Tag Archive | "Health Insurance"

The 12 States Where It’s Impossible To Get Health Insurance


People might not care about health care reform in Massachusetts, but they’re begging for it in the South.

26.3 percent of Americans in the South West do not have health insurance, according to a 2008 report by the CDC. Americans are also suffering in the South East, where 19.1 percent are uninsured.

Many states are crippled by rising health care costs, which make it that much harder for individuals to find coverage.

Congressmen from suffering states are among the strongest advocates (Sen. Harry Reid) and loudest enemies (Rep. Joe Wilson) for Obamacare, as they see the calamity on their hands and know that one false step will lead to disaster. Meanwhile, the uninsured will watch the health care spectacle with rapt attention and pray they don’t fall sick.

Note: To identify the worst states, we ranked percent uninsured and cost per individual, weighted equally.
Source: AHIP.org (2007) and CDC.gov (2008).

No. 12 Arkansas

No. 12 Arkansas

Percent uninsured: 21.4%

Cost per individual: $2,153

“Arkansans are not yet sold on the need for health care reform,” warned Janine Parry, the director of the Arkansas Poll. While uninsured people are interested in the issue, she said, “The rest of us, apparently, are afraid of losing what we’ve got.” (From MCT)

No. 11 Mississippi

No. 11 Mississippi

Percent uninsured: 19.4%

Cost per individual: $2,489

Mississippi has [19.1] percent uncovered. Its Sen. Roger Wicker considers health reform “a job killer.” He emphasizes, instead, the paramount need to protect private insurance companies. Wicker vows stout opposition, without irony, to “Washington-run health-care schemes … that rely on cuts to Medicare and Medicaid.” (From News Observer)

No. 10 Georgia

No. 10 Georgia

Percent uninsured: 20.8%

Cost per individual: $2,419

“The huge number of people without health coverage in Georgia is worse than an epidemic,” said Ron Pollack, Executive Director of Families USA. “At this point, almost everyone in the country has had a family member, neighbor, or friend who was uninsured—and that’s why meaningful health care reform can no longer be kept on the back burner.” (From Fox 31)

No. 9 California

No. 9 California

Percent uninsured: 19.1%

Cost per individual: $2,565

“The problem of the uninsured is no longer one of poor, urban residents; it is a soccer mom and NASCAR dad problem,” wrote Dustin Corcoran, senior vice president of government relations and affairs for the California Medical Association. “Many of the uninsured make decent wages and live in good neighborhoods, yet they have no regular access to a physician. In fact, medical care is the leading cause of bankruptcy.” Nationally, 1 million people a year file bankruptcy because of medical debt. (From Sacremento News Review)

No. 8 West Virginia

No. 8 West Virginia

Percent uninsured: 19.6%

Cost per individual: $2,540

Some Democrats on the panel would have liked to have had a more extensive bill that would have extended coverage to more Americans… One of them was Democratic Senator John Rockefeller. “Universal coverage has always been the goal of health reform, and leaving 16 million men and women and children uninsured is wrong to me, as the senator from West Virginia,” he said. (From Chosun Ilbo)

No. 7 Oklahoma

No. 7 Oklahoma

Percent uninsured: 28.2%

Cost per individual: $2,435

Jessica Craig recently made her first visit to the Good Samaritan Health Clinic. She said she didn’t know what was wrong with her, but it was enough to force her to quit her job and lose her health insurance.

“I think there are a lot of people here in Oklahoma and here in the Edmond area who do not have health insurance that really need good doctors and nurses out here who are willing to help them,” Craig said. (From KOCO 5)

No. 6 Arizona

No. 6 Arizona

Percent uninsured: 22.7%

Cost per individual: $2,591

“It’s disingenuous to say that Congress can cut this much spending from Medicare without having an adverse affect on seniors’ access to health care,” said Jon Kyl of Arizona, the No. 2 Republican in the Senate. “Seniors should not foot the bill for the uninsured. Medicare should not be the piggy bank for new non-Medicare spending, a new entitlement.” (From NYT)

No. 5 South Carolina

No. 5 South Carolina

Percent uninsured: 19.8%

Cost per individual: $2,981

Obama declared in his Wednesday speech that one of the “scare tactics” used by his opponents is that Democratic healthcare proposals would insure illegal immigrants.

“The reforms I’m proposing would not apply to those who are here illegally,” he said, prompting South Carolina Republican Representative Joe Wilson to shout, “You lie.” (From Reuters)

No. 4 Texas

No. 4 Texas

Percent uninsured: 26.9%

Cost per individual: $2,782

Rep. CUELLAR [D-TX]: Well, first of all, I do believe in health care reform. We do know that we’ve got about 46 million people across the nation have no coverage. Texas has one out of four. My district – that don’t have insurance – in my district I have one out of three out of a 650,000 people that I represent, 267 have no coverage itself. Now, I feel that… we do have different options, you know some of us feel a little strongly on some options, but one of the things that I believe in is the end goal. (From NPR)

No. 3 Nevada

No. 3 Nevada

Percent uninsured: 20.0%

Cost per individual: $3,118

There are many reasons that I’ve been working day and night to pass historic health insurance reform in the United States Senate. Some say that stopping the cruel practice of insurance companies dropping your coverage when you get sick is the number one reason for reform, so we’re doing that. Others have told me that we have to stop insurance companies from discriminating against those with preexisting conditions, and that’s in the bill as well. I have also gotten requests from many Nevadans to reduce the number of uninsured Americans, so we are no longer forced to pay for the uninsured through higher premiums and taxes. These were all good reasons that I have fought for health insurance reform in the Senate, but let me be clear, nothing has been more important to me than the simple fact that Nevada needs this bill more than almost any other state. (Editorial by Harry Reid in Reno Gazette Journal)

No. 2 Florida

No. 2 Florida

Percent uninsured: 23.7%

Cost per individual: $2,949

“We’re not sure if it will cover what people need,” Goodhue said of Cover Florida. “We have not heard a lot from consumers. People need to ask a lot of questions because it’s unsure what is covered. My overall sense is it just stops short of health care reform that is needed. I think our state can do better. We commend the state for trying to do something but I think our state can do better.” (From MacroEagle)

No. 1 New Mexico

No. 1 New Mexico

Percent uninsured: 24.8%

Cost per individual: $3,362

“This isn’t something that is going to go away,” said New Mexico Gov. Bill Richardson. “That is why I will continue to call on the Legislature to make bold steps now to turn around a culture of uninsurance in our state.” (From Biz Journal)

Read more interesting stories at The Business Insider >

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Health Insurance Companies Price Gouging the US Economy


Yesterday I received what was either a Halloween trick or extortion: a letter from Blue Cross Blue Shield notifying me of a 24% rate increase starting January 2010. Quite simply, this is price gouging per se.

Since this is a financial media site, I thought it would be educational to demonstrate how such unreasonable price inflation is completely unsustainable:

Healthcare Costs

We are Americans

We are Americans

At the current pace, on my 54th birthday I can look forward to spending over $1 million a year on healthcare (but my bank will be broken many years earlier).

I can already hear the Blue Cross Blue Shield rebuttal now: “The average rate increase is 11% and your increases will not be as high in the future.” Well, since I have a sweet file in my basement, I found that 1) I have never had less than an 11% increase, and 2) I recently had an increase of 18%.

Those are huge numbers considering wages are not growing (I am lucky enough to be making money), we are in a recession, and there is absolutely no low-risk investment vehicle which can consistently match those type of returns in order to keep up. There is no way the middle class can absorb this burden. And the idea of saving for retirement and children’s eduction is becoming a bad joke which insults the efforts of young workers.

This is the type of fiscal black hole which will literally destroy any future economic prowess in the United States. Further, if healthcare costs continue on this trajectory, there will be a major brain drain as intelligent and productive citizens depart for saner pastures. Honestly, for the first time I am wondering whether my young family needs an exit strategy from this mess.

As I have said before, I do not know whether a public option is the answer. However, the system is completely broken when a healthy, fit family in their early 30’s is paying meaningful money for healthcare they will most likely never need. If the government can step in and stop gas stations from gouging, it’s time they crack open insurers’ books and see whether they are doing their part to help revive our economy.

Want more Insightful Commentary? Try these posts:

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Top Party School States Have the Highest Health Care Costs


7 of the Top 10 Party Schools are found in states with the worst health care coverage. Does insane partying in early adulthood create lifelong habits or addictions which strain the health care system?

I am not a scientist, but it appears chugging kegs en masse may indicate exceptionally unhealthy behavior in adulthood. This, of course, means higher health care costs for that pool of people. Here are some of the most affected:

(Party School Source: Princeton Review; *Note: To identify the worst health care states, we ranked percent uninsured and cost per individual, weighted equally. Source: AHIP.org (2007) and CDC.gov (2008).)

No. 6 California



Party School Rank: 10th in the US

Health Care Rank: 9th hardest to get in the US

Percent Uninsured: 19.1%

Health Care Cost Per Individual: $2,565

If hating parties is your occupation, California has a full-time job for you. The University of California-Santa Barbara ranks as the 10th biggest party school in the nation. UCSB also ranks as the 9th biggest “Reefer Madness” school in the country. But stoners at UCSB are not nearly as motivated as their buds in Santa Cruz — the University of California Santa Cruz ranks as the #1 biggest marijuana smoking campus in the US. Party it up now because all that fun will cost you once your healthcare premiums arrive in the mail.

No. 5 Texas



Party School Rank: 7th in the US

Health Care Rank: 4th hardest to get in the US

Percent Uninsured: 26.9%

Health Care Cost Per Individual: $2,782

They say everything is bigger in Texas. Well, the parties are … and so are the health care costs. The University of Texas at Austin is the 7th biggest party school in the US. The Long Horns also rank as the 7th biggest pot smoking campus, the 12th biggest beer drinking school, and the 4th biggest hard alcohol shooting student body in the nation. A few nights in Austin and you may not be able to spell “Go Horns!” But that won’t get you out of paying your emergency room bill if you party too hard.

No. 4 West Virginia



No. 8 West Virginia

Party School Rank: 6th in the US

Health Care Rank: 8th hardest to get in the US

Percent Uninsured: 19.6%

Health Care Cost Per Individual: $2,540

What goes down in the mountains stays in the mountains. West Virginia University is the 6th biggest party school under the American Flag. They also rank 8th for most amount of beer on campus. But don’t let the hard partying fool you. The sloth extends to the classroom: WVU is the #1 school where students study the least. If you want to go to college to not go to college, seems like WVU should get your application. But then you better find a job that pays because health care is higher than the mountain peaks.

No. 3 Georgia



No. 10 Georgia

Party School Rank: 4th in the US

Health Care Rank: 10th hardest to get in the US

Percent Uninsured: 20.8%

Health Care Cost Per Individual: $2,419

Bulldogs gone wild! The University of Georgia is the 4th biggest party school in the Union. UGA also ranks as the 8th largest crowd of student boozers in the country. Athens is one of the funnest college towns I’ve ever been to, but maybe some people are having too much fun. Looks like y’all are picking up that tab once you graduate.

No. 2 Mississippi



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Party School Rank: 3rd in the US

Health Care Rank: 11th hardest to get in the US

Percent Uninsured: 19.4%

Health Care Cost Per Individual: $2,489

The University of Mississippi was once called Old Miss … then the party began. ‘Ole Miss is the 3rd biggest party school in the country. They are also the #1 campus with hard liquor, they have the 2nd biggest frat and sorority scene, and their students study the 4th least in the US. With spring rush festivities like the one above, seems like long term health is not a big concern in Mississippi. That carefree period fades when it’s time to get health care.

No. 1 Florida



Party School Rank: 2nd and 9th in the US

Health Care Rank: 2nd hardest to get in the US

Percent Uninsured: 23.7%

Health Care Cost Per Individual: $2,949

If you were proud of your alums for playing hard, swallow your pride. Florida is the home of both the 2nd and 9th biggest party schools in the nation. The University of Florida hangs tight to the #2 spot (see above) while Florida State University is safely in the top 10 at #9. UF consumes the 4th largest amount of beer on campus, while FSU ranks 14th. It makes one wonder whether the Gator chomp and the Tomahawk chop are really code for a not-so-secret society of dedicated party fiends. One thing is for sure: both partying and health care costs are through the roof.

Do you think social culture in college says something about the way those people will be as adults? Let us know in the comments below …

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