ipl-logo

Pros And Cons Of Medical Insurance

849 Words4 Pages

A medical insurance policy has many advantages to the health of both high and low-income earners. Health insurance policies are based on the principle that one may unexpectedly feel unwell, or may be diagnosed with chronic diseases unexpectedly. The sickness may require tender care and expensive medications, yet an individual may not be prepared financially. In such cases, the medical insurance that covers such an individual will come to finance their medication, which may be expensive at the moment of illness.

What is an insurance policy? Medical insurance is an agreement between an insurance company and a person who wishes to safeguard their health. It is more of a contract where the policy-holder pays monthly premiums. The money the policyholder pays will be used as the security for their medication in case they become unwell.

The Affordable Care Act or otherwise referred to as Obamacare of 2010 in the United States has seen the number of medically insured people rapidly rise. Furthermore, the initiative of the World Health Organization to sensitize people to have medical insurances has significantly risen the number of people with health insurances.

How popular is medical insurance? …show more content…

These insurance firms and insured people are fewer in developing countries and among people with low incomes, despite the companies' usefulness when it comes to financing the medical care of low-income earners. Even in the low-income countries or developing countries, it's mostly the high-income earners that take the initiative seriously. A striking report by the American Journal of Medicine, however, revealed that individuals are not likely to fill any prescriptions with high premiums or those that are not covered by an insurance firm, regardless of their

Show More
Related

Laquetta Why Is It Important To Clinical And Administrative Care

268 Words | 2 Pages

Laquetta Why is it important for the clinical and administrative staff to be knowledgeable about how patients’ health insurance coverage applies to the patients’ care? It is important that they know the insurance they have and etc to see is the insurance except, to make sure its still active and to for show make sure that what the visit is for the insurance will cover it. Some insurance places doesn't pay for certain things and therefore, its for the patient to pay for it. Some doctor office only take certain insurance. Also, Some places will not do the work with out running the insurance and making sure everything is covered.

Read More

America's Economy Its Frontier Lawrence Shames Summary

1170 Words | 5 Pages

Lawrence Shames has a great concept of America and its culture. In the ‘Major Factor’ he said ‘ America’s economy is its frontier.' This is true. From 1800’s the America is digging to get into the new world through growth and development and generating revenue. In Texas, the new towns were built up, and a railroad was built nearby.

Read More

How Does Steinbeck Use Biblical Allusions In Cannery Row

244 Words | 1 Pages

In “Steinbeck's Cannery Row: The Gospel According to John,” Charles L. Etheridge Jr. explains his formalist viewpoint on how Steinbeck’s biblical allusions in Cannery Row helped establish his theology. Etheridge references Steinbeck’s use of the biblical theme of light in the first section of the novel and how Steinbeck’s “objective narration” (Etheridge 2) presents itself in Cannery Row. Steinbeck also presents a straightforward biblical allusion through rendition of the Lord being in nature and balancing life. Likewise, Etheridge mentions how Steinbeck uses the tide pool in Cannery Row as a microcosm of the real world and as a metaphor for life creating other life.

Read More

Pros And Cons Of Insurance Reimbursement

595 Words | 3 Pages

There is an increase in healthcare spending in the United States. In 2014, about one of every five dollars or nearly $3 trillion dollars was spent on health. At the current rate, it is estimated that in 2020, the US will spend $13,710 per person and 20% of GDP on healthcare. In efforts to provide greater health care coverage, recent healthcare legislation (Affordable Care Act) guidelines changes insurance reimbursement for providers.

Read More

The Pros And Cons Of Obamacare

838 Words | 4 Pages

The external environment around Obamacare consisted of the citizens of America as well as the politicians who represented them. Americans up to 2010 were not receiving the health care they so direly needed. A population recovering from recession in 2008 coupled with high medical costs, led to a concerning amount of Americans not getting the medical care they need. In 1999, 9% of the American population did not get the health care they needed because of cost; this number jumped to 15% in 2009. This problem was even more evident for the numerous Americans who were uninsured.

Read More

Universal Health Care Pros And Cons

1259 Words | 6 Pages

Developed countries around the world have embraced the universal healthcare, with America being the only exception. Access to healthcare is considered one of the most important things for the progress of a country. However, many people in America consider that the healthcare system in the country is quite inefficient. It is estimated that more than 45 million Americans have no medical insurance.

Read More

Pros And Cons Of The Affordable Care Act

1407 Words | 6 Pages

As the United States progresses into the twenty-first century, so does the health care system. While gridlock in the U.S. House of Representatives succumbed, President Obama and his administration celebrated with the passing of the Affordable Care Act in 2010. Despite millions gaining access to health care and becoming insured, the law brought much opposition. The opposition argues that the law is too controversial and that the flaws have worsened the health care system. However, the various flaws of the care act are outweighed by the many beneficial factors.

Read More

Affordable Care Act Pros And Cons

675 Words | 3 Pages

They are more likely to be weak and alone; they are more likely to need more medical attention; and they are less likely to have the ability to afford the insurance than those who are wealthy (Rowland & Lyons, 1996). Health insurance is very important for low-income people because they can be in worse living conditions and have other risky health factors along with fewer financial assets. They are faced with higher medical bills than people with higher incomes. Because of these reasons, fair and equal opportunity is much needed when it comes to health and health

Read More

Pros And Cons Of The Affordable Care Act

543 Words | 3 Pages

Laura Knighton Course Introduction Assignment “Currently, more than 45 million Americans lack any form of health insurance.” (Chau, 2008, p. 1). When President Obama introduced the Affordable Care Act also referred to as ObamaCare, it was not openly accepted by most people, however U.S. citizens should reconsider what this Bill means for those who are in a lower class with few opportunities to health care. There are far more pros to the Affordable Care Act than cons.

Read More

Impact Of The Affordable Care Act On Nursing Practice

1120 Words | 5 Pages

The alterations accounting from the rate of insured individuals have largely concentrated on individuals who range within the low and the middle-class income levels. With the records provided by the Labor Institution in the United States, most Americans emerge above the labor and income requirements for the low-income health provision as well as alternating government-sponsored programs. The introduction of the Affordable Care Act was then presented as a major health milestone for the given population as well as those people who found it hard to access easy and affordable coverage such as the refugees and

Read More

Comparison Of Medicaid And Medicare

238 Words | 1 Pages

In the United States, many people are without health care insurance due to having a financial crisis. Most elderly, the disabled, and lower-income families can contest to being without health care coverage at all. Not being able to afford or have healthcare insurance occurs because medical insurance is very costly. Selecting the right health care insurance can greatly impact a person life expectancy. With the help of government support programs, many people can have the choice of healthcare insurance.

Read More

Pros And Cons Of Health Care

741 Words | 3 Pages

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

Read More

Universal Health Care Argumentative Essay

727 Words | 3 Pages

46.8 million Americans were reported as uninsured in 2013, which equivocates to one sixth of the population. Those without insurance have revealed that they risk “more problems getting care, are diagnosed at later disease stages, and get less therapeutic care” (National Health Care Disparities Report) and those insured risk losing their insurance. Inadequately covered citizens are often working-class individuals who simply cannot receive insurance due to uncontrollable inconveniences and therefore jeopardize having medical coverage. In these instances, Americans have a chance of being diagnosed with diseases that they had no opportunity to prevent or could not diagnose them at an early stage of the illness. Patients have suffered unnecessarily due to lack of health care, and “18,000 Americans die every year because they don't have health insurance” (PNHP).

Read More

Argumentative Essay On Health Insurance

928 Words | 4 Pages

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.

Read More

Sicko Film Summary

811 Words | 4 Pages

Several of the insured find out their policies are useless after insurance detectives recite an infinite list of conditions and processes that are uncovered, or realize "pre-existing terms" the patients "must" have recognized about. One female, comatose when she is placed into an ambulance, is billed for the tour all because her insurer utters it wasn’t pre-approved. Now how could she get authorized agreement when she was dying on the pavement? (Marmor,

Read More

More about Pros And Cons Of Medical Insurance

Related Topics

Open Document