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7 Compelling Reasons Why Healthcare Premiums Keep Increasing

7 Compelling Reasons Why Healthcare Premiums Keep Increasing

The US is one of the highest spending countries when it comes to healthcare costs. These cost have steadily grown over time, most notably in the last decade. The worst part about everything is the fact that while these costs keeping growing, the quality in medical treatment is not growing along those same lines. Providers use leverage in the market to determine fees and that causes inflation that results in higher fees and premiums. There are 7 major factors that contribute to driving up health insurance premiums.

The first is new medical technology. This is a natural cause of rising premiums as there will always be new technologies being developed. The positive side of this is that with new technologies comes better medical care.

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The second factor that drives up insurance costs is inflation due to providers.

The third reason is the low usage of primary care physicians. When people need specialist doctors their primary care physician will act as a gatekeeper to those specialists, thus lowering the cost.

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That leads us to reason number 4 which is high spending on specialists.

The fifth reason is the aging population. We all know that with age comes increased health problems. It is important for the aging population to get their health care as cost effective as possible.

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The sixth reason is one that we have little control over and that is the rise in chronic illnesses. The very last reason is that of medical frauds that are committed. The reasons stated above were discovered through

Carrington College. The information tells us that there is a lot that we cannot control when it comes to some things that contribute to the rising costs like new technologies constantly developing and aging population. There are however things that we can control like increasing the number of primary care physicians in order to decrease the cost for specialists. Lowering the cost of health insurance starts with doing a good job with what we can control. To get a better understanding of the factors stated and how they directly affect your premiums, please view the infographic below: why-is-health-insurance-expensive

     

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    Last Updated on February 11, 2021

    The 20 Most Creative Instagram Accounts That Will Inspire You

    The 20 Most Creative Instagram Accounts That Will Inspire You

    Instagram allows you to see exactly what inspires people and how creativity is drawn from their everyday life. We use Instagram to capture what makes us smile, what brings joy to our life, and what we are passionate about, and the accounts listed below are sure to inspire you in turn.

    Here are our 20 top creative Instagram accounts that you should be following today.

    1. Humans Of New York

    Brandon Stanton walks the streets of New York City taking street photography, and he gets his subjects to open up about life details that even many family members may not know about them. It makes you smile and connect with the images at a new level.

     2.  Paris in Four Months

    Carin Olsson moved to Paris and is documenting every part of her experience, from the macaroons to the Eiffel Tower with all of its shimmering lights. If you want to go to Paris but can’t get there today, Carin will take you.

    3. Civilized Caveman Cooking

    George Bryant offers up more than his love for cooking Paleo cuisine as he shares more about life, joy, and happiness. His coined hashtag is #hugsandbacon.

    4. Andrew Knapp

    Andrew has taken the world by storm with his adorable version of Where’s Waldo? His version is Find Momo, and stars his border collie.

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    5. Idafrosk

    Ida Skivenes has developed a knack for food art. From the world of Charlie and the Chocolate Factory to Strawberry Fields Forever, she has recreated it all with food.

    6. GrandmaBetty33

    Grandma Betty is fighting cancer and is inspiring others to smile and be happy in life. She brings a smile to your face instantly and is like having your grandma right beside you.

    7. Maya_on_the_Move

    Tania Ahsan captures the world of her cute bulldog, Maya, on her adventures in New York. Maya makes appearances that will make you smile, laugh, and inspire you to go out and create something special.

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    8. Leoleoparis

    Leo captures the life on the streets of Paris. Most of his work is done in black and white, offering that iconic Parisian look.

    9. Jacob Santiago

    Jacob Santiago creates stunning, vibrant images around New York City, showcasing the architecture and streets. I’m sure you haven’t seen the streets of NYC like this before.

    10. Julie’s Kitchen

    Julie Lee showcases how everyday produce can create colorful art designs. At first glance, you think it is just a design; then, a second take illustrates that it is really fruits and vegetables.

    11. iloveplaymo

    iloveplaymo brings together photography and Playmobil toys in action. The images are up to date with current world events and everyday life.

    12. “Red” Hong Yi

    Red Hong Yi loves to paint without a paintbrush. Her style uses daily items to create lovely images.

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    13. Alexis Diaz

    A breathtaking artist from Puerto Rico who loves to paint murals. Alexis’s work is featured all over the world.

    14. Murad Osmann

    Murad Osmann is a music video producer, but his claim to fame on Instagram has been his photographs with his girlfriend leading him by her hand.

    15. Simone Bramate

    Simone Bramate is a storyteller who just so happens to take delightful photos as well.

    16. Willie Kessel

    Willie Kessel brings beach life right to your smartphone. Amazing surf and lifestyle images that take your mind off of all of the work and stress in your life.

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    17. Nick Ulivieri

    Nick Ulivieri is a talented photographer who loves to capture the windy city of Chicago and skies, especially during storms. His images are gorgeous and make you realize how wonderful life really is.

    18. Jo Jerry

    Jo Jerry’s landscape photos around Santorini, Greece, make you want to book a flight immediately. The bright colors and simplicity in the images make his photos stand out from the rest.

    19. GoPro

    GoPro uses fan-sourced images on their account that are all captured with a GoPro. Creativity to the max is used in these images and range from the grocery store to incredible surf.

    20. Vin Farrell

    Vin Farrell is a creative who works on the agency side for large clients and has a knack for photography. His iPhone captures amazing aerial images around NYC and the world.

    Featured photo credit: Andy via flickr.com

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