Health insurance is one of the main insurances ones can have in life.Without reliable health insurance any small treatment can wipe out a person financially. " health insurance is a type of insurance coverage that pays for medical and surgical expenses that are incurred by the insured" as defined by Investopedia, 2015. The term ‘Health insurance’ was firstly discovered in the United States during the civil war. Then policies with comprehensive list of benefits were firstly introduced by the Health Insurance of Boston in the early 1847. There is two types of health insurance in any community.
These essentials in the early period health care are still grounded in today’s managed care system with a more improved and expanded coverage of the less privileged in society. This has helped in a major way to close up the gap in health care access between the poor who cannot afford healthcare and the rich who can afford. Reference Kongstvedt, P.R. (2013). Essentials of Managed Health Care, 6th ed.
Introduction People hope for long and healthier lives. Thus, health care is the act of taking Improvement or preventative medical procedures to improve people well-being. Improvement or preventative may be done with surgery, the administering of medicine, or other alterations in a person 's lifestyle. These services are usually offered through a health care system made up of hospitals and physicians. Although, the health care system is set up to reduce or to prevent disease etc., there is a gap or disparity in the US health care system.
Introduction People hope and seeks long and healthier lives. Thus, health care is the act of taking preventative or necessary medical procedures to improve people well-being. Improvement or preventative may be done with surgery, the administering of medicine, or other alterations in a person 's lifestyle. These services are usually offered through a health care system made up of hospitals and physicians. Although, the health care system is set up to reduce or to prevent disease etc., there is a gap or disparity in the US health care system.
There are different forms of insurances, most omnipresent of them is the life insurance, its’ been 100 years that life insurance made its debut in India, still the concept and its repercussion are not widely understood by majority of the population as it ought to be in this era. So what is the need of hour is to bring about the comprehensive awareness program so let us defined what Insurance is and what its different type are. There are mainly two types of insurance, life insurance and general insurance. Life insurance is basically a contract that pledges payment of an amount to the person assured or his nominee on the happening of the event insured against. General insurance is basically an insurance policy that protects you against losses and damages other than those covered by life insurance.
Understanding the importance of provider reimbursement and the different methods of healthcare financing can be beneficial. This can aid in understanding which financing method provides the most benefits to providers. Healthcare providers along with healthcare organizations require funds to assist in the continuation and the revolving of healthcare services. References Casto, A. B., & Layman, E. (2006).
Healthcare is a key component in national development which all governments have to set as a high priority. As the saying goes, a healthy nation is a wealthy nation. Without quality healthcare the working force will be unproductive hence a dwindling economy. Ensuring quality healthcare is a never ending process. Policy makers, bureaucrats and health personnel have to understand their environment, adopt to change, implement plans and many more.
The National Health Insurance model: Since both of the above mentioned models is so widely implemented and successful in their own way, there is a third model which is “the best of both worlds”. This is called the National Health Insurance Model. In this model the private sector pays premiums into a government insurance fund which in turn uses private health insurance providers. Doctors and other staff members’ salaries are determined and paid by the government which leads to patients not having to pay for any basic medical services. The government maintain control in such a system by limiting the medical services they will provide free of charge or by making patients wait to be treated.
National insurance is defined as one of the insurance system that drew up by a federal government to cover all or almost all the citizens in the country. These systems are completely or partially funded with tax money. National insurance will bring a lot pros and cons to the country that carried out this system. In Malaysia, this system are haven’t carried out yet but the other country already have this system such as United Kingdom, United State and other. There are many pros can get by the citizens after carry out the national insurance.
The United States of America is in constant search of a stable financial model for its healthcare sector. The current healthcare system has many broken pieces, and it is important for policy makers to re-evaluate the system at hand and make necessary alterations. The article discusses the three major healthcare payment models: Fee-for-service Payment Model, Capitation Payment Model, and Salary Payment Model. It provides an in-depth analysis of the advantages and disadvantages of all three payment plans. It also examines the economic trends in relation to these payment plans.