Health care coverage has a significant impact on people's medical and financial situations.
People with coverage are more likely to use preventive services, have better quality healthcare, and use medications to improve their health. This leads to fewer emergency visits and hospitalizations. On the other hand, people without insurance have worse health outcomes than those who are insured. They often can't access healthcare due to high costs, which increases the risk of bad health outcomes.
According to TAI’s 2022 survey, 64% of insured and 86% of uninsured adult Kentuckians avoided, skipped, or stopped medical care or medications due to cost.
Not having insurance or being underinsured can have crippling financial consequences. Two-thirds of bankruptcies in the U.S. are related to medical debt or time off work due to illness. A KFF 2022 survey found that more than 40% of U.S. adults had medical or dental debt.
Health insurance financing reform is needed to ensure that everyone has access to affordable healthcare services, regardless of income, place of employment, gender, race, or other demographic factors. Understanding the impact of health care coverage on people's health is crucial to creating a more equitable and accessible healthcare system for all.
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