Latest Trends in Health Insurance

insurance is mostly because of the cost involved. For many, the health insurance is less of a priority compared to food and housing.

It must also be stated that the costs of private health insurance have risen steeply particularly in relation to a workers average earnings and general inflation. In the past three years, insurance premiums have increased between 10.9 and 13.9 percent annually, while workers’ wages have grown only between 2 & 3 percent.

The cost of health care is certainly burdensome for most Americans but it those with limited means are hit the hardest. Nearly 75% of low-income group adults reported some difficulty obtaining health coverage.

Consequently, 44 percent of low-income group adults remain uninsured at compared with only 13 percent of moderate- and higher-income adults in the non-insured category. Despite the fact that the United States is spending nearly 0 billion every year on tax incentives for health insurance, 46.6 million people still lack health coverage.

The one redeeming news is children-especially those in low-income families have somewhat gained in insurance coverage. Even with regard to uninsured children, more than 50% of them are eligible for Medicaid or the State Children’s Health Insurance Program (SCHIP)-the two public insurance programs responsible for providing coverage to low-income group children.

Established in 1997, the State Children’s Health Insurance