Health Care Coverage in the United Staes

Health care coverage in the United States is a big business with a relatively recent history. For a company like Castor insurance, providing health care coverage is just as much of a business enterprise as any venture undertaken by a modern organization. As with any business, the central goal idea is to ensure ongoing profitability and viability in an every changing and increasingly competitive environment. Therefore, before offering any company insurance coverage, there are, important economic factors that need to be considered such as which health care package best covers the needs of both the insured and the insurer. To determine the best decision as to which insurance coverage to offer it is important to understand the history and impact of health care coverage in this country.

While it is still widely accepted that adequate health care is an absolute necessity, the high costs and the availability of insurance are relatively new. Early records of healthcare costs in this country are found dating to the end of the nineteenth century as doctors and surgeons began billing for procedures. Prior to and even during this time period health care services were often exchanged and bartered much as livestock or other goods were. At this point in the nation’s history, health care insurance was an unknown idea.

Health Care Timeline

The individual physicians were responsible for setting fees and handling their expenses. Often the fees could only be established based on the understood income levels of the patients requiring services. This meant that physicians were effectively operating as much as businesspersons were as they were as doctors (PBS, 2011). This was the understood system in place until reform began sweeping the medical ind...

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...the same price. From a practical point of view, to insure Constructit is the better choice. The risk assessment has determined that the overall physical health of the employees has less risk and lower utilization.

While obesity is a concern with both companies, Constructit, at approximately $572 per person annually, looks to be the better option. The profit margin is slightly lower with Constructit but has a better return over any fiscal year. In strictly economic terms to insure EEditors would prove to be more costly with the pre-existing conditions associated with the company.

The decision to go with Constructit was based upon a risk analysis that maximized Castor Insurance’s profits. The risk was lower and the potential for profit was higher with Constructit.

At the same time, the monthly cost is within the acceptable range that the employees are willing to pay.