Forty Percent Of Americans Lack Adequate Health Insurance

Armen Hareyan's picture
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A new survey by the influential Consumer Reports organization finding that 40 percent of Americans are inadequately insured adds to a growing body of conclusive evidence that private health insurance is a defective and obsolete product. Today a group of 15,000 physicians and 75,000 nurses called on Congress to "recall" private health insurance.

"A single-payer style Medicare for all bill, HR 676 - that would finally eliminate Americans' financial worries associated with un-payable medical bills, is the only health reform proposal that is proven to work." said the Physicians for a National Health Program and the California Nurses Association/National Nurses Organizing Committee.

The Consumer Reports survey underscores the growing crisis faced by the "underinsured," those facing severe economic and health insecurity even though they have health insurance. It found that more than half of the "underinsured" postponed needed medical care due to cost and a third had to dig deep into their savings to pay for medical expenses.

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Another third of those over 50 said decisions about their retirement were adversely affected by healthcare costs, one quarter had outstanding medical debt, 38% postponed home or car maintenance repairs due to medical bills, and only 37% said they were prepared to financially handle unexpected major medical costs in the next year.

"Our healthcare system is disintegrating," said CNA/NNOC President Deborah Burger, RN. "Rather than providing comfort and security for American families, it is causing financial distress and forcing far too many people to postpone needed medical care due to cost."

"Private health insurance is a rip off that is failing our country. We are spending far too much money propping up a wasteful, bureaucratic, system that only benefits the insurance industry," said Quentin Young, MD Executive Director of PNHP.

The new survey reinforces a year long series of studies and surveys illustrating an accelerating crisis, PNHP and CNA/NNOC noted:

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