who want to sue just to get rich quick, but will still allow people to sue if a wrong has truly been committed.

Another major problem that causes health insurance problems is the ability of health insurance companies to get out of paying the full amount requested by a doctor. Health insurance companies rarely pay half of what a doctor’s office requests, so the doctor’s office usually has to eat the lost costs. This causes doctor’s offices to raise their prices to help shoulder the burden of these lost profits. An easy solution would be to implement some kind of regulations that would allow doctor’s offices to collect the full amount for a visit. These regulations would force health insurance companies to pay the amount that doctor’s charge, thus lowering the prices of doctor’s visits for all of their patients.

You may not be able to transform the insurance industry today (and neither can we, unfortunately) but you CAN visit NC Health Insurance to get the best insurance for your money!

Article source: Expert Articles

Most Recent Articles in Insurance category

  • How to Find Proper Healthcare Coverage - By: Jennifer Hrycyk
    There a lot of things a person should consider before enrolling himself or herself in a personal health insurance program or signing his or her family up for a family insurance plan.
  • Trucking Authority - By: Tanner J.D
    Despite the setbacks presented by the skyrocketing prices of diesel and other petroleum products, the trucking industry is still reaping profits. Even if gas rates have pushed past the ceiling, companies and other enterprises still need trucks and rigs to get their merchandises delivered to their destinations.
  • Health care services through your individual health insurance plan - By: Charles Peter
    An individual health insurance cover, simply stated, is an agreement between you and the insurance firm, aimed at protecting you against any financial constraints on account of a medical emergency.
  • Latest Trucking Trends Show Increased Advertising and Technology Use - By: Tanner J.D
    Regardless of whether they operate with their BOC-3s or not, trucks and big rigs that traverse the highways of the United States have always been a staple of the American road.
  • Cheap Car Insurance Quotes - By: Ted Monit
    Finding cheap car insurance is important for many consumers. Even more important is finding cheap car insurance from a reputable company so you know your insurance policy will cover you when you need it.
  • Importance of Interstate Trucking or Transportation - By: Tanner J.D
    Despite the many advances in technology, interstate trucking or transportation is still a preferred choice when it comes to delivering goods nationwide. Practically all U.S. commodities are transported by truck at certain points in the distribution process.
  • Rating the insurance companies - By: David Mayer
    The article looks at the need for people to check out the financial strength of the auto insurance companies before trusting them with your business.
  • Health insurance from the employer's point of view - By: David Mayer
    The article looks at the rise in the cost of insurance to employers and notes that the smaller the number of people who are insured, the higher the premiums will be. Premiums only fall if more healthy people are insured.
  • Why does someone need life settlement? - By: Jacob Christopher
    One of the reasons why people need life settlement is because they may be terminally ill. A person may be having an insurance cover, but he can't recover money from the policy right now.
  • Insurance Companies Want You Dead! - By: Carson Danfield
    Think about all the medical advances that have been made in the last 50 or so years. We've developed new medicines and advanced surgical procedures. We've eliminated or greatly reduced many illnesses and diseases.