Expert Q & A: Why is insurance so expensive?
Written by Katie Carpenter
Dec 9, 2013 4:24 PM
Q: Robert in Harrisburg asks:
"Insurance costs are rising every year, why is that? Why can’t the insurance companies provide AFFORDABLE insurance to those that need it?
I need dental work and I cannot afford dental insurance or health insurance. I am concerned that if I am seen today I will go further into debt. Also why can't the good doctors still be forced to see you if you have no insurance. I have to go to clinics and most of those are ran by PA's and not Doctors."
A: There really isn’t an easy answer to your questions. While insurance companies take most of the blame for the increase in rates, it is really caused by many complex factors. The hope is that the Affordable Care Act will build up a larger risk pool that will stabilize rates and keep premiums down. But this is yet to be seen. Dental insurance is not addressed in the Affordable Care Act except for children. So the Act will not help you with your dental costs. You may find a health insurance policy on the Exchange that you may be able to afford though. It may be helpful to look into the options there. When you look at the plans, don’t just look at the premium. Look at the network for each plan. Some plan networks are very narrow (meaning very few doctors to choose from). Others are more robust. This should definitely be considered based upon your own particular needs.
John DeLorenzo, Director of Legal Services, PinnacleHealth
Additional resource: You might be interested in this article: What makes healthcare so expensive?