High Deductible Plans In Healthcare
Many people believe healthcare reform is a bad idea and that the government should stay away from healthcare. However, there are many other people who believe that it is a great thing that the government got involved, and created programs to register for mandatory health-care. In, “Healthcare Reform 101”, author Rick Panning discusses some of the main goals of the Affordable Healthcare Act, which are universality, financing, cost reduction, payment reform, quality and process improvement, prevention and wellness.
Uninsured American’s can shop for free or low cost healthcare coverage. Unfortunately, most the working class are covered by their employer with high deductibles and expensive premiums. The shared-cost creates problems for Americans due to disparities in economic and social class. 5. Briefly explain why according to this article average Americans cannot afford health care.
Although this is under Obamacare exchanges, it shows that state-run exchanges can effectively control the cost of premiums. A state that has efficiently and effectively controlled the health insurance markets is California. Through their state-run exchanges, California has managed to control the type and price of care provided by setting up a system that required all health insurers to provide the same deductibles and benefits within each of their coverage levels (Scheffler, Para. 7). Their plan is set up so that “insurers in all marketplaces must offer a defined set of “essential health benefits” in all plans and may offer plans at four coverage levels: platinum…followed in descending order of cost and coverage benefits by gold, silver, and bronze. ”(Scheffler, Para. 7)
Our health insurance gives discounts based upon if the individual is a nonsmoker, exercises daily and age. Pinching people’s pockets is the only way to get them to make lifestyle changes. If we implement a way in which Medicare covers most costs, then it’ll become a standard of care and start to rescue the healthcare system we have today. I believe that changing our system is possible, it just starts with taking an interest in the patient, following up weekly and asking how everything is going. It takes that initial conversation that we have to change our health care system and make it the
People that are at the poverty line can’t afford to pay such high monthly premiums and as a result decline coverage as a choice. We also see the economic concept of self-interest within the article. Often times an imbalance in the health market is created when the younger generation who is usually health doesn’t feel the need to have health coverage. For young folks it is in their self-interest to pay out of pocket only a few times if needed rather than pay monthly premiums. In the end they’ll pay less than they would for having health insurance.
A further problem associated with the costs of Obamacare is the enormous overhead which the production, maintenance, and general administration of the program requires. As Dan Mangan points out, the overhead costs associated with the development and implementation run upwards of $270 billion. In developing this point, Mangan writes, “The overhead cost [of Obamacare] equals a whopping 22.5 percent of the estimated $2.76 trillion in all federal government spending for the Affordable Care Act programs during that time . . . In contrast, the federal government’s traditional Medicare program has an overhead of just 2 percent” (Mangan, 2015). To a considerable extent, the massively large overhead that has historically come to be associated with Obamacare comes from the
Persepolis by Marjane Satrapi is a graphic memoir that reveals the life of a woman growing up in pre-revolution and post-revolution Iran, as well as her experiences in Western countries. In this book, Marjane recalls and highlights historical events that affect her life during her upbringing in Iran. These include the oppression of the Shah, along with the rise and effects of the regime. These events are integrated into Persepolis in order to showcase their effects on Marjane and the other citizens of her country. These events’ inclusion are important due to the context and understanding that they grant readers unfamiliar with the text.
The United States no longer posses the ability to effectively drive down premium costs through the means of insuring healthy people. For example there is a town with ten houses, and, on average, one house a year burns down. If no one in the town pays for insurance they have a 10% chance of their house burning down each year. If everyone in the town pays insurance they spread the risk because no matter whose house burns down no one will have to pay anything as the insurance company will cover the cost of the house that burns down each year and make a slight profit. This is the same logic applied to the whole medical insurance market.
The law that was intended to improve the status quo of health care has, in essence, caused a dangerous paradigm shift in health care costs. Fundamentally, the Affordable Care Act is a failed attempt to reduce health care costs in the United States. The Act was designed to increase affordability of health insurance for extremely low-income families; nevertheless, the Act exponentially increased health insurance costs for the majority of Americans. In America, majority rules-- why should health care be an
Expanding accessibility to affordable healthcare insurance is one way in which our country can begin to increase healthcare that is patient and family centered. One reason for existing disparities are the expenses associated with seeking healthcare. For some people, while the actual monthly payments of their health insurance is affordable, patients still face high deductibles or high out of pocket maximums. By making health insurance attainable for the majority of Americans, this alone is only the first step toward reducing some of the existing health disparities. Money alone is a factor that can deter people from seeking preventive treatment and screenings.
The United States is the only Western nation that does not authorize free health services to its people. The cost of healthcare to the uninsured is beyond prohibitive, and insurance plans are far more captivated with profit costs, rather
Living a healthy life is a struggle to some American citizens, being able to afford to be healthy poses a significant challenge to some Americans. With the costs of a hospital visit potentially being greater than a thousand dollars, many Americans choose to forego treatment and hope they recover from their ailment without medical attention. To combat this issue, president Obama introduced the Affordable Care Act, also known as Obamacare, to encourage Americans to sign up for health insurance to be able to afford healthcare. The ACA provides subsidies to low income families and individuals, fines businesses who do not provide health insurance to full time employees, expand existing federal and state health plans, and sets a standard for health insurance policies. Additionally, since the introduction of the ACA into the American healthcare system, insurance premiums have not increased at the same rate they have previously.
Health care cost has seen to increase gradually as years go by. This has been influenced by major factors such as political influence, emerging chronic diseases, new procedures that are coming up including the technologies being invented for treating illnesses, pricing of medicines and treatment is not regulated and when treating ailment their may arise repetition of tests or a patient gets over treated for a particular ailment. The cost of healthcare has increased due to chronic diseases such as cancer and diabetes etc. The lifestyle people are living in this generation has led to the development of diseases that are expensive to treat or has led to there being over treatment in such for a cure of a particular ailment.
But we already pay for healthcare in our taxes collectively and to insurance companies individually, and it's costing us dearly. We hear stories every day now about how someone died because they couldn't afford their medication or treatment. Of people suffering for years because they couldn't afford to see a doctor. We see the wasteland of suffering that our current system has given us, and we can't let the fear of change keep us from doing better, for all of our sakes.
Medical insurance is a vital part of people’s lives. Without medical insurance it would be hard for most people to afford to go to a doctor for treatment. Not only the cost of paying out of pocket fees for medical insurance but also for deductibles. You can also commit fraud very easily if you are not aware of how to properly fill out an application for medical insurance. There are also many different types of medical insurances that you can apply for, and compare prices if you are having to pay out of pocket expenses.
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