Out Of Pocket Model Research Paper

In America, we are struggling and fighting for reasonable wages, prices, and health insurance. U.S. citizens often get upset about hearing anything to do with health insurance and how expensive it is. One similarity that most U.S. citizens have is the fact that we struggle with is obtaining and paying for health insurance. Health insurance is very important, but yet very expensive. The U.S is sponsored by so many payers and it’s hard to maintain, which makes it rise. The U.S. has been ranked #1 for the most expensive health insurance around the world.
The Four models of health insurance which a lot of people are familiar with are the Beveridge Model, The Bismarck Model, The National Health Insurance Model, and The Out-of-Pocket Model. They are all very important in society. The one this paper will focus on is the Out-of Pocket model.

As of today, I believe that people including myself pay an excessive amount of money for health insurance and for co-pays and receive minimal benefits. There are more things listed under health insurance policies that the insurance companies are not going to cover than procedures that they are willing to pay for. By having some correlation between the cost of health insurance and the benefits that we, the clients, are receiving will not only benefit us, but also benefit the companies by increasing revenue. More people won’t be reluctant to spend money on health insurance, less money can be taken from tax payer’s wages for governmental insurance plans, and more people will seek better health