Health insurance is a system by which companies ensure that their clients have regular access to healthcare and drugs. The importance of this coverage should not be underestimated in a society such as the United States whose medical costs can be extremely high. Those who are uninsured over the long term, on average, have poorer health and die earlier than do those people who have insurance; estimates suggest that this issue is associated with costs of between $65 billion and $130 billion annually (Stanton, 2). "Health insurance premiums have increased rapidly over the recent past, growing a cumulative 78 percent between 2001 and 2007 and far outpacing cumulative wage growth of 19 percent over the same period (ER 2)." Within this context, it is evident that the average US citizen concerned about their health faces a severe problem.
The government has tried unsuccessfully to respond to these concerns, but the incentives that it provides are insufficient, skyrocketing healthcare costs continue to be inhibitive, and many Americans remain uninsured. In 2003, Congress used a tax credit to expand the coverage of health care insurance for these American workers. ...Show more