Health insurance can be so expensive at times, that it feels that you almost need another loan for paying the premiums. While your company might pay a portion of your premiums, they are so high that it will be difficult to keep up to paying them, especially if you have a family.
Moreover, you would think that I don’t even go to the doctor’s that often. Nevertheless, you still worry that if you do not take health insurance then you might not get good health care when you need it the most, or that you might be given substandard care just because you do not have insurance. Several factors have affected the prices of health insurance over these years.
Health insurance is becoming increasingly expensive also because of an increase in the number of silly or trivial lawsuits of malpractice that patients file each year against doctors. Inspite of no fault of the doctor’s, he or she has to pay all the court expenses. The malpractice insurance usually pays these expenses.
Now, if it is in fact a doctor’s mistake then his or her insurance will have to pay upto several millions in damages. As a result, doctors pay quite a lot into their malpractice insurance. The result of this is that they charge the patient more to help them survive.
A great idea or a great solution for this problem would be that government introduces a legislature that limits the monetary awards these lawsuits gives for the punitive damages of the individual.
Anything that is over the limit should be donated to the government in order to assist schools, build roads and do other good for the community. All this should be done in a hope to slow down people who look to sue simply as a get-rich-quick technique. On the other hand, it will still let people who are truly wronged to be able to sue.
The second major problem is the knack of health insurance agencies of getting out of having to pay the entire amount that the doctor requests. The health insurance agencies usually pay no more than half of the bills that the doctor’s office sends them. As a result, the doctor raises his or her prices so that they can bear the losses.
A solution for this problem would be to put in place a rule that will allow doctors to be compensated or paid fully as they charge. This will force the health insurance agencies to make the full payment of the doctor’s bill, thereby lowering the doctor’s prices for all their patients.