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The Uninsured

The Uninsured. What we know now…. After doing all of our practice calculating insurance costs, it is obvious that having health insurance saves a significant amount of money. What about the 18%?. Approximately 18% of Americans are without health insurance That is ONE in FIVE!!.

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The Uninsured

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  1. The Uninsured

  2. What we know now….. • After doing all of our practice calculating insurance costs, it is obvious that having health insurance saves a significant amount of money

  3. What about the 18%? • Approximately 18% of Americans are without health insurance • That is ONE in FIVE!!

  4. Why are so many Americans uninsured? • Cost is the #1 barrier to purchasing coverage • Self-employed • Employer-sponsored healthcare is not offered • Can’t afford coverage even with employer contribution • Unemployed • COBRA: Consolidated Omnibus Budget Reconciliation Act • By law, if you lose your job, you can still elect to continue your health insurance from your work for a limited period of time (18 month) • 18 months are up and still unemployed? Lose coverage.

  5. Pre-existing conditions • Examples: Cancer, diabetes, high blood pressure, asthma • Some insurance companies may refuse to insure you • Remember, it is a business: if you already have an illness, they KNOW they will have to spend money on you! • Some insurance companies will agree to insure you, but your premiums may be extremely expensive or they may stipulate conditions of your coverage • Ie exclusion period, refusal to pay for things related to your preexisting conditions • This will be detailed in your plan • (This is illegal with the new legislation….we will talk about the details later)

  6. Who are the uninsured? • Highest risk = below the poverty line • Family of 4 making less than $23,050/year • Undocumented immigrants • 20% of the uninsured • Highest uninsured rates are in the West and South

  7. What are the implications of lack of insurance? • Health providers can choose not to provide care to the uninsured • Emergency rooms are required to screen and stabilize all individuals under federal law • Receive less preventative care and recommended screenings • Higher risk for preventable hospitalizations and missed diagnoses • More likely to postpone care or foregoing needed care

  8. Medical debts contribute to almost half of all bankruptcies in the United States

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