The Cost Of Health Care And Health Insurance Coverage Essay

The main function for health care financing is to pay for health insurance premium and reimburse health providers for services delivered. Still, there is a crucial challenge when creating health insurance plans, provide coverage for “health care needs without encouraging unnecessary spending.” (Maas) Over time, health care financing has been evolving, and now consumers can acquire health insurance through government programs like Medicare, which it is for the elderly, for certain individuals with disabilities and end-stage renal disease. Therefore, any person who meets the requirements can enroll to this program. Also, there is Medicaid, which it is the program for the poor, and Children’s Health Insurance Program best known as CHIP, which insure kids who come from low-income families. Nonetheless, there are several types of private insurance like self-insured plans, individual private health insurance, Medigap, and group insurance program, which it is “… a substantial number of people in the group will purchase insurance through its sponsor.” (Shi, 2019, p. 224) Further, thanks to the diversity and wide range of health insurance

Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage may get the best medical treatment in the world, the health of the average American, as measured by life expectancy and infant mortality, is below the average of other major industrial countries. Inefficiency, fraud and the expense of malpractice suits are often blamed for high U.S. costs, but the major reason is overinvestment in technology and personnel.

Health care expenditures is an increasing proportion of gross domestic product (GDP) in Organization for Economic Cooperation and Development countries as its share in GDP increased by an average of nearly 2 percent annually in last 40 years. Health care expenditures in the US increased 6.2 on average annually between 1991 and 2011. Health care spending consisted 17.9 percent of GDP in the US in 2011.

Health care plans are policies created to aid the patients in accessing medical services in form of insurance to cover the expenses incurred during treatment and hospital care. In analyzing the options given by two major health care plans elaboration will be based on two major insurance schemes namely indemnity insurance plan and Managed Care plan. All these vary yet with a common aim of providing medical services to the patients. In order for the analysis, consideration will be based on the costs and the coverage. These two plans differ in many important ways, more so in regard to how the services are offered, the way to obtain special care and the cost of care after recovery. Despite the diversities, the two care types share many

A.2) The united state health care system is the most expensive health care system around the world; this is why about 47 million people are without coverage because they cannot afford it. There many Americans’ who are in need and really need to see a physician, but refused to go see one because they don’t have insurance and they cannot pay such a high medical bill, so they would just not go while their medical condition is possible getting worse (PalFreman.J &

“The biggest problem with health care is not with insurance or politics. It is that we are measuring the wrong things the wrong way” (Kaplan & Porter, 2011, p. 46). Total healthcare expenditures and expenditures as a percentage of GDP have been considerably higher in the U.S. Hospital care, physician and clinical services, and drug prescription expenditures have been the principal components contributing to growth in healthcare expenditures in the U.S. compared to other countries. The study also analyses and compares the growth of healthcare costs. Three different perspectives on the health care “cost crisis” are understanding the value of health care, most health care costs are fixed and healthcare cost covered by health insurance program. In this paper share ideas to help solve the cost crisis in healthcare.

Most families can’t afford to have kids because money is short or they can’t afford medicaid, They can get prenatal care, Prenatal care is medical care you get during pregnancy. No Co-Pay means you would not have to pay your health provider each time you have a prenatal check up.

There is no doubt that healthcare cost are rising out of control. No one likes the

The cost of healthcare continues to rise in the United States. Americans are struggling to pay out of pocket expenses related to needed surgeries. Many individuals are responsible for the entire bill because they don’t have any health insurance. Many people are now reaching out to other countries for needed live saving procedures. This paper will explore some of the reasons for this change, the trends, and the globalization of healthcare along with the pros, cons and risks to the patient. The questions that begin each paragraph are the homework assignment questions. A decade ago the idea that medical procedures might move offshore was unthinkable. Today it is a reality. What trends have facilitated this process?

During the Great Depression, the pre-paid services began to grow rapidly and BCBS began to provide doctors with reimbursement for services as well as providing discounted services to the hospitals (Lichtenstein, n.d.). This helped to increase the prompt payment and volume of need to these hospitals. While increasing the availability of need and the need for prompt payment after services, “several large life insurance companies entered the health insurance field in the 1930’s and 1940’s as the popularity of health insurance increased” (Northern California Neurosurgery Medical Group, Inc). While there was a huge increase after the Great Depression, it “inadvertently inspired the spread of employer-based health insurance, World War II accidently

There are multiple different society or social triggers that have affected the cost of health care. Patients are unable to be seen the same day by a physician are willing to pay a significant increase in healthcare charge just to be seen the same day (MBA, 2012). It is understandable if you are ill but still contributes to the increase in health care costs. Also, many individuals have a set mindset that quality care is equivalent to more care, therefore, making it difficult for physicians to control patient health care output cost (MBA, 2012). The more un-needed tests that a patient has, for example, leads to an increase in health care costs. Some citizens just prefer to see an emergency department (ED’s) than an after-hours or a same day clinic which contributes to an increase in health

As the health insurance exchanges find their footing and potentially millions of Americans gain access to insurance, this may be a good time to step back and take a longer term view of the ACA. When you get down to it, expanding health insurance coverage was the easiest and least controversial part of health reform. There is no shortage of ways to expand health coverage and almost any credible health reform proposal would have done the job, provided enough money was thrown at the problem.

There has been a lot of talk and debate lately over Health Care Reform, as people are trying to answer the question – Should a universally accessible health care system be implemented in the United States (US)? This ongoing highly debatable issue remains a hot topic among US citizens from all walks of life, from the very poor to the very wealthy. Health Care Reform affects everyone. The vast majority of the US population is very dissatisfied with the current state of health care. According to the ABC News and Washington Post cooperative poll, 57 percent of Americans aren’t satisfied with the overall system of health care (Langer, 2009). Consequently, the issue of the Health Care Reform was born, but before analyzing the

The LCH model posits that people save when income is greater than the resources needed to meet current consumption and that people borrow when income is insufficient. The basic model of the LCH, however, does not explicitly consider financial shocks, such as an unexpected health condition and the corresponding impact to savings or the accumulation of debt. Debt associated with a home or car loan is viewed as a necessity while credit card debt is frequently viewed as excessive spending; but in reality, those in severe credit card debt are often those who have experienced a recent job loss and/or health problems (Drentea & Lavrakas, 2000). As people age, their health care needs begin to change. An increase in the consumption of health care services may require the allocation of additional household resources to health care costs not covered by insurance and depleted savings. The increased use of health care services may also lead to increases in borrowing (Kim, Yoon, & Zurlo, 2012). As more employers eliminate retiree health insurance coverage, retirees will have Medicare as their primary source of health care coverage. Some retirees may even have a gap in coverage if they lose their job or retire prior to the age of 65, when they become eligible for Medicare. This occurrence may lead to a significant number of consumers being exposed to a higher potential for medical debt.

Purchasing a health insurance plan online is a step in the right direction, for securing you and your family's health and financial well-being. However, while purchasing a health insurance plan online may seem easy, but the reality is quite the opposite.