Economy Causing Lower Health Insurance Coverages


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In 2007, more Americans had health insurance than 2006. But what’s the outlook for 2008? Not good, says a report from the Employee Benefit Research Institute (EBRI).

The non-profit research organization just recently released the report which shows that the number of people covered with an employer-sponsored health insurance plan will most likely drop this year.The number of Americans with an employer’s coverage has decreased since 2000, but that was matched with an increase in the number of people who found coverage in the individual health insurance market.

More and more people were able to afford their own health insurance plans this past year, a fact attributed to a stronger economy and lower unemployment rates. The Kansas City Star went on record as such.

With today’s economic situation becoming more dire by the day, unemployment is rising. And the ability of workers to purchase their own health care coverage is clearly waning.

Family budgets are being strained at every turn. It is no surprise that health coverage is one of the first things to be cut, considering the high cost of gasoline and food.

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