For the last several years (since ACA was first enacted in 2009) we have discussed the cost of health care and how healthcare reform would make the delivery of healthcare more affordable.

But has it?

 Commonwealth Fund released a report-   Too High a Price: Out-of-Pocket Health Care Costs in the United States, which broaches  the severe problem of high deductibles for those least able to overcome the hurdle of financial burdens.  The survey polled 2,751 adults ages 19 to 64 about the costs of their health insurance.

Findings revealed:

  •  21% of adults with health insurance spent 5% or more of their income on out-of pocket expenses, not counting premiums.
  • Another 13% spent 10% or more
  •  13% of people with private health insurance now have plans with a deductible that is equivalent to 5% or more of their income
  • 43% admitted that the deductible was difficult or impossible to afford
  • As much as 40% of adults with 5% deductible or more, skipped seeing the doctor for treatment when sick, avoided follow-up exams or ignored specialist care.

Sure, people with chronic conditions may now purchase their own health coverage without fear of rejection from insurance companies.  The thing is, will they be able to afford  bill?  The survey showed that they were more apt to spend a larger percent of their income on medical care which was not included in their insurance policy.

Premiums have been escalating for each of us regularly.  An article this week stated that it will cost the American public $50,000 per person in taxes and other revenue spending to care for each now that the ACA has been activated.

Perhaps it’s time for the insurance companies to do their part and forego such a high profit or decrease the insurance CEO annual salary!

There are thought leaders who are trying to combat this.  New methods are being devised on an ongoing basis from creative healthcare providers.  One such plan has patients paying a monthly subscription rate which entitles them to whatever care they need during the year.  Other creative plans are in the works.  This is all from the private sector.

After all, we are a capitalistic and creative society- always thinking of innovative ways that can better us and society (despite any governmental “help”).

What are your thoughts?  Please share them with us in the comment box below!