Question

What are some of the reasons that you believe that health insurance costs are steadily rising?

Answer 1

Reason:

1. Almost half the U.S. population has one or more chronic conditions such as asthma, cardiac disease and diabetes that increase costs. The overweight and obesity of two-thirds of adults contributes also to chronic diseases and high medical expenses.

2. Medical progress can improve our health and prolong our lives, but it also raises our healthcare costs. Many patients and doctors seek the latest (more costly) therapies, but little or no proof is shown to suggest that they are effective.

3. Most insurers get their job done and are not connected to making real consumer decisions about the cost of their care or coverage.

4. In spite of the rich information provided by medical journals and the Internet at our disposal, there is no standardized or easy comprehension of treatment options and their value. Through comparing models, specifications, gas mileage, quality and payment options, we would never buy a car. But we buy health insurance like that. And according to KHN, Americans differ greatly in their approach to end-of-life issues with some who wish to avoid death in every case, regardless of how small the chance of success.

5. Hospitals and other suppliers are gaining market share and can expect higher rates more and more.