The Huffington Post : declared in The Conundrum of Health Insurance

A return to free-market principles also makes sense for the purchase of health care insurance. Allowing people to buy insurance across state lines and keep insurance when they change jobs would also lead to a decrease in premiums and deductibles which would increase the number of people buying the health insurance. Couple the increase in people with third party payers along with requirements placed on the health care providers, the foundation has been set to decrease payments for health care itself. Even with the return of free-market principles in the health insurance market, there will still be some patients, not covered by Medicare and Medicaid, who will still not buy insurance. Since health care costs are now responsible for about 17.8 percent of the Gross Domestic Product (GDP), the goal of decreasing costs makes sense.

Health Insurance Marketplaces 2017 Open Enrollment Period Statistics Announced

• 82 percent of consumers reported living in non-rural areas, 18 percent of consumers reported living in rural areas. MITCHELL — The fourth Open Enrollment period for the Health Insurance Marketplace came to an end on Jan. 31, 2017. The full report can be found at https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/Marketplace-Products/Plan_Selection_ZIP.htmlThis year the fifth Open Enrollment period will start Nov. 1 and end Dec. 15, 2017. • Below are some highlighted statistics about the success of the fourth open enrollment. • Approximately 12.2 million (12,216,003) consumers selected or were automatically re-enrolled in a Marketplace plan in the 50 states, plus DC.


Not Having health insurance Can Hinder Cognitive AbilityFinally, health insurance can give low-income individuals peace of mind. Providing health insurance could take one major concern off the table, allowing more low-income employees to focus on the job. Health Insurance Can Lead to More Long-Term Decision-MakingBut health insurance can do more, too. Health Insurance Can Reduce StressAmong other positive outcomes, health insurance significantly decreases the level of stress employees experience, as a study described in a recent working paper shows. The provision of health insurance by organizations is a sensible business decision—especially for low-income individuals.


collected by :Lucy William

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