With
the beginning of 2008, there have been several changes in the health
insurance sector, which was positioned at the end of 2007 to grow
manifold- 145 per cent- over the next 3 years. Hence, there is likely
to be a marginal increase in premium growth. If the same trend
continues, the middle class shall no longer be able to afford
insurance, with a substantial portion of their income already going
as premiums. It is perhaps the most important domestic issue, that
needs sorting out.
Your
health insurance premium went up the way it did over the years
because insurance carriers increase their rates once a year. This
rate has shot up at an average rate of 11% annually. So, buying
insurance, or keeping up with the premiums is certainly going to be
rough.
You
could buy insurance from entities that allow you to purchase it at a
group rate instead of at the (significantly higher) individual rate.
They can also negotiate good deals with the insurance companies. Your
best bet it to find the one most effective coverage that you can
afford.