Preview

Private Health Insurance

Satisfactory Essays
Open Document
Open Document
283 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Private Health Insurance
Private Healthcare Insurance
Nowadays, healthcare issues become a big attention to the people in the world. People always want to be healthy, while in the meantime, the risk to be suffered by the diseases are high. By this, illness can come anytime and anywhere. To anticipate this, some people rely on healthcare insurance. Although healthcare insurance has some benefits, it has disadvantage in some conditions. However, people have to have some consideration before they apply the healthcare insurance.
Most of the reason for people who apply the healthcare insurance is to get the safety for healthcare guarantee. When they are going to hospital, the healthcare insurance will help them to pay some of hospital expenses. This safety feeling is caused by moving the health risk to the insurance company. The other reason is, some people think that health insurance are becoming savings for them. At the specified time, they can claim their insurance to withdraw their money.
On the other hand, beside the benefits of the healthcare insurance, there are also some disadvantages. Firstly, the people who has a healthcare insurance policy have to pay insurance premium routinely. But if, they can’t pay it, the insurance company will reduce or lose their insurance premium. Secondly, the healthcare insurance only cover some certain condition. For example when the people are applying for the healthcare insurance only for illness by disease, they not cover for healthcare insurance for accident.
In conclusion, there are some benefits of healthcare insurance to give safety of healthcare to the people. However, there are some disadvantage, especially for the middle class citizen. If government help to cover the citizen healthcare, the citizen will feel safely for the healthcare issues.

You May Also Find These Documents Helpful

  • Good Essays

    The two economic assumptions are (1) there will be fewer insured citizens and (2) the cost of insurance premiums will increase. In a market where there are countless uninsured individuals, they tend to seek medical care less due to the affordability. The short-term impact on the market will cause health care organization will have fewer people to compete for their business; therefore, they will have to increase their marketing technique to gain an advantage on the competition, or there will be a decline in business. In regards to long-term impact, organizations will have to find new methods to be able to service the uninsured population by making health care affordable while still earning a profit. As for premium increase, this too will affect…

    • 381 Words
    • 2 Pages
    Good Essays
  • Good Essays

    This paper will explain the different situation that people face in their every day life. Also, the example will determine what a doctor, medical personnel, or patient should do in any situation involving health care situation. Healthcare has become a main focus of a person life especially if the have a certain disease or illness that’s not preventable. Patients who are in any type of critical condition will face very expensive medical bill for any treatment. Hence, the government is make very hard for people to get medical insurance, and the people who don’t have medical insurance is basically out of look as far as treatment.…

    • 952 Words
    • 4 Pages
    Good Essays
  • Better Essays

    It is beneficial to both employers and employees if any accidents, injury, burglary, or fire. It maintains the employee status for the organization. Economics play an immense role in selecting the correct health care plans which the organization ensure the plans offered accommodate their needs, meeting the standard which is requirements, and are cost-efficient. Corporate owners recognize the importance of developing a plan with the health care insurance provider which can maximize profits and minimize risks for the…

    • 968 Words
    • 4 Pages
    Better Essays
  • Satisfactory Essays

    Chapter Highlights Medical Insurance means many things to many people. To some, it is a mound of paperwork. To other's it is a mass of confusion and replication that seems to change constantly. For a patient with an illness or injury, health insurance helps defray the high cost associated with healthcare.…

    • 370 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    U.S vs Frances Healthcare

    • 3102 Words
    • 13 Pages

    Healthcare is a very important government issue not just here in the Unites States, but all over the world. It is something that has a large affect on every person. There are 200 countries in the world, but not all 200 countries have their own healthcare system, nor do they all follow the same system. There are four major models of healthcare systems Beveridge, Bismark, National Health Insurance, and Out of Pocket Insurance. There are many components to a healthcare system aside from who pays for health insurance. Details such as co-payments, loss of jobs, and bankruptcy all have to be taken into account. Each country chooses the model that they believe best suits them, and some countries choose to mix different concepts from the models or to make slight changes to create their own plan.…

    • 3102 Words
    • 13 Pages
    Better Essays
  • Powerful Essays

    health insurance

    • 816 Words
    • 4 Pages

    A patient cannot be asked to pay a nonPAR in full on the day of service.…

    • 816 Words
    • 4 Pages
    Powerful Essays
  • Good Essays

    The Act was designed to reduce overall health care costs by making services available to the 32 million who currently can't get insurance. They often use a hospital emergency room as their primary care physician, increasing costs for everyone. This starts in 2014.…

    • 947 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Many studies have show that people without health insurance do not get the health care they need. The sicker they become, the more tests, surgeries, and other health care services they need. This scenario increases costs to the health care…

    • 1126 Words
    • 5 Pages
    Good Essays
  • Good Essays

    One benefit of enacting a national healthcare insurance program for low-income families who struggle with the present economical changes, allows each family member to receive medical care that is affordable at little or no cost. Low-income families who are unemployed or live pay check to pay check without healthcare insurance, go without medical treatment and over time can become fatal. Low-income families may be able to afford healthcare insurance through their job, and by enacting a national healthcare insurance program it gives them options of choosing their own medical treatment.…

    • 620 Words
    • 2 Pages
    Good Essays
  • Better Essays

    To begin with, the majority of insurance companies are privately owned and this allows companies to set their own rules and causes health insurance to become unaffordable. First, companies “maximize premiums and…

    • 1215 Words
    • 5 Pages
    Better Essays
  • Satisfactory Essays

    I agree with you, the United States health care system is very expensive. Because of this many people do not have health insurance. People how to have less income they cannot afford the health insurance because of premium and copayment. That makes them jeopardy their health. Uninsured people have less access to recommended care, receive poorer quality of care, and experience worse health outcomes than insured people do. People who are uninsured suffer significant health consequences as a result of not having insurance. Being uninsured has been correlated with poorer quality of health care, lower rates of preventive care, and greater probability of death. Many uninsured people avoid seeking medical care unless they are faced with an emergency,…

    • 157 Words
    • 1 Page
    Satisfactory Essays
  • Good Essays

    Also, uninsured patients primarily do not seek preventive measures for illness but tend to frequently visit the ER once an illness has become unmanageable or presents symptoms, which results in larger medical costs for routine problems that under a covered plan would be treated by the physician at a lower price and a lesser misuse of…

    • 510 Words
    • 3 Pages
    Good Essays
  • Best Essays

    Managed Care History

    • 4302 Words
    • 18 Pages

    Managed care plans and other insurers: By better understanding the past and present of managed care plans and other insurers in the USA, we can make well-grounded statements about its challenges and proper ways of answering them; furthermore, having a health care plan can help to help improve your chances of getting medical treatment to control and reduce the risk of sickness and disease.…

    • 4302 Words
    • 18 Pages
    Best Essays
  • Good Essays

    Health insurance has been a controversial topic for many years. Most people tend to think, assuming they live in the United States, that all citizens should have some form of access to health care. But in reality, many people are unable to afford health insurance so they end up going without health care because that in itself is also expensive. Even when the Affordable Care Act was put into place, people were still facing the lack of coverage due to the high cost of insurance, absence of employment providing health insurance, and people not able to be eligible for public coverage. There are certain consequences when it comes to not being able to obtain health insurance. It has been shown that people who are uninsured are less likely to seek…

    • 1049 Words
    • 5 Pages
    Good Essays
  • Better Essays

    According to National Health Insurance Service’s website (http://www.nhis.or.kr), National Health Insurance in Korea 's history dates back to 1966. Medical insurance was instituted in 1966, but enforcement was held in 1977, and the medical insurance system to target large companies with 500 or more employees was implemented. The medical insurance had been expanded gradually since then. Finally, the health insurance system had been conducted in 1989 for all the people who have been to apply health insurance. In 1998, 227 regional health insurance unions and health care industries of officials and teacher medical insurance were integrated into the National Medical Insurance Management Corporation. In July 2000, National Health Insurance Management Corporation and employee medical insurance associations (139 societies) were integrated. 30th anniversary of the National Health Insurance Service (NHIS) in 2007 and integrated National Health Insurance in 2010 were celebrated. Korean national health insurance is one of the most exemplary models in the world because the national health insurance system is the shortest period of time to expand health insurance for all citizens, and hundreds of health insurance industries were integrated into the a single insurance corporation. Efficiency of management by integrated national health insurance is dramatically improved, and assurance of public health insurance has been enhanced.…

    • 1582 Words
    • 5 Pages
    Better Essays