Insurance

A New Study Discovers Two-Thirds Of All Bankruptcies In The United States Are Primarily Caused By Medical Bills

Our health insurance system is theoretically supposed to prevent Americans from going bankrupt when they are hit by huge medical bills. But in case after case, that is simply not happening. Even though more Americans are “covered by health insurance” than ever before, a new study has found that “about 530,000 families each year are financially ruined by medical bills and sicknesses”, and most of those families actually had health insurance. These days, most health insurance policies closely resemble Swiss cheese because they are so full of loopholes, and health insurance companies have become masters at finding ways to wiggle off the hook. So every year hundreds of thousands of American families find themselves facing huge medical bills that they did not expect to be paying, and as a result medical expenses are the primary factor in 66.5 percent of all personal bankruptcy filings in the United States…

Only 9 Percent Of Households In South Carolina And Only 3 Percent Of Households In North Carolina Have Flood Insurance

A lot of people are going to be financially ruined by Hurricane Florence. As you will see below, only 9 percent of all homeowners in South Carolina have flood insurance, and up in North Carolina that figure drops to just 3 percent. That means that well over 90 percent of the people that will be affected by this storm do not have any financial protection against flooding whatsoever. Florence is expected to slowly churn over the region for the next several days, and it is being projected that this massive storm could dump up to 10 trillion gallons of water on the Carolinas. Needless to say, that amount of water is going to do an extraordinary amount of damage, and thousands upon thousands of households are at risk of losing everything because they aren’t carrying insurance.

Medicare For All? Shock Poll Discovers That 70 Percent Of Americans Want Single-Payer Healthcare To Happen

Should the U.S. government provide medical care for everybody? A shocking new poll that was just released found that 70 percent of all Americans actually want this to happen. Of course if they also asked people if they wanted their taxes to double in order to pay for such a system, the percentage of favorable responses would have probably been a lot lower. But still, this poll result shows that Americans are willing to embrace socialism to a degree that would have been absolutely unthinkable a decade or two ago. Of course “Medicare for all” is not going to happen as long as Donald Trump resides in the White House, but if future polls keep returning similar results it is only a matter of time before a Democratic administration will implement such a policy. And as we have seen with Obamacare, once a new social program is in place it can be nearly impossible to get rid of it.

Is This The Best Thing That Donald Trump Has Done So Far?

On Thursday, the U.S. House of Representatives finally approved a bill that would repeal and replace significant portions of the law that created Obamacare. But it was a very close vote. On Donald Trump’s 105th day in the White House, 217 members of the House voted in favor of the bill, and 213 members of the House voted against the bill. Of course “Trumpcare” is far from perfect, and it actually does very little to fix our rapidly failing healthcare system, but the reason why this is the best thing that Trump has done so far is because this bill would greatly reduce federal funding for Planned Parenthood. But first this bill must get through the Senate before it can become law, and that is looking extremely doubtful at this point. In fact, The Hill is reporting that one Republican Senator has said that this bill has less than a 20 percent chance of succeeding in the Senate…

How Angry Will You Be If The Republicans In Congress Do Not Repeal Obamacare?

Top Republicans are now publicly saying that Obamacare will never be fully repealed. In fact, many Republicans in Congress are already using the term “repair” instead of “repeal” to describe what is going to happen to Barack Obama’s signature healthcare law. Without a doubt, the Republicans in Congress are eventually going to do something, but strategists in both parties are now suggesting that most of the key elements of Obamacare are going to remain once everything is all said and done. It will be put into a more “conservative” package, but it will still be Obamacare.

23 Percent Of Americans In Their Prime Working Years Are Unemployed

Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a grand total of 102.5 million working age Americans that do not have a job right now? I have written about this before, but today I want to focus just on Americans that are in their prime working years. When you look at only Americans that are from age 25 to age 54, 23.2 percent of them are unemployed right now. The following analysis and chart come from the Weekly Standard…