Health Care finance, insurance options, distribution of insurance, and how ...
... middle of paper ...
...nt Plan (HRP). Many employers (usually smaller and mid-sized) set up an HRP to reimburse employees for individual health insurance premiums - instead of offering a group health plan (Merhar C. 2016).
In conclusion, health care finance in the United States is complex and controversial subject. The number of uninsured has decreased and the Affordable Care Act and Patient Protection Act improved access to affordable healthcare, but with some significant issues to those mandated to participate. The evolution of the employer-based insurance model and the private and self-funded insurance plans continue to change. Health care finance in the United States continues to be challenging, and evolving, and continued efforts to reduce spending, improving healthcare quality and safety, and access to all Americans needs to be a top priority.
Need Writing Help?
Get feedback on grammar, clarity, concision and logic instantly.Check your paper »
- Introduction Convincing the younger generation of adults has been the biggest challenge and hurdle that the health insurance sector is facing. These individuals represent a large number of the population that is least wealthy but mostly healthy to purchase medical insurance covers, which is valued by many while other have the notion that it is not worth the cost nor affordable (Cunningham & Bond, 2013; Kaiser Family Foundation 2013). For example, in America, under the Affordable Care Act (ACA), eight million people signed up for the new health insurance policy of which 2.2 million or about 28 percent were aged 18 to 34.... [tags: Health insurance, Health care, Insurance]
926 words (2.6 pages)
- When you are switching jobs, here are a few things you need to know that will help you decide what to do about your health insurance. • You can choose to opt into COBRA insurance, which is a federal law that extends your employer-based health insurance while you are switching jobs. • You can choose a health insurance plan through the Affordable Care Act (Obamacare) marketplace. • You can shop for a short-term or private health insurance plan as a safety net to cover your basic health care needs.... [tags: Health insurance, Health care, Insurance]
723 words (2.1 pages)
- Health insurance, too many American citizens, is not an option. However, some citizens find it unnecessary. Working in the health care field, I witness the effects of uninsured patients on medical offices. Too often, I see a “self-pay” patient receive care from their doctor and then fail to pay for it. Altogether, their refusal to pay leaves the office at a loss of money and calls for patients to pay extra in covering for the cost of the care the uninsured patient received. One office visit does not seem like too big of an expense, but multiple patients failing to pay for the care they receive adds up.... [tags: Affordable Care Act, healthcare, health, insurance]
1259 words (3.6 pages)
- U.S citizens should be given the opportunity of having affordable health insurance such as the Affordable Care Act (ACA), because it will allow proper medical attention for Americans, and benefits the overall health of America. The ACA, better known as Obamacare, is a government act enforcing laws that all American citizen and business owners to purchase healthcare insurance, or pay an annual penalty for not doing so. The health care act benefits Americans immensely by providing affordable healthcare for Americans living below the poverty line and expanding medicaid coverage to more citizen.... [tags: medicaid, affordable care act, health insurance]
1051 words (3 pages)
- Reforming health care system has been a hot topic for many years. A society's commitment to health care reflects some of it's most basic values about what it is to be a member of the human community (Cockerham, 2012). Legislators have been proposing diferrent policies in an effort to solve this dilemma without significant progress. All proposals to expand insurance coverage have had certain flaws and were sometimes far from being ideal or even realistic. Obama Affordable Care Act presents a reasonable approach to effectively address this challange by building on the current system.... [tags: Affordable Care Act, health insurance, healthcare]
1111 words (3.2 pages)
- The health and achievement of the new Affordable Care Act depend on many elements, and enlisting adequate young adult employees in health insurance is one of the serious projects. The fact of the matter is that young adults don 't understand health insurance essentials, and that makes it confusing to hunt for the right plan. Under the Affordable Care Act, insurers in the appropriate institution have to cover everyone who wants to subscribe. Insurers are also governed in how much they can alter premiums based on age.... [tags: Health care, Health insurance, Medicine]
716 words (2 pages)
- On April 1, 2014 president Obama stated, “Millions of Americans finally [have] the same chance to buy quality, affordable health care -- and the peace of mind that comes with it” (Obama, 2014). He made this statement during a speech about the Affordable Care Act that was put into action March of 2010. The Affordable Care Act was created to make sure that everyone had equal access to affordable health care. With this act being created, the government had to place strong regulations on insurance companies to ensure they were remaining easily accessible to consumers.... [tags: Health care, Health insurance, Insurance]
2042 words (5.8 pages)
- Affordable Care Act In October 2013, the Affordable Care Act introduced a new insurance market. It created state and federal exchanges where people can purchase health insurance for themselves or their families. The current state of the American health care can be described in several terms. In terms of rising cost and spending, healthcare is adding pressure on the economy. In terms of the healthcare insurance system, it is becoming more complex and it increasingly shifts more and more burden to the individuals (Chen, 2014).... [tags: Health insurance, Health care, Supply and demand]
1197 words (3.4 pages)
- The Affordable Care Act or ACA in short emerged from bills such as the Affordable Health Care for America Act, the Patient Protection Act, and several other acts and amendments (Longest, 2015, p174). Through a series of revisions and extensions, those multiple laws became what is known today as the Affordable Care Act or ACA. “The Act establishes the basic legal protections that until now have been absent: a near-universal guarantee of access to affordable health insurance coverage, from birth through retirement” (Rosenbaum, 2011).... [tags: Health insurance, Health care, Insurance]
1121 words (3.2 pages)
- The Affordable Healthcare An array of challenges that faced the United States healthcare system in the present century attracted a myriad of concern. Attempt by President Bush in 2006 to foster health care reforms did not bear fruits; political factions took sides and were divergently opinionated over the proposed reforms. Since its enactment in 2010, Affordable Health Care Act (ACA) enables individuals and families of diverse class and occupations to be in control of their own health care. Despite its challenges, ACA has been effective in reducing health care premium costs for the millions of Americans Background to the U.S.... [tags: Medicine, Health care, Health insurance]
928 words (2.7 pages)