Short Term Health Insurance May Be The Answer To 47 Million Uninsured Americans. - More than 47 million people in the United States are not covered by health insurance, despite the fact that it is practically a necessity in today's world. One of the primary reasons for the fact that so many people are uninsured is the fact that the cost of medical insurance is on the rise, and many people simply cannot afford it. When faced with a real medical emergency, many people can find themselves going bankrupt simply because they cannot handle the bills that pile on following an illness or injury. More than half of all bankruptcies in the United States are caused by medical expenses that were not only unexpected, but uninsured. Luckily, there is a solution.