The Young and the Health Insured

http://economix.blogs.nytimes.com/2010/02/26/driving-the-young-from-the-insurance-pool/

Premiums: The amount paid or to be paid by the policyholder for coverage under the contract, usually i n periodic installments.

Adverse Selection: The process of singling out potential customers who are considered at higher risk than the average.

Risk Averse: A person who dislikes risk.

Description & Analysis:

The article talks about how the number of young people uninsured is the highest its ever been been and that result is not because the young have better health, rather, because the young make less money than anyone. People who can afford health care are more likely to have it, because health has been a major concern and scarce resource for those of us living in America. Polls have shown that while the young are less likely to endure health issues, the young and uninsured are more likely to become ill than those who are young and insured. The reason behind this is because the young cannot afford health insurance. Most jobs that offer benefits require degrees and full time hours. This is not practical foe students in college or students who come from low-income families with no source of health insurance or money.

Explanation: Because congress has failed to create a reform for health care many people have been left hanging in between or without health insurance. Congress has shown little compassion for its constituents and the whole idea of making sure everyone is healthy and living a life of quality has not been assured. Major corporations do not want to take on risky clients who have chunky or liable health history. It is not surprising that young adults of America are intimidated by being insured.

Prediction: I predict that the age of the uninsured will rise as time progresses. It will no longer be a matter of how old people are, but it will be who is willing to go without insurance in order to maintain a life of stability and comfort. Money has become the central focus amongst the entire world and the basic human rights that were written and granted by our founding fathers has been pushed to the very bottom of the Government's priority list.