They also don’t participate in healthcare promotions and illness prevention activities which in turn increases the healthcare costs the uninsured are likely to forgo any screenings and are usually less healthy than someone with insurance. They are also less likely to comply with medication regimens for chronic diseases due to costs. A large part of the population is uninsured or underinsured which results in large amounts of uncompensated care. Uncompensated care is portion of care which the provider receives no reimbursement. Because of uncompensated care it leads to what we call “cost shifting” which is passing on the costs of uncompensated care to those who do pay for care. This action leads to higher insurance premiums and overall higher costs for healthcare. Other reasons for escalating healthcare costs is the elder populations. The elder population contributes to greater demand for use of services due to chronic diseases which
increase costs for disease management. Most of the elderly population are on fixed incomes and have a hard time with the increase in drug prices. Because they are on a fixed income they are without assistance to help them pay for prescription medication. This results in many elderly failing to take medications as directed. Other areas that have increased the cost of healthcare are the specialty care areas. They have increased their reimbursement costs which makes the patients cost go up. These are just some of the reasons why healthcare costs are escalating in our country today. There are some non-profit organizations or private foundations in your area that may provide health related services. They can be found online with your local area.
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- Fall '19