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.