Medical Bankruptcy Case Study

Health care will shorten bankruptcy. It was said that over 50% bankruptcies are contributed from medical problems. Medical contributes 17% in bankruptcies. “This threatens the solvency of solidly middle-class Americans. They propose comprehensive national health insurance as a solution.” (Medical Bankruptcy: Myth Versus Fact) In 2008 politicians were used to show that the health care system needs to be changed. It needs to be changed so it can control costs and give more people coverage. “Debtors cited at least one of the following specific causes: illness or injury (28.3 percent of respondents), uncovered medical bills exceeding $1,000 in the past two years (27 percent), loss of at least two weeks of work-related income because of illness

MRI, CT scan, or procedure is not always paid for by your health insurance either. Your health insurance always have to pre authorize before an expensive test. But when they authorize it your health insurance doesn’t always cover it. They can do this if your insurance feels that the test was not needed. What also aren’t paid for are travel vaccinations. Although your own health you need to get vaccines, when going on a vacation with tropical diseases they won’t cover those vaccines. If they are not a problem where you currently live then they will not pay for it. These are all health issues or situations that should be paid for but aren’t because of the choice by your health insurance (5 Surprising Things Not Covered by Health Insurance (About.com

Since everyone will have the same rights and rules the administrative health care cost will be shortened. “Coverage would include all medically necessary services, including rehabilitative, long-term, and home care; mental healthcare, prescription drugs, and medical supplies; and preventive and public health measures.” The hospital will be less billed; instead the government will mail them their annual lump-sum payment. The government will be the administrator, no employees. This takes out the employers’ contributions to insurances, all individual premiums, co-pays, and deductibles and also relieves state and local government of all the medical coverage. Wallet biopsy will not be used anymore; wallet biopsy is fee for services for medical. Decisions about clinical would not be effected from insurances anymore. A global budget is what is going to be dealing with the expense. Hospitals would not get shut down because of unpaid bills, now that universal health care is active. “The General Accounting Office projects an administrative savings of 10 percent through the elimination of private insurance bills and administrative waste, or $150 billion in 2002. This savings would pay for providing medical care to those currently under served.” Doctors’ incomes would change. No one would need private insurance, which limits the billing to private insurances will be