Skyrocketing costs continue to burden middle-income households in the United States and deny people proper health care they require. Due to high premium, co-payments and costly prescriptions, the health care sector presents a middle team with a dilemma of either to pay for health care or necessarily, that leave alone the low-income earners. More specifically, wages remain stagnant, thus the issue of affordability is fast becoming a major problem resulting in families being put under economic pressure.
Reduced disposable income is one of the significant effects of inflation. The limited cash is spent on health bills and insurance thus limiting the funds available for other needs like education, housing, and savings. This financial burden restricts credit access for purchasing homes and any future financial security. The middle class families are experiencing financial difficulties more and more often despite the growth of their income due to the rising costs of healthcare.
Medical costs are another problem which is actual. To obtain the funds for the medical costs, people use credit cards or take loans or even have savings they use. High deductibles and copayments seem to have an indirect way of ensuring that the insured end up being indebted regardless of the assurance that they are under an insurance cover. The unexpected expenses on bills affect the mental state of a person and make it an emotional and financial toll especially for the middle class families. This cycle deepens financial vulnerability among the following ways.
Lack of health insurance and inadequate access to preventive care is another issue. When basic check-ups as well as early treatments become expensive, people do not go for periodic health check-ups, and so on, they develop complicated diseases which require more expensive treatments. The middle income earner would again, be confined to neither in a position to pay for the premium, nor gain eligibility of free assistance. The absence of preventive care results in the increase of long-term costs of healthcare, which aggravates their financial problems.
Lastly, ethics in the health administration debate is a major issue, given that the growing cost of medical care continues to push health care out of the reach of middle class citizens. If the necessary and sufficient measures towards the Affordable Nursing Care and Patient Protection Act are not taken, more families will be left behind in financial difficulties and deteriorating quality of life. To combat these issues policies must be set to alleviate the middle class as well as provide its citizens with required healthcare.
Conclusion
High medical expenses are eradicating the middle-class families’ quality life by making them choose between paying their healthcare bills and their other expenses. If political measures are not taken to reform the structure, then this crisis will only worsen over time, accrue more debt and provide people with restricted opportunities to receive necessary treatments. Preserving access to quality and affordable health care is vital for preserving people from the middle class, avoiding a decline of the population’s well-being, as well as for the future stability of the millions of American people.
