The Worst That Could Happen To You Without A Health Insurance

Reports have it that the number of uninsured Americans has significantly dropped, which is a piece of news worth celebrating. However, many still do not have any type of healthcare insurance coverage. The approval of the Affordable Care Act (ACA) enables millions of Americans to look and select for a government-subsidized healthcare plan. The thing about it, though, is that many of the consumers are ineligible for subsidies. While those who have qualified wasted the opportunity for choosing not to participate at all.

According to a U.S. Census report in 2018, there were 8.5 percent of people or roughly 27.5 million adults between the ages of 19-64 that do not have health insurance at any point in the year. The census revealed that the number of uninsured Americans and the rate of uninsured Americans increased from 2017, which is at 7.9 percent or 25.6 million.

With the demographics, here are the possible scenarios for people outside any health insurance plan:


A report by the Transamerica Center for Health Studies discloses that 62% of Americans get diagnosed with a chronic health condition, and only 56% can afford to pay for their health insurance. As the executive director, Hector De La Torre, shared with Investopedia, the ACA requires preventive services to be covered by insurance policies with no co-pay. However, he claims that by not having any health coverage keeps people from accessing this free preventive care. He also explained that preventive care is key in identifying illness or conditions early before developing into a full-blown critical problem. Detecting health problems early on increases the probability of successful treatment and saves much for healthcare costs for treatment.


Living without any health insurance coverage may lead you to medical debt after an individual meets a serious accident or after being hit off a health issue that results in emergency care. Should the need arises, and you need more expensive treatment, not having health insurance can result in poor credit or even bankruptcy. reports have it that for many years now, medical debt has been the number one cause of personal bankruptcy. According to the Journal of General Internal Medicine in its August 2019 issue, there were at least 137.1 million adults who reported having medical financial hardship in 2018.


2018 reports that the ACA tax penalty claims to charge $695 for adults and $347.50 for children, or 2% of one’s annual income is imposed, whichever amount is higher. But when President Trump signed the Tax Cuts and Jobs Act, it stopped the tax ACA imposes on Americans who opted not to purchase any health insurance. The imposition of this tax on Americans without health insurance was automatically stopped in 2019.  However, there remain individuals and families who would rather not have any health insurance, and they understand that they do so at their own risk.


It is obvious how healthcare is costly. Not everyone can afford it, and even if they do, certain medical conditions no longer qualify them. Health is wealth, indeed. For us to take charge and take good care of our health, we need to have the right partners and support team to be able to do that. Getting health insurance is one right move that will help one take charge of his health.  So if you, later on, find how serious it is not to have any more medical debt and how expensive treatment can be, consider right away to get yourself a health insurance coverage.

Based on Materials from Investopedia