Florida Health Insurance Cost have increased over the 7 years and continue to increase as this article is publish .The fact is West Palm Beach Residents who are,Florida health care consumers are wondering whether the premiums that they are paying is really worth the benefits received,can they afford it ..especially when they are healthy.
There are no easy answers when it comes to health care cost. We can all agree that health care cost is too high.
Affordable Health Care Act The cost of Florida
With the Government getting involved in order to control cost and at the same time getting consumers back in charge of their own care with Health care reform ,this will have long term benefits in years to come. There are many changes taking place in the current system. Some are visible to consumers and some won’t. As the new health care law takes effect the changes are designed to benefit the insured, uninsured, health care providers and of course the Government and the American economy.
Why do you really need affordable Health Insurance.?
Having medical insurance you are insuring yourself against the risk of incurring medical bills as a result of a serious medical illness or accident. We are not able to predict or control any of these events in our lives, therefore by owning Health Insurance coverage you are managing your health and financial risk against medical cost if you are diagnose with a medical illness.
Florida Health Insurance Cost
The high cost of unexpected medical care in a hospital have bankrupt families in the past creating financial hardships and devastate individuals and families.
The benefits of owning health Insurance and paying the premiums far out way the risk of not un-insured.
The drivers of Health Care Cost
The rising cost of florida health insurance cost is driven by several factors. Even with the Developments in Medical Technology, the cost of care has continued to increase and in some cases faster than the rate of inflation.
Drug Cost is another area of increasing cost. Drugs have a costly price tag from development to approval and market, it may take many years and millions of dollars to bring drugs from testing to a drugs store in your local community.
Millions of Baby boomers are now reaching middle age and require more medical care. According to (AHIP), American Health Insurance Plans, Individuals over 50 plus years of age use two times as much health care as individuals in their twenties and by the time they reach 60 and over they use four times as much medical care.
Preventive With Wellness Care
Providing Health care to the uninsured is extremely expensive. An estimate of more than 45 million Americans have no form of Health Insurance. Most of the cost associated with their care is emergency room visits and many of these bills are left unpaid or covered by medicaid.
The most import part of medical Care is preventative, when an uninsured American visit the emergency room for care most times they are now very sick and the cost for medical care is now far more expensive than if they were able to see a Primary Care Doctor or even a walk In clinic . People often delay getting care because of lack of insurance this delay will increase the risk of a health condition getting worst.
The Increase in Health Care Cost
The cost from Insurance Companies when delivering Health Care to policy holders as well as their administrative cost all add to the Health care system.
The current system is loaded with Fraud , Abuse, Malpractice Insurance for Doctors, increase dramatically because of law suits, payment to providers for services that was never provided, duplicated tests Medicare and Medicaid abuses.
All these abuses add increases to the cost of Medical care insurance and as the cost increases we all have to pay more.
Health Care cost has a direct impact on Individual Health Insurance premiums. At All Horizon Financial Services Corp West Palm Beach Florida our goal is to work with our clients and their families to find the best and most Affordable Individual Health Insurance Plan that fits your budget. Visit our web site Get a Quote or Learn More.
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