Monday, January 5, 2009

Lower Health Insurance Coverage And Economy Are Linked

By Ethan Kalvin

In 2007, more Americans had health insurance than 2006. But what's the outlook for 2008? Not good, says a report from the Employee Benefit Research Institute (EBRI).

The EBRI report detailed that the number of Americans covered by employer health plans will clearly decrease, but the number of Americans who have picked up their own health insurance coverage has risen significantly.

More and more people were able to afford their own health insurance plans this past year, a fact attributed to a stronger economy and lower unemployment rates. The Kansas City Star went on record as such.

With today's economic situation becoming more dire by the day, unemployment is rising. And the ability of workers to purchase their own health care coverage is clearly waning.

Work loss not withstanding, higher food prices, higher gas prices and families struggling to pay mortgages are all causes for health insurance coverage to be amongst the first to be cut from a family's budget. - 15224

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