Daily News Updates - Health Insurance News

Speaking Up On McCain’s Plan, Pt.4 – For those mindful of the real crisis.

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Inadequate health insurance is not just a hardship.  It is the leading cause of personal bankruptcy in our country today and has been for a few years now.  In many cases, it’s worse than having no health insurance at all.  The latest US Census (2007) recorded at least 25 million Americans in this boat.  It’s probably even higher today, but that’s a small problem compared to a situation where our whole nation is drawn into this cheap health insurance crucible.  We may find ourselves looking at another melt-down.

 We’ve already recorded a 60% leap since 2003, as reported by the highly regarded private foundation called from the Commonwealth Fund.  They have performed a very comprehensive study to measure the depth of this problem.  For the results of their finds, please refer to the article series’ entitled:  “Health Insurance Still Plummeting “, “Hidden Dangers of Inadequate Health Insurance” and “Major 'Underinsured' Sector”.

 Raging fires of the crisis are the 45.7 million Americans with no health insurance, 15 million Americans who are denied coverage due to chronic and pre-existing conditions and the rate of 20,000 Americans dying each year for lack of health insurance.  Of all these, Mr. McCain’s plan only addresses between 1 and 5 million of these citizens.  To do that, Mr. McCain has only earmarked $10 billion.  Experts place the cost of Mr. McCain’s plan at, closer to $160 billion or more on average for the first 3 years.

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