Health Insurance expenses are rising hastily. The cost of simple medicines, hospital care charges, emergency care and everything, has become a matter of worry. In the last twodecade and a half, the number of uninsured citizens has risen significantly as the rate of unemployment increased due to therecession. This has left individual reluctant to spend on medical and healthcare purposes.

With the functioning of Affordable Care Act (ACA) or Obamacare, millions of individuals have registered to sponsor health insurance and began using the coverage. This step has reduced the uninsured population to by 9 million. The ACA was strategized to increase the scope health insurance policy to those who need it by making it reasonable. U.S. Supreme court also has a provision stating that Americans should be covered by health insurance or will have to pay a fine, this made the initiative effective. Obamacare is the best-made decision in the recent healthcare system. 56% of the employed, uninsured Americans are aware of the provision whereas 43% uninsured are employed and unaware.

Factors affecting this situation

Individual policies are not just costly, but it lacks flexibility. Business and self-employed face hefty insurance prices, in the corporate positions the employer pays the provision for healthcare requirements. With self-efficiency comes the full premium that they have to pay to insure themselves and family.

  • Cost and affordability of the health insurance policy are a major reason for the uninsured problem; this is a result of aharsh increase in the health insurance policy costs in the last two decades.
  • Jobs are to be considered for the health insurance to be affordable. 24% who lack insurance are also unemployed, 8% work without healthcare benefits and 2% cannot afford for being self-employed.

Many uninsured individuals are uninformed of the alternative to expensive health insurance policies. There are short term health insurances, subsidy dollars; the state expanded Medicaid. Know about these here.

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