Rising medical costs driving country into a financial crisis – Greenville, The Daily Reflector

Medical costs have risen by an annual rate of 4.73 percent since 1990 and increases at this pace threaten to drive the county and its citizens toward financial disaster.

Companies and individuals that purchase insurance also know that the premiums and out-of pocket costs are continually rising. Additionally, many people are not able to obtain health insurance for a variety of reasons — from denied coverage because of a preexisting medical condition to insurance’s lack of affordability.

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