A report released today by Community Catalyst “When Coverage Fails: Causes & Remedies for Inadequate Health Insurance” addresses the growing number of individuals that struggle with medical costs even though they nominally have health insurance-or people who are underinsured. Americans are paying more and more, but and ending up with less coverage.
The report identifies two primary factors which put people at risk of becoming underinsured and are most likely to cause medical debt: large payments (deductibles, co-insurance or co-payments) when enrollees need care, and lack of coverage for necessary services. Premiums, which have risen faster than average wages over the past decade, often add to the financial burden.
Read the press release here.