Thursday :: Aug 11, 2005

Health Care, It's Turning the Corner


by Duckman GR

I don't need to say much about this, but to add, HSA's letting you set aside some of the savings to cover their out-of-pocket costs is not a magic parachute. "Some of the savings" is not going to pay for a few thousand dollars of meds or physical therapy. My b i u 's throughout.

"What this study really shows is that people who are insured are also sharing medical burdens, and the type of insurance they have isn't adequately covering their out-of-pocket costs, ..." said study author Michelle M. Doty, a senior analyst at The Commonwealth Fund.

"Almost everybody but the really well-off are at risk here," added Carol Pryor, a senior policy analyst at The Access Project in Boston.

The new analysis helps to substantiate results of a widely publicized Harvard bankruptcy study that found many people were insured when they incurred the medical debt that contributed to their financial ruin.

[...]

As an example, 49 percent of adults with deductibles of at least $500 a year had medical bill and debt woes, while 32 percent of those who had deductibles of less than $500 reported similar difficulties.

"The trend toward higher deductibles in employer plans may have gone too far," [said] Karen Davis, president of The Commonwealth Fund.

Bush's America. Republican Dictated Congress' America. GOP's America. K St's America. Big Pharma's America.

Duckman GR :: 6:29 AM :: Comments (5) :: TrackBack (0) :: Digg It!