Daily News Updates - Health Insurance News

The Stress of Obtaining and Retaining Health Insurance – Worry, worry, worry.

Medical News Today has recently posted an interesting article on MedicalNewsToday.com that brings to our minds the emotional well-being of our society. They bring out the plight of many Americans who live in anxiety with fear of losing their health insurance or of losing the health insurance they already have, due to the rising premium costs or because of rescission. Those worst off are those in poor health, especially those with chronic conditions. They worry their present standard of living could quickly dissolve over one mishap, if they lost their health insurance.

According to the Wall Street Journal, people must strive hard to land employment where group health insurance is offered. People are even going so far as to get married just to get health insurance. Some even delay divorces for that same reason. More and more small businesses, including the self-employed actually incur the added expense of increasing employment in order to qualify for the better group rates and benefits afforded only to the larger businesses. People are now making major decisions in life based up health insurance concerns, such as, where they will live and retirement age. A at Georgetown University research professor from the Health Policy Institute named Karen Politz has researched this out. She has found that "People are turning themselves inside out to get health insurance."

And again, the Journal claims "Financial advisers say health coverage worries are rampant among clients.” Those most affected are the ones with medical problems. They spend much time deliberating ways to keep the health insurance they already have and ways to convert over to private individual health insurance without losing it all by being excluded because of a pre-existing condition. Obtaining access to good health insurance has become a big deal in today’s society, according to a Ventura, California certified financial planner named Leon Rousso. He summarizes with "You may have the financial means to pay for premiums but not be able to get coverage, leaving you exposed to potentially catastrophic losses if you become ill."