Subscribe to the BlogThere has been a substantial increase in the rates of health insurances. The increase in rates of health insurances are posing a threat to many in US.
Not only are the rates hiked but the benefits are also slashed considerably for the individual policy holders. They are left with no affordable alternatives.
The insurance companies put the blame of hiked rates on the heavy medical costs.
Many are left with no choice other than to cancel their coverage since they have no way of paying the increased rate charged by the insurance companies. Many are forced to compromise on the benefits.
To add to the woe of some of the employees, the employers have eliminated group insurance policies that had been so far given as a benefit to the employees.
The US govt. is taking efforts to put down the exorbitant rates charged by the insurance companies. The rates are getting reviewed and necessary bills are expected to be cleared to make the situation tension free to the policy holders.