US Consumers who buy individual health policies feel trapped

US health insurers across the country are dramatically increasing rates and slashing benefits for many of the estimated 17 million consumers with individual insurance policies, while making it almost impossible to obtain affordable alternatives.

The cost of health insurance has gone up as much as 39%,

“Millions of Americans are in the least secure marketplace . . . the one in which people have virtually no options,” Sebelius said. “Their only choice is to pay increases or drop the coverage.”

More daunting is the prospect of millions more workers being forced to buy individual policies as employers look to further slash or eliminate company-paid group health benefits.

The Canadian health care system with all its warts continues to serve Canadians well. Most Canadians have no idea of the pain and financial anguish many Americans face in regards to health-care.

Read more at the LA Times here.

This entry was posted on 20. February 2010 at 16:08 and is filed under Healthcare. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.