Obtaining health insurance coverage not only protects you and your family from financial ruin, but alleviates the financial burden of having insurance for your fellow Americans. Why? Not only is the cost of medical care more for the uninsured, but if unpaid the burden of subsidizing the expenses fall upon the government and those who are insured.

It has been estimated that the uninsured only compensate roughly 30% of their total medical bills. The outcome of these financial shortcomings results in hospitals and physicians being inadequately reimbursed. Unfortunately, the government typically does not subsidize hospitals and doctors so the cost falls upon private insurance carriers. This cost then undoubtedly trickles down to the insured by way of their monthly premium. Specifically, on average 8% of a family’s health insurance premium is directly related to paying for the uninsured.

We are hoping that with President Obama’s proposed mandate for health insurance the inefficiencies of today’s system and the burden of paying for others will be eliminated. Not only could this promote more regulated premiums, but also afford hospitals and doctors with the reimbursement required to maintain their valued service. Currently, the proposed penalty of not having or offering insurance is 2.5% of an individual’s income, and 8% of an employer’s payroll.

If you are looking to create a more efficient health care system, and take the financial burden of medical costs off of your fellow Americans obtain health insurance today. Visit us at MyInsuranceExpert.com and speak with an Advisor to find a plan that meets both your needs and your budget.