Three Scary Things Affect Health Insurance Prices

Released on: September 21, 2008, 10:19 pm

Press Release Author: benepath.com

Industry: Small Business

Press Release Summary:


(AP) It's a fact – three things – us, not taking care of medical errors, and medical
inflation affect health insurance prices.


Press Release Body: Thankfully medical errors are evidently going down and ranking
in about the 20% range. That means that 80% of the reasons for high health insurance
prices are neglecting our health and medical inflation. On the surface 20% doesn't
sound that bad, but when the numbers are crunched they're pretty appalling.




These are recent statistics provided by the Department of Health & Human Services'
Agency for Healthcare Research and Quality. They've found that potentially
preventable errors that happen during or after surgery may cost employers close to
$1.5 billion a year.




That's a whole lot of money being spent on fixing medical errors, extra costs that
have no business happening in the first place. Consider the significant burden of
these extra expenditures on the health care system. This factor in combination with
people's unwillingness to take care of themselves and medical inflation accounts for
the ever-increasing health insurance rates.




Here's just a quick sampling of some of the medical errors that add to the cost of
running the health care system. If the mistake made is fixed by the hospital, they
try and bill the insurance company for it. Interesting how that would work out.




Extra nursing care resulting from medical errors is high up on the list of things
filed in the unnecessary costs file and coming it at about $12,196 (33% more costs).
Kidney failure or out of control blood sugars came in at $11,797 for 32% more
expenses. Pulmonary problems, blood clots etc. was about $7,838 at 25% more
expensive, followed by wound opening at $1,426 for 6% more expenses than should have
been necessary.




The scariest part of the statistics is the number of preventable deaths – 1 out of
every 10 patients who died within 90 days of an operation, died due to preventable
errors. One third of those deaths happened after the initial hospital discharge.




This death or injury by medical error problem isn't new. It's been around for ages,
but not much seems to be done about it. It's arguable that the high demands on the
health care system today would naturally result in errors due to the pressures. But
if these medical errors take the lives of over 300,000 people nation wide a year,
something has to give.
To learn more, visit http://www.benepath.com





Web Site: http://www.benepath.com

Contact Details: Adviatech Corp., PR for COMPANY NAME
9280 Bay Plaza Blvd Suite 706
Tampa, FL 33619
1.813.600.3017

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