Benefits Of Public Health Insurance

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Health insurance is available from several sources. Private health insurance is provided by private companies. Subscribers pay health insurance companies a monthly fee for health insurance. In return, the company agrees to pay the doctor and hospital costs if the subscriber gets sick. There are different levels of coverage that a subscriber can purchase, but the cost of a health insurance policy is also set by the amount of risk the subscriber is willing to take. The more expense the subscriber is willing to pay, as either deductible or co-payment, the less the insurance company will charge for the insurance. Some Americans purchase their own health insurance, but most employers pay for the health insurance of its workers. Often this insurance is considered an employment benefit in addition to the employee 's salary. A third provider of insurance is the United States government by designating part of its budget for health care which flows into two main programs for medical insurance. The Medicare system provides medical coverage for those over age 65. In addition, younger people with certain disabling illnesses or injuries are eligible for Medicare coverage. Those who are under age 65, but do not have health insurance because they are too poor to afford it, are eligible for medical coverage through Medicaid. Medicare is funded by federal income taxes, while Medicaid is funded by a mixture of state and federal taxes. Medical insurance for those who cannot obtain it elsewhere is actually paid for by the more affluent citizens not directly, but through taxes. The Affordable Care Act is the new health care reform law in America and is often called by its nickname Obama care. After listening to the reading from “Looking Ahead: The Futu... ... middle of paper ... ...the ability to force health care organizations to compete for business by lowering their costs of services provided; this competition takes place among hospitals, physicians and health plans. Physicians may compete for patients who are able to pay for services and do not have health insurance, or for patients who have their expenditures paid for by third-party insurers. Physicians also compete on a non-price basis for location, colleagues’ referrals, and reputation. It is essential to compete for both the patient population and for non-tangible assets, as well. The health care industry is undergoing a rapid transformation to meet the needs and demands of its patient population. Employers and managed care organizations are demanding better service and higher quality care, while providers are trying to deal with reimbursement cutbacks and serving a diverse population.
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