Question

does the cost of insurance medical care continue to rise?

Answer 1

Yes, the cost of medical care insurance is continuing to rise, the reason being ;

The rise in the increasing medical costs. The rise is witnessed to grow faster than the growth rate of the inflation. The insurance cover, covers various other facilities also which tend to rise the cost, also the medical system is not integrated which leads to repetitive tests and over-treatment. The condition and the chronic illness is also a reason for rise in the prices of medical insurance, half of the population has one or more chronic disease like asthma and heart disease. The health care is not mostly not paid by them and is paid by their employers, as a result most of them are unaware about the cost of care and their coverage. The final reason is the high cost of pharmaceuticals used for the patients.

Therefore, the above reasons show the rise in the insurance of medical care.