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Health Insurance facts

While investigating facts about Health Insurance Plans and Health Insurance Companies, I found out little known, but curios details like:

The Padres have signed the same handicapped ball player 20 years in row so he doesn't lose his health insurance.

how health insurance works?

The Padres have signed the same handicapped ball player 20 years in row so he doesn't lose his health insurance.

What health insurance is best?

In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what health insurance do i need. Here are 50 of the best facts about Health Insurance Comparison and Health Insurance Compare I managed to collect.

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  1. 62.1% of bankruptcies in the US are due to medical bills. Most medical debtors were well educated and middle class; three quarters had health insurance. Unaffordable medical bills and income shortfalls due to illness were common causes.

  2. In 2007, 17-year old Nataline Sarkisyan Died after Cigna Health Insurance denied a life-saving procedure, despite doctors pleas that she receive treatment.

  3. The Padres baseball team has kept a handicapped player on the team for over 20 years so he doesn't lose health insurance.

  4. Starbucks spends more on health insurance for its employees than on raw materials needed to brew its coffee.

  5. Starbucks spends more money on health insurance for its employees than on coffee beans.

  6. Starbucks spends more on health insurance for its employees than on coffee.

  7. In 2005 Starbucks spent more on health insurance for its employees than on raw materials needed to brew its coffee.

  8. Many Americans who need mental health services never get it because doing so could disqualify them from receiving life insurance

  9. Health care in Mexico is described as very good to excellent while being highly affordable, with every medium city in Mexico having at least one first-rate hospital. Because of this, some California insurers sell insurance policies that require members to go to Mexico where costs are 40% lower

health insurance facts
What health insurance is the cheapest?

Health Insurance data charts

For your convenience take a look at Health Insurance figures with stats and charts presented as graphic.

health insurance fact data chart about Why we need a single payer health insurance payement system
Why we need a single payer health insurance payement system

health insurance fact data chart about Stock Price of Top 5 Health Care Insurers Since November 4,
Stock Price of Top 5 Health Care Insurers Since November 4, 2008

Why health insurance is so expensive?

You can easily fact check why health insurance is required by examining the linked well-known sources.

Mayim Bialik decided to get back into acting even after having already her PhD in neuroscience. Because by then, she was running out of health insurance.

The US prohibits the use of genetic information in health insurance coverage and employment. - source

Dr. Bialik of Big Bang Theory TV show got back into acting because she needed health insurance - source

Minimum wage does not guarantee a living wage. Many people who work full time and earn minimum wage do not have enough money to survive. They sacrifice certain bills, or food quality, or do not have things like health insurance because they do not make enough money.

Health insurance paperwork wastes $375,000,000,000 - source

When health insurance open enrollment?

Since the Affordable Care Act went into effect on March 23, 2010, the stock prices of the top health insurers UnitedHealth (UNH) has increased by 202%, Cigna (CI) by 180%, Aetna (AET) 150%, Humana (HUM) 195%, etc.

How health insurance deductible?

The major American health insurance companies are one of the largest holders of fast food stock and other forms of investments.

Papa John lives in a literal castle, but doesn't provide his employees with health insurance.

The earliest health insurance policies were designed primarily to compensate for income lost while workers were ill.

The main Social Security programs in the United States include OASDI (Federal Old Age, Survivors, and Disability Insurance, TANF (Temporary Assistance for Needy Families, Medicare (health insurance coverage for disable and aged), Medicaid (medical assistance grants to states for low income individuals), SCHIP (State Children's Health Insurance Program), and SSI (Supplemental Security Income).

A super secretive organization of just 31 people is responsible for deciding the Medicare reimbursement rates (and as a consequence, what private insurance will pay) for pretty much all health care procedures in America

Health insurance infographics

Beautiful visual representation of Health Insurance numbers and stats to get perspecive of the whole story.

health insurance fact infographic about Health insurance quotes per week at eHealth for the past two

Health insurance quotes per week at eHealth for the past two years, including two Obamacare seasons


health insurance fact infographic about Disproportionate common physical injuries documented by heal

Disproportionate common physical injuries documented by health insurance claims in each state


When health insurance mandatory?

Lloyd was the primary architect of the National Insurance Act of 1911, which was the first step toward nationalized health insurance in the United Kingdom.

The chargemaster, a comprehensive listing of items billable to a hospital patient or a patient's health insurance provider. In practice, it usually contains highly inflated prices at several times that of actual costs to the hospital.

By law, former presidents are entitled to a pension of $203,700 per year, staff and office expenses of $96,000, medical care or health insurance, and Secret Service protection for life.

The opening three syllables to The Simpsons theme tune were sung by the composer, Danny Elfman, and two others. Elfman has stated that the royalties from that alone paid for his health insurance for 25 years, and got him into the Screen Actor's Guild for vocal work.

Germany under Otto von Bismarck introduced the world's very first national health insurance in 1883

How much is private health insurance?

Robert De Niro paid for John Cazale's health insurance (who was dying of cancer) while filming The Deer Hunter, because De Niro wanted him in the film.

Two-term presidents get health insurance for life, but one-term presidents are denied federal health coverage. One-term presidents don't meet the minimum 5-year federal employment cutoff.

The Fair Deal, Harry Truman's attempt to address Civil Rights and Universal Health Insurance, all the way back in 1947.

I learned that after he became handicapped, the San Diego Padres have signed the same player to a contract for over two decades just so he could keep his health insurance

If you did not buy health insurance in 2014, the IRS will fine you $95 and take it out of your tax return

A baseball player had a massive heart attack resulting in handicapping him severely but the Padres team signed him for life so he doesn't lose his health insurance.

George Bernard Shaw made a case for Single Payer Health Insurance in 1956

Harry Truman received the first Medicare card in honor of his advocacy for national health insurance.

Despite massive increases in revenue, health insurers' profit margins are razor-thin, averaging 3.3%, and that no insurance carrier is on the top 100 firms with highest-paid CEOs.

Although homeopathy is considered a pseudoscience, it is practiced widely in many European countries and even covered by national health insurance in some.

A Michigan doctor who gave chemotherapy to patients who didn't need it, gaining $34m in health insurance reimbursement in the process

Health insurance companies own large amounts of fast food stocks

The largest tax break in the US is the health insurance exclusion, which is estimated to cost $250 Billion in lost tax revenue every year.

If your health insurance contract is written in New Jersey, your insurer must honor prior authorizations from previous insurers.

In 2015 the Australian Government's Department of Health published results of a review of alternative therapies that sought to determine if any were suitable for being covered by health insurance Naturopathy was one of 17 therapies evaluated for which no clear evidence of effectiveness was found

This is our collection of basic interesting facts about Health Insurance. The fact lists are intended for research in school, for college students or just to feed your brain with new realities. Possible use cases are in quizzes, differences, riddles, homework facts legend, cover facts, and many more. Whatever your case, learn the truth of the matter why is Health Insurance so important!

Editor Veselin Nedev Editor