Alabama has got the third highest cost of health care insurance within the United States trailing New York and South Carolina. The findings were based on a new analysis published by Elyssa Kirkham of GOBankingRates on Jan. 22, 2015. The comparison of medical health insurance costs between states took it's origin from one particular, nonsmoking, 40-year-old male with the income of $40,000.
One from the reasons behind high medical health insurance rates in Alabama is the refusal of the government of Alabama inside the person of Governor Robert Bentley to simply accept any federal money for Medicaid assistance. This decision cost the state of hawaii $117 million that Alabama tax payers should pay. The decision to opt from Obamacare can be a major reason Alabama has a $250 million budget deficit. The most significant basis for the high health care insurance costs in Alabama is the fact that Blue Cross and Blue Shield of Alabama use a virtual monopoly. Blue Cross and Blue Shield of Alabama provide medical insurance coverage for all those state employees. The rates that state employees purchase health coverage less difficult less than employees of personal firms pay. Self employed people pay even higher rates. The cost of health care insurance is simply not the monthly rates an individual pays. The deductibles are in reality higher for the cheapest medical health insurance plan in Alabama as provided by Blue Cross and Blue Shield of Alabama as opposed to annual payments. The calendar year deductible for that Blue Saver Bronze plan is $6,850 per person or $13,700 maximum for a family. The annual premium for anyone is in excess of $5,580 and will be $1,500 a month for families. The average income in Alabama was $42,830 in 2014 in line with the U. S. Census. The per capita income in Alabama was $23,606 because greater than one-half of the state can not work due to being retired, disabled, or becoming too young. An average person who works in Alabama pays up to 29 percent of their income for medical insurance and deductibles. Health insurance rates carry on and boost in Alabama because Blue Cross and Blue Shield of Alabama is quite careful to meet every one of the obligations for the Affordable Care Act that enable rate increases. In the near future the house of cards that medical insurance is in Alabama will collapse. The number of people working won't be large enough to pay for the cost of health care insurance for state employees, the expense of Medicaid, and the expenses for Medicare. Working people in Alabama should expect all with the senior executives at Blue Cross and Blue Shield of Alabama to provide themselves another $1 million raise in 2010.