June 24, 2024

Serene Nest

taking care of your health, Our Mission

The business of health care and health insurance

5 min read

Editor’s Note: The following is part of a class project originally initiated in the classroom of Ball State University professor Adam Kuban in fall 2021. Kuban continued the project this spring semester, challenging his students to find sustainability efforts in the Muncie area and pitch their ideas to Ron Wilkins, interim editor of The Star Press, Journal & Courier and Palladium-Item. This spring, stories related to health care will be featured.

In the U.S. health care industry, individuals with chronic diseases make up 86% of health care costs, according to a 2020 article published on the National Library of Medicine’s website, and chronic disease is one of the main variables that increase health care utilization.

The more chronic diseases you have, the more money you are going to be spending on health care, according to an article in the Journal of the American Medical Association.

Healthcare bills and statements are strewn across a kitchen table. The costs listed within the Hoosier’s statements demonstrate the importance of obtaining quality health insurance with prices ranging from $90,000 to $276,000 for uninsured hospital visits.

Conversely, insurance companies inherently want to avoid high-risk individuals who could potentially cost their company the most money, meaning that these “vital few” are the exact same group that health insurance agencies are attempting to avoid.

For individuals like export manager Pamela Stevens, this means being stuck between two complex industries that are both driven to extract a profit from their customers.


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