Rising Cost of Health Insurance Essay Example | Topics and Well Written Essays - 500 words

Rising Cost of Health Insurance - Essay Example An entire family's coverage can easily be lost because of retirement, divorce, or a simple switch from full to part-time work. USA Today claims: "Employers say there is no concensus on what to do, long term, to slow health spending," which proves that an agreement needs to be met soon. This issue seriously affects many different individuals, from company owners to the middle-class. Small business suffers especially, but often compensates by hiring young employees; eighteen to twenty-four year olds have the least health coverage in America. Some companies have "eliminated coverage for dependents, while others have canceled their medical plans altogether" (Porter). It is unfair that so many must suffer because of this cost. Two reasons health care is expensive are incredible advertisement costs and a need for advanced machines used for diagnoses. The need for costly medical machines makes sense, but it is unfortunate that countless people aren't receiving proper care due in part to the high prices of commercials. Costs can increase over ten percent in one year, and usually do not go back down afterward. It is disappointing to consider where some portions of health insurance money are headed and how much better they could be spent. Adding to the problem, premiums cut into funds mean