Factors Affecting Your Health Insurance Premiums

Each year medical coverage premiums are increased. Did you ever wonder why this never seems to stop? Obviously, as one ages the cost of medical care will increase because there is more of risk you will encounter some ailment, it part of the aging process. What you may not consider is that the increasing numbers of uninsured individuals are affecting premiums.

Many people believe that the number of uninsured individuals in the U.S. is simply not their problem. After all, they have their health insurance either through a private pay policy or through an employer based one, they pay their premiums, and they go to the doctor whenever they need to and for their regular checkups and so forth. They have nothing to worry about and everyone else is on their own, or at least that is what they believe.

People tend to put their heads in the sand when it comes to facing serious issues that affect an entire society. If it doesn't directly relate to their day to day living they tend not to take notice. Different story if it happens to them or someone they are close to. Then they want to know why its happening and what can be done about it.

Those in the medical community have to run their practices like a business. If businesses aren't getting paid for services rendered they have to increase the costs of goods to pay their bills. It's the same for doctors. They have to keep their practices running so now they increase the fee for their services and the insurance companies have to raise premiums to pay the doctors. It's a vicious cycle.

It's important to understand that the hope with the new health care reform was to mandate everyone to have insurance thus eliminating the amount of unpaid bills. Whether or not this will correct the problem, one will have to wait and see. If this issue could be resolved perhaps we wouldn't see premiums escalate.