What If You Knew - NM
Supporting the Health Security for New Mexicans Campaign
63% of all bankruptcies in the US are due to health care
expenses!
  • In 2000 only 49.3% of all bankruptcies were due to health care expenses!

75% of the people who had health care related bankruptcies
had health insurance!

How can these statements be true?
  • If you get sick enough or injured badly enough that you cannot work, your
    employer is only required to continue your insurance, if it was employer provided,
    for six months.
  • You can purchase an extension of your insurance under the COBRE plan, if you
    can continue to make the payments.  That too is time limited.
  • At some point you cannot have coverage because you got sick or were severely
    injured.
  • If you do get well and go back to work your insurance will never again cover
    anything related to your previous injury or illness.
  • Many illnesses are not covered by health insurance unless you have a very
    expensive plan.

Health Insurance companies work for a profit.
  • 20 to 30% profit on a $20,000 car or on a $300 camera is expected.
  • 34% profit on an health insurance policy that costs $16,000 per year seems
    unreasonable.
  • Health insurance companies providing their CEOs salaries of $9,844,212 to
    $24,300,112 seem unreasonable and are part of why we must stop using
    health insurance companies.