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7 Compelling Reasons Why Healthcare Premiums Keep Increasing

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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 August 12, 2021

    Learn How To Make Coffee 38 Different Ways With This Stunning Guide

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    Learn How To Make Coffee 38 Different Ways With This Stunning Guide

     

    If you make your own coffee in the morning, chances are you’re only making the same boring kind everyday. Now it’s time to put an end to the cynical habit and turn you into an instant coffee connoisseur.

    For those who don’t know, there are officially 38 different ways to make coffee. All, except decaffeinated versions will give you the same buzz that can either make you extremely productive or give you anxiety.

    The only difference here is taste. And when it comes to coffee, taste matters. A lot.

    Most of the methods and ingredients from the chart above dates back hundreds of years and have been traditionally passed down from generation to generation. Hence, it’s actually possible to tell where a person came from based on the type of coffee he or she drinks!

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      38 ways to make a perfect Coffee | Visual.ly

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