60 Companies Plan to Sponsor Health Coverage for Uninsured

Today, there are approximately 45 million uninsured Americans. 60 large employers are joining forces with the attempt to sponsor several low-cost health insurance options for these people. This program will be offered for a minimum of two years with the goal of getting insurance to part-time workers, contractors, early retirees, and others that are not typically eligible for the employer health plans.

5 of the largest sponsors will begin in April and May to get health care coverage to 7% of the unemployed in the US. These sponsors include General Electric, I.B.M., McDonald's and Sears.

The employers are not going to subsidize the health care coverage, but with a large enough group of participants, the insurance rates that the individuals have will decrease.

The cost of this new plan can range from $5 per month up to $300 per month. By paying $5 per month, a person will be receiving discounts on doctors visits and products that come from the pharmacy. By paying the full $300 per month, a person will receive a high-deductible plan to cover medical and hospital expenses.

This sounds like such a good idea; however, some people are still against it. This is because if a person is not making much money and is spending more money than they are actually making, then some feel that insurance with a deductible isn't worth it. Personally I think that giving people the option of having a cheaper form of insurance is better than nothing at all.