Health Insurance Premiums Increase to Pay for Research

Everyone who has health insurance have seen their premiums dramatically rise over the past couple years as a direct effect of Obamacare. To those of us without health insurance, we’ve seen the cost of obtaining it becoming more out of reach than ever before. While premiums rise, coverage decreases.

To add to the rising costs, did you know that your premiums are about to increase again come January 1, 2012?

The federal government will add a fee to your coverage that is designed to pay for medical research. They are going to charge you for research to determine what medicines and treatments work best for various medical conditions and illnesses. The results of the research will ultimate determine what medicines and treatments will be covered by the government controlled health insurance industry and which ones won’t be covered.

Even though everybody reacts differently to the same medicine and treatment, the government’s research will eventually narrow the field of options. If you are one of those that don’t respond to the cheaper and more popular treatments, you’ll be out of luck. If you can find a doctor to give you the unapproved and uncovered medicine or treatment, you’ll be forced to pay for it out of pocket.

An example could be a treatment for something that the government panel says should be treated with a specific drug. But say you had hepatitis 30 years ago and that approved drug affects your liver function to the point that it will be dangerous for you to take. You find out that there is a drug you could take that does not affect your liver functions, but this drug is no longer approved because of the research panel that you are now paying for. You may or may not be able to get the right drug and if you do, you will have to pay for it out of pocket.

Aren’t you glad that we have the Affordable Care Act better known as Obamacare?