Being Frugal In Hard Times
So most of us are concerned about ways to increase credit score, but to many, fixing credit is very low on the list of important things to do.
Consumers are being extra careful with their money in these hard times, but what they are scrimping on may surprise you. How about Insurance? Ugh! In the suck-o economy we are in Americans are upping their health care deductibles and many are foregoing everyday health care as a way to save money. During a recent survey of Nationwide companies, the health care deductibles of a record number of workers has tripled to at least $1,000 and this has experts concerned that that void will mean an avalanche of Emergency Room visits during the next year.
This is happening even as the top insurers are posting record profits. Aetna reports third quarter profits up 53% to $497 million. Anthem Blue Cross is up $731 million and Health Net reports a $62 million gain compared to a $66 million loss the previous year.
it just doesn't seem right does it? As we struggle with credit, scrimping on household budgets and the soaring cost of education, we have to also forgo health care. Is there something wrong with this picture or is it just me?
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