Lynch Law Offices, P.C.
Free Initial Consultations
Toll Free: 800-491-7493
Menu Contact

A Family Approach To The Law

Survey: Health insurance net is better, but still has holes

When it comes to topics around the water cooler weather probably tops the list. Coming in a close second in Illinois workplaces may well be the economy. Financial stability is something that has been top of mind for almost everyone since at least 2007. And even though the recession that hit about then is officially over, there are ominous predictions that we might be on the verge of another.

The enactment of the Affordable Care Act is something that was supposed to help alleviate some of that worry. But as we noted in a post in September 2014, anxiety over medical bills was riding high at the time.

Twenty-five percent of respondents to a survey at the time said they owed more for medical bills than they had in their savings accounts. Conditions were worse for those making below $30,000 a year. And 55 percent of those who had no medical debt at all revealed that they were either somewhat or very worried about what would happen in a medical emergency.

Health insurance is supposed to ease those worries and considering that the number of uninsured Americans has declined by some 15 million, you might think that anxiety levels have gone down. But that doesn't seem to have happened.

According to a poll by The New York Times and the Kaiser Family Foundation, roughly 20 percent of individuals who are of working age -- set at 65 or below -- said they had trouble paying their medical bills in the past year. Of those who have no insurance at all, the rate is 53 percent.

Experts suggest that the source of the concern is the shift that has taken place in the insurance industry. Though health care costs aren't rising as fast as they were, the trend continues upward. Meanwhile, a greater share of that rising cost is being borne by consumers, many of whom are finding they may be underinsured.

As a result, medical bills mount. Not only does health suffer, but many find it hard to pay for housing and food. This can prompt questions about whether to seek the protections available through bankruptcy. To understand the implications of such action, an experienced attorney should be consulted.

No Comments

Leave a comment
Comment Information

Contact Any Of Our Five Convenient Illinois Locations

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Email Us For A Response
Toll Free: 800-491-7493
Fax: 888-691-8337

Lynch Law Offices, P.C.
1011 Warrenville Road
Suite 150
Lisle, IL 60532

Toll Free: 800-491-7493
Fax: 888-691-8337
Map & Directions

Available to meet throughout Will and DuPont Counties