Health Insurance Gaps due to the Current Financial Crisis
Posted by Avatar
January 10th, 2010
Private Health Care, Public Health Care, Regulation
The crisis that exists in the financial market is being felt all over the world with markets tumbling and insurance costs rising to unprecedented heights. This has left most Americans without health insurance simply because they cannot afford it and worse, even they do not qualify for government funded healthcare insurance programs due to excessive financial burdens. There are currently 47 million people, 9 million of whom are children, do not have health insurance leaving them vulnerable when medical emergencies do strike. The problem is so extreme with Hispanics and African Americans who work in low paying jobs that barely gives them enough to survive. These people who float in between the free care criteria and the ability to purchase private insurance are left hanging, literally, without the necessary financial buffering given by health insurance.