Pros And Cons Of Privatized Health Care

The United States (U.S.) has a multitude of options for health care coverage. People have the option for private or public coverage. One example of public coverage is Medicaid and an example of private coverage is Blue Cross and Blue Shield (HCSC, 2015). There are many differences between each health care option, the biggest difference is the price you are paying. This paper will discuss the differences between private and public health insurances as well as the cost for each.

The private health sector tends to be beneficial for the service user who can afford quality treatment leaving others having to rely on the states medical interventions which includes long waiting lists and several appointments before diagnosis.

A Health care system of any country is an important consideration for the purposes of the overall development. One of the most important and essential feature of the human body is the health and the systems. In the same manner, proper management is also necessary. Furthermore, all the countries of the world have few targets and achievements to be made. On the other hand, it should also be noted down that, economic development and social welfare the two most are the two important factors. Economic welfare is connected with the increase in the wealth of the people at large (Niles, 2011).

Health care spending in the United States of America as a percentage of the economy has reached astonishing heights, equating to 17.7 percent. This number is shocking when compared to other counties; in Australia health care is 8.9 percent, in United Kingdom 9.4 percent, in Canada 11.2 percent. If the American health care system were to hypothetically become its own economy, it would be the fifth-largest in the world. While these statistics sound troubling, they lead us to look for answers about the problems surrounding our system. The first health insurance company was created in the 1930s to give all American families an equal opportunity for hospital care and eventually led to a nationwide economic and social controversy that erupted in the 1990s and continued to be shaped by the government, insurance companies, doctors, and American citizens. In this paper, I will go in to detail about the various opinions regarding the controversy, the history behind health insurance companies, and the main dilemmas brought out by the health care crisis. Greedy insurance companies combined with high costs of doctor visits and pharmaceutical drugs or the inefficient hospitals all over America can only describe the beginning to this in depth crisis. Recently, the United States health care industry has become know for the outrageous costs of insurance models, developments of various social and health services programs, and the frequent changes in medicinal technology.

Health insurance is important as it allows people to receive health care. However, health insurance providers are not equal, which result in an unequal quality of care. Private health insurance leads to an increase quality of health care. This is show in the article “A National and State Profile of Leading Health Problems and Health Care Quality for US

By understanding the two opposing systems regarding health care, I believe that the Canadian health-care system should in fact be privatized. Despite the fact that the public health-care system is a great way of providing medical care to everyone, I believe that I am not receiving the best health-care that I could be receiving in other countries. Another reason why I favor privatized health care over publicized is because of what progressive taxation imposes among individuals who have a higher salary, they are taxed at a higher rate, due to the fact that they possess a larger amount taxable than those who do not make enough. I believe that hard working, successful individuals should be able to take advantage of their accomplishments, therefore

The idea is to create a government-run health care plan that would be an alternative to the private insurance plans offered under the Affordable Care Act, or provide a fallback in markets where insurers have been pulling out. A public option could also be a way to stabilize the exchanges because a government-run plan could be used to enroll the people with the most expensive medical conditions. The private insurers would be more enthusiastic about selling policies because they might have to worry less about losses. Public option is simply a public health insurance agency, typically a government-run agency that can compete with the private insurers. This is sort of a half-way point between single payer and the pre- ACA private market. Almost

How many U.S. families are in thousands of dollars of debt due to the outrageous costs of healthcare? People are steering clear of medical attention that they know they need because they want to avoid this debt that they will inevitably get into. There is a solution for these people that need relief from their physical and financial problems. Socialized medicine is a system in which the government owns and regulates all aspects of the healthcare industry, which gives the common people a chance to get the medical attention they need.

Health care is a very well known topic that is talked about in the United States. There are many reasons for free health care, but the main reason is that it is for the people who can not afford it. Health care is a necessary need for every human being, and it should be provided to every human, no matter how much money the individual have.

Some of the pros for managed care are; Preventive care — HMOs pay for programs, they are set up and are intended at keeping one healthy (yearly checkups, gym memberships, etc.)The idea is, so they won 't have to pay for more costly services when and if one gets sick. Lower premiums — Because there are limits set as to which doctors one can see and when one can see them, HMOs charge a premium and usually they are lower premiums. Prescriptions — As part of their precautionary retreat, most prescriptions are covered by HMOs for a co-payment that also can be very low. Fewer unnecessary procedures —doctors are given financial incentives from HMOs , to provide only needed care, so doctors are less likely to

Socialized medical systems are designed to disregard the insurance industry and disregard income while providing health care for all. Healthcare in the United States is constantly changing and advancing, which requires the cost of health insurance to rise. The idea of socialized medicine is prominent, until the aspects of socialized medicine are brought to attention. Every aspect of a socialized health care industry is controlled and powered by the government; most doctors, nurses, medics and administrators are government employees, and the government decides when, where, and how services are provided. Even though socialized healthcare systems would save money, it is a prominent idea but not worth the problems because total government control over the way healthcare is distributed would result in complications of the citizens.

A study done in 2001 found that diseases like obesity and heart disease were higher among patients in public hospitals than in for-profit hospital (Huang 2). This shows that private facilities are often better than public hospitals and emphasizes the idea that the best health care is for those who pay the most money for it. Additionally, private hospitals have a greater and often faster access to the current medical technology giving their patients the best treatment currently possible (Collins 8). On another note private hospitals are operated in more of a business like manner and therefore do not accept everyone if they feel like they cannot pay (Huang 1). As a result for profit hospitals receive more financial gain and are able to attract finer doctors because of the salaries offered. It was hoped that private hospitals and public hospital would be equal institutions but because private hospitals have a greater access to money and resources they are usually better than public hospitals.

One of the issues that is widely discussed and debated concerning the United States economy is the healthcare system. Unlike in the majority of developed and developing countries, the healthcare system in the United States is not public, meaning that the state does not provide free or cheap healthcare services. This paper addresses many of the factors contributing to the rising cost of healthcare.

Medicare is a federal health insurance program that provides benefits to American citizens and permanent legal residents (of at least aged 65 and older, or who have a qualifying disability or illness (Key Milestones, 2005).

Healthcare in the United States is rooted in the private sector. The private sector directly funds 56% of the expenditures through private health insurance, household expenditures and copays, and other private expenditures. (CMS, 2014) The US healthcare system can thank the private sector for providing much strength such as new diagnostic technologies, innovative treatments and procedures, and dynamism. American hospitals and physicians are regarded internationally as being of high quality. Americans can also be proud that the physician- patient relationship is among the most trusted and valued relationships in the country. By allowing the private sector to take a lead role in the healthcare system, the United States values