In America, healthcare is a hot-button issue, with many people debating over the pros and cons of a single-payer system versus a market-based approach. Regardless of where one stands politically, however, it is imperative that every American be aware of the potential consequences of lacking health insurance.
Expensive Visits
For starters, not having insurance can greatly limit an individual’s access to healthcare. While emergency rooms are to treat anyone who presents with a life-threatening condition, minor illnesses or injuries may not be covered. Without insurance, visiting a primary care physician or specialist may be prohibitively expensive, meaning that some people simply go without medical care altogether.
Pricey Drugs
The cost of medication can also be a significant challenge for uninsured people. While some prescription drugs are available for low prices or discounted through patient assistance programs, others are priced at exorbitant rates for those without insurance coverage. People with chronic conditions such as diabetes or hypertension may need daily medication in order to maintain their health, but without insurance, such medications may be financially out of reach.
Bankruptcy
Another potential fallout of lacking health insurance is bankruptcy. In 2017, medical bills were cited as the single largest cause of bankruptcy in the United States, with around 62% of all bankruptcy cases arising from medical expenses. Even a relatively minor injury or illness can cause financial devastation for those without insurance coverage, as even short hospital stays or diagnostic tests can result in bills reaching tens of thousands of dollars.
Of course, one major reason why people may not have health insurance is the cost of premiums. While many Americans who work full-time are still able to access employer-based insurance programs, others who are self-employed or work in part-time or gig economy jobs may not have this option. The Affordable Care Act (ACA) established government-subsidized insurance options for some people, but the amount of savings can vary widely depending on factors such as income and location.
To make matters worse, recent changes to the ACA have made it easier for insurance companies to offer less comprehensive coverage plans. While these “junk” plans may seem appealing due to their lower cost, they often exclude necessary services or charge exorbitant rates for out-of-network care. For someone who thinks they are protected with such a plan, an unexpected medical emergency could still end up costing them thousands of dollars.
In conclusion, it is essential that every American be aware of the potential dangers of lacking health insurance. Not only can it inhibit access to healthcare, but it can also lead to financial ruin. While there may not be a perfect solution to the problem of healthcare access and affordability, it is important that everyone works together to find a way to ensure that each person has access to the care they need, when they need it.