It can’t be denied that some medical providers do take advantage of the broken health system in order to eschew their obligation to pay the beneficiaries when the time comes to collect on their insurance. But we can’t forget the other reasons as well why millions of American families need immediate help with medical bills.
Perhaps a large part of the blame goes to complacency, particularly the so-called middle class who are too well-off to avail of the government help with medical bills but too poor to avoid bankruptcy when a catastrophic disease hits. As a result, they are caught between a rock and a hard place. These families by the way comprise a large bulk of the underinsured because they rely too much on their employers haven’t taken the time to study their respective policies.
Indeed, how many hours did you spend talking with your insurance companies about your concerns regarding your policy? In relation to this, how much time did you spend studying your policy in the first place?
It’s incumbent upon you to know the ins and outs of your policy even prior to an emergency. Indeed, many of families still don’t even know that, according to the principle of co-pay, any medical treatment expenses are taken out of your pocket until you reach a certain cap then the insurance company comes in. This is usually stated on your policy but without reading through the contract, you would have absolutely no idea about co-pay and its difference from deductible or co-insurance, for example.
Sadly, a stable job doesn’t guarantee you a good insurance anymore as employers cut on insurance allocation to cope with the struggling economy. Scores of Americans had to choose to either keep their jobs or cut their insurance premiums. Most understandably choose the latter and pray to whatever higher deity they ascribe to that nothing happens to them or their families in the near future.
Hopefully there’s a silver lining in the horizon. The good news is that the federal government under the Obama administration is seeking reforms in the health care industry. In the meantime, however, there’s a lot of things we should do to assist the millions of American families who are scampering to seek help with medical bills as their savings wear thin.