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Health Insurance and The Economy

More Americans had health insurance coverage in 2007 than they did in 2006. The Employee Benefit Research Institute has a report stating that the outlook for 2008 will not be good.

The non-profit research organization just released the report today that shows that the number of people covered with an employer-sponsored health insurance plan will most likely drop this year.The number of Americans with an employer's coverage has decreased since 2000, but that was matched with an increase in the number of people who found coverage in the individual health insurance market.

The Kansas City Star reports that, with the economy being stronger, more people are able to afford their own plans. "The increase came hand-in-hand with a strong economy and low unemployment rates which caused more employers to provide health benefits in order to attract and retain workers, and also may have resulted in more workers being able to afford health insurance," as stated in the EBRI report.

This may not be the case presently. With the economy on the downswing lately, and unemployment rates rising, not as many people can afford insurance on their own.

That combined with the fact that gas prices and food prices are the highest they've ever been, and people are struggling to keep their mortgages, it's no shock that paying for health insurance is the first to be cut from a family's budget.

Article Source: http://articles.yournetguru.com

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