Insurance costs weigh heavily on minds of US citizens
Health care costs are beginning to weigh heavily on the minds of most US citizens according to a new survey released today.
The survey found that almost 1 in 4 people are afraid of losing their insurance coverage next year. A similar number in the survey claimed that van insurance policies and auto insurance costs were also beginning to worry them.
The poll was conducted by University of Michigan to measure consumer confidence in the health care and insurance system.
The survey shows that consumer confidence in insurance coverage and health care policies has dropped by 1.3 points from April to May. The index will subsequently be tracked and released on a monthly basis.
The survey comes just as policy makers in the US are considering a massive reconstruction of the nation’s entire health care system. Over 80 percent of people surveyed said that they considered healthcare to be a huge part of tackling the nations the economic crisis.
Many people are worried that they will not be able to afford insurance this year and in the future. The government have already estimated that insurance costs for health would average at over $8,000 in 2009.
The biggest concerns come from the older age group. The biggest group fearing the cost of rising insurance were aged between 50 and 64 years old. The survey also found that women were more worried than men about losing their insurance coverage.
“As the economy continues to falter, health care insecurity is becoming an even greater issue,” said Risa Lavizzo-Mourey, president and chief executive of the foundation, which provides extensive financing for health care research.
A large percent of the US populace or currently uninsured. The number of people without insurance is approximately 50 million adults. The senate is continuing to try and reform the health care system. New plans for reform will see costs spiral to $1 trillion over the next 10 years and this would still leave 137 million without appropriate coverage.
Posted by Administrator under Insurance Hub |