Health Insurance Subnetwork

Despite reservations amongst Republicans, President Barack Obama signed the Patient Protection and Affordable Health Care Act on March 23, 2010. This law was set to give coverage to 32 million uninsured citizens, introduces subsides so that middle and lower income families can more easily purchase insurance and stops insurers from refusing health coverage to people with preexistent illnesses (Clemmitt, 2010). Evaluating this law five years after it’s signing, the percentage of U.S. adults without insurance dropped 4.5 percent to 11.9 percent in early 2015. Attitudes towards the law have improved with an increasing number of people seeing its benefits over time and although there have been issues with the law, the rate of the growth of health care spending has actually decreased, with a 2013 rate of only 3.6 percent (Vaida, 2015). This current plan isn’t perfect and America still sees its civilization with countless uninsured individuals but it is a step in the right direction. Our nation won’t see a working universal health coverage system until a majority is on the same page regarding the issue and realize idealized results. The quickest way for America to come to this is for states to model other nations and develop their own individual plans so that our society can discover the most efficient option. It may be a single payer system or a government aided pluralistic system (Tanne, 2007), but experimenting with what is successful and what has potential to work is key to finding America’s perfect health-coverage fit and improving our efficiency of spending towards it (Clemmitt,

Rising health insurance premiums have made healthcare unaffordable in the United States. Health insurance premiums in this country have undergone a steady rise over the past few years while incomes have remained the same. More than 50% of individuals with low incomes holding private insurance in the United States are unable to afford their healthcare costs (Collins, Gunja, Doty & Buetel, 2015). In addition, costs related to healthcare are equally unaffordable to 25% of working-age individuals who hold private health insurance policies (Collins et al., 2015). According to the Kaiser Family Foundation/Health Research and Educational Trust (Kaiser/HRET) survey on employer health benefits, employer-sponsored health insurance plans have also had moderate rises in premiums in 2013 for both individuals and family coverage (Claxton et al., 2013). While

The cost of health insurance has changed drastically over the years as it has become more expensive. Depending on personal characteristic, the cost of health insurance may vary. For instance, as individuals grow older the more expensive it becomes. In this case, health insurance is more costly because “older individuals require more health care” therefore “the cost of providing health care is rising” (Madura &Atlantic, 2012). Not only does this affect the high cost of health insurance, but the number of individuals uninsured. As stated by Madura and Atlantic (2012), “about one in every five workers is uninsured” and has increased since then because health insurance has become unaffordable. As a result, individuals tend to seek health care elsewhere as they can no longer

This report is gives a look at numerous factors affecting healthcare and how a lack of insurance has implications to not just the individual, but society as

In America, we not only have the problem of the non-insured but the under insured which causes just about as much problem as the underinsured. Each group has contributed to the vast growing cost of healthcare. Over the last decade or two, the amount of uninsured has risen due to the job market in the economy and the fact that most insurances are tied to employment, which is also a problem as the unemployment rate rises. The purpose of this paper is to explore this issue.

The complexity of health care could take the rates on a massive trajectory that does not favor the people covered. Therefore, the financial protection that the levels of health insurance covers, help to guard against the risks related to the unexpected costs of health care. The source of coverage could still have an impact by the insurance coverage and financing alternatives that one has access to; Conversely, private insurance, social insurance, and the national health services are the types of healthcare systems by funding and provision. As we look to health care coverage and the reform of Obamacare, I’ll analyze the impact of the uninsured in the industry and look for a resolution to improve the

High concentration in the market, as we all know, leads to market inefficiency, where insurers are able to set inadequate or unfairly discriminatory premium rates. Few oligopoly firms operating in the statewide markets are definitely to use market power for their advantages. These can be tightening barriers to entry what some of the US health insurers have been doing. For instance, large insurance companies like UnitedHealth Group, WellPoint and Aetna have been acquiring existing smaller health insurers without developing their own networks and products. These acquisitions tend to decrease competition and thus making insurance market more concentrated. On the other hand, there are more of the few ways of getting rid of competitors, one of them being through cost-efficiency. As far as Choi and Weiss (2005) concerned, cost-efficient firms are able to minimize cost and thus charge lower prices than competitors, which

For those Americans not covered or find their work coverage too expensive, there is a new way for them to buy insurance on their own called Health Insurance Marketplaces. Some states have named these marketplaces something else. The Health Insurance Marketplace is like a virtual insurance megamall where private insurers compete for American’s business. Americans can pick out how much coverage they want, how much they want to pay for it, from cheaper high deductible plans to more expensive plans. Regardless what plan is chosen, all plans will cover a complete set of services like hospital visits, doctor visits,

Middle-income earners, those who “had incomes ranging from about $42,000 to $125,000 in 2014” (Fry & Kochhar, 2016), are often hit the hardest by what one could deem a coverage gap. This gap exists because many middle-income households do not qualify for Medicaid or sufficient subsidies and cannot afford to purchase plans in the top two, Gold and Platinum, insurance tiers. They are instead

Health care reform and access to insurance have been staples of the American political agenda ever since the end of World War II. From President Truman’s call for universal coverage in the late 1940’s to the creation of Medicaid and Medicare to the Affordable Care Act, both parties have debated how to lower the rate of uninsured Americans. After nearly 70 years of debate in Washington and beyond, the number of Americans with health insurance has certainly grown (Miller, 2014). However, the number of people in the United States without coverage is still unacceptably high and a problem that should be addressed with a great deal of urgency and care.

While the ACA has been successful in reducing the rate of uninsured, it has failed in a number of other areas. Data organized by age reveals significant problems when it comes to groups who are uninsured, we can see a stark contrast between age groups. Among the 15.7% of Americans that are uninsured, approximately 55.2% of those are comprised of Americans aged 19 to 34 years of age. This is relatively unsurprising as young people have always been less likely to purchase health insurance as the result of what many have described as some sort of invincibility complex. The data on uninsured Americans becomes truly interesting when analyzing the data as it relates to race and ethnicity. Whites compromise 64.3%

The article deals with the trichotomy that presents itself in Canada, Insured America, and Uninsured America. The article is an analysis of the differences between all three with more focus on how uninsured America is separate from the other two. The focus is on the aged old question of “Whose residents have better access to health care, the United States’ or Canada’s?”(699). Morgan and Kennedy state that the Joint Canada U.S. Survey of Health data showed that despite major differences in their health systems, most Canadians and Americans get the care they need. The problem is that a certain group, uninsured America, are much more likely to report serious access barriers. About “one-third of currently or recently uninsured Americans”, aged

The issue with health care in the United States is similar to a domino effect. Each sociological factor such as race, ethnicity, socioeconomic status, and gender all inter twine. This domino effect occurs when one factor connects to another factor in which creates a cycle. This cycle involves inequality, discrimination, and unequal distribution of quality. According to multiple research and scholarly articles, the health care system displays many issues and flaws when it comes to the care and coverage for people depending on their social status.

The United States is world renowned for having the best health care if not the most accessible. Citizens have at their disposal a plethora of hospitals, physicians, and therapists to improve their well-being. Statistical data was taken back in 2010 under the Central Texas Region and studied health care coverage and income in regards to the community. The data displayed in the surveys heavily suggest that income/ health in general have a high correlation. The issue that arose with the given data imply that those who are on the lower end of the income spectrum subsequently have no health care coverage and poorer health than those with higher income. In any case with high correlation there are a number of factors influencing the statistical evidence, and in this case sociological barriers are present in regards of inequality and health care.

The health sector is among the most important sectors in the United States economy. The government has enacted certain laws that affect the corporation’s activities and the insurance industry in general. The regulation affects competition among the health insurance companies, and the insurance industry in general.