What can be done to better the insurance situation in america?
Insurance being unreasonably high or only accessible to people who meet an income criteria or age criteria
26-30, F
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ABCDEF7 · M
It's basic business operating fundamentals. If less (frequent)people fall ill and take claim of their insurance, the insurance company can afford to have cheaper plans. But here in America the scenario seems to be different, more and more people are falling ill and taking claims of their insurance. In that case the Insurance companies have to increase the price of Insurance so they do not go in to losses.
What can be done?
1. Government can give subsidy to insurance companies so they don't run in to losses and can provide insurance at lower prices. But it seems that even government doesn't seems to be easily able to do that, because it would be a very huge amount and govt. has to consider other issues where the revenues has to be importantly allocated.
2. People should try to switch to healthier life styles like including exercises and yoga in their daily routine. There needs to be awareness about health among the people. When more and more people will become aware and adopt healthier life style, the number of insurance claims will go down and the insurance companies would reduce the prices.
What can be done?
1. Government can give subsidy to insurance companies so they don't run in to losses and can provide insurance at lower prices. But it seems that even government doesn't seems to be easily able to do that, because it would be a very huge amount and govt. has to consider other issues where the revenues has to be importantly allocated.
2. People should try to switch to healthier life styles like including exercises and yoga in their daily routine. There needs to be awareness about health among the people. When more and more people will become aware and adopt healthier life style, the number of insurance claims will go down and the insurance companies would reduce the prices.
dancingtongue · 80-89, M
@ABCDEF7 Or you can mandate that everyone -- including young & healthy -- have health insurance, the same way we mandate car insurance, so you don't have the problem of the young (who believe they are invincible) and healthy opting to go bare and take their chances.
DeluxedEdition · 26-30, F
@dancingtongue mandating insurance doesn’t do any good when insurance costs as much as $600-$1000. Obama mandated insurance and penalized whoever didn’t have health insurance
dancingtongue · 80-89, M
@DeluxedEdition Get caught driving an automobile without car insurance and you get penalized as well. The objective is to make sure there is universal coverage, so the cost is spread across the broadest population -- both the low risk as well as the high risk -- which is how insurance works.. If there is no penalty for not being insured, and you think you are young, healthy, and invincible, why have it? Given time (and the corresponding restraints on for-profit insurance abuses) the costs per individual will decline or at least plateau, although this may be hard to see with the naked eye because of two complicating factors: (1) the biggest health care costs prior to ACA were being born by public hospitals subsidized by taxpayers at both the local and national levels and (2) you have had all these rip off, low cost health insurance plans being pushed by the Trumpists which are low cost because they essentially cover nothing. Everything is a per-existing condition or exclusion when you need care. Whereas ACA sets and regulates minimum coverage standards AND provides information on quality and service ratings to level the competitive playing field for the average consumer to make realistic choices.