Posts Tagged ‘health care costs’

Healthcare Reform and the Prevention of Chronic Illnesses

Thursday, July 1st, 2010

However you may feel about health care reform and the changes it will bring, one major outcome will be the mandatory implementation of preventative care on all policies. It is proposed that preventive care will be covered without any co pays or deductibles. Considering it is thought that half the conditions we treat in our health care system could be avoidable, the expansion of preventive screenings and vaccinations should help to bring down the number of chronic conditions that we see today.

It is estimated that 75% of our health care spending in on such chronic health conditions. If these illnesses could be treated and diagnosed in the earliest stages, the better the outcome for the patient. Plus, it would result in less financial strain on our health care system. While opponents to the bill state that “unnecessary screenings” will ultimately cost us more, you can’t argue that prevention yields a longer, healthier, and more productive life.

Is There a Answer for COBRA Subsidies?

Monday, January 18th, 2010
Worries grow as those Californians who have been receiving assistance with their COBRA premiums are faced with losing financial assistance. As federal stimulus money dwindles, the 65% of premium formerly covered by this subsidy will expire, leaving many to make a tough choice – pay the premiums or go without coverage. COBRA (the Consolidated Omnibus Budget Reconciliation Act) was passed in 1985, allowing involuntarily terminated employees to keep their current health plan, and take over the payments for their monthly premiums. However, after many years and skyrocketing health care inflation, many people are finding that their COBRA premiums are exceeding their unemployment benefits.
 
If reports are correct in showing that 40% of newly employed people applied for the COBRA subsidy, these numbers can mean that the number of uninsured people will rise along with the lack of federal support. There are some plans in the works, however, which may bring some much needed relief:
 
HR 3930 would extend the period of eligibility through June 2010, increase the maximum duration of the subsidy to 15 months and end all subsidies at the end of December 2010.
 
S 2730 by includes the same provisions as the House bill and would also increase the federal subsidy from 65% of the premium to 75%, as well as expand eligibility to include employed people who lose health coverage because of involuntary reduction of hours.
 
COBRA Subsidy Laws are changing all the time. We will try and bring you the most updated information as we can. In the meantime, there are many websites to help you keep up with the changes. We are also happy to answer any questions you have!

Children with Insurance Have Brighter Prognosis in Hospitals

Thursday, December 10th, 2009

Disturbing news shows that children without insurance are 60% more likely to die from a serious illness, such as pneumonia or asthma. This is most likely due to the fact that care is not sought out until it is much farther advanced. This is tough to swallow, but keep in mind there are always options to ensure that your children are not without the coverage they need.

 The best news this year is the fact that Healthy Families (medical, dental and vision coverage for California children) has received much needed funding, and is now enrolling new members once again. In addition, many carriers have released catastrophic plans, which ensure low cost coverage for times when you need it most. There are also plans that offer coverage for immunizations and preventative care, allowing your child to keep as healthy as possible, and avoid trips to the emergency room altogether.

 We will help you find the best coverage for your child. Call us today or visit the website for a quote today!

Do Americans Really Pay More For Their Health Care?

Thursday, December 3rd, 2009

Recent studies show that the United States spends almost 44% more for health care than Switzerland, though Switzerland has the second higher per capita health care costs. Even with these escalated costs, Americans have fewer visits and spend less time with their doctors, as well as experience shorter hospital stays than any other industrialized nation.

The reason for this is also one of the strongest arguments for health care reform: Americans pay more for the same level of care than anywhere else in the world. Part of the problem lies in the fact the governments set the rates that will be paid for different treatments and drugs in other countries, while this is not the case here in the United States. This results in private insurers paying higher rates for the same services – at times astronomically higher — as they are carrying the load of negotiating fees. This results in a trickledown effect as consumers face skyrocketing insurance premiums, and ever higher deductibles and coinsurance.

As Americans, we need to take control of our health care costs and re-evaluate what we consider “medically necessary”. The latest and greatest technology, though nice to have on hand when necessary, should really only be used if they achieve a desired clinical benefit. By controlling unnecessary spending, we can curb excessive spending, and put the money back in our pockets for when we really need it.


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