Free

Advantages of the current healthcare insurance in the US - Essay Example

Comments (0) Cite this document
Summary
If the health and health care facilities are insured, individuals do enjoy peace of minds. It is unfortunate that United States of America do not possess a system of universal health insurance, though this system encompasses various…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.5% of users find it useful
Advantages of the current healthcare insurance in the US
Read TextPreview

Extract of sample "Advantages of the current healthcare insurance in the US"

Advantages of the current healthcare insurance in the US” Health is the vital part of our survival. If the health and health care facilities are insured, individuals do enjoy peace of minds. It is unfortunate that United States of America do not possess a system of universal health insurance, though this system encompasses various benefits for their holders.
It is understood that people are habitual with the current system of health care and its facilities as they know all the ins and outs of the system; they therefore show some kind of resistance in accepting the new system. People do have a mindset and various myths that they will end up paying more if the government implements universal health insurance.
On the contrary the fact is United States of America spends 40% more funds as compared to other nations who have adopted universal health coverage.
Reports from Federal Budget and General Accounting Office of USA display the fact that if universal health care is implemented then there would be a saving of $100- $200 billion per year. This is a huge monetary benefit that country can secure for other vocations.
The advantage was understood by the Canada government long back, in 1971 and they adopted single-payer system. People are much happy by adopting this system and they are contentedly enjoying peace of mind as they do not have to be bothered about their health and care facilities and are not willing to revert back to their old, US-kind of system. The government of Canada knows that in terms of economy they are lagging behind as compared to USA but by adopting universal health insurance they are saving a lot in terms of funds.
It is essential to understand that by adopting universal health insurance, single payer universal health care cost would decrease due to diminution of administrative cost, as compared to the current US-system of health care facilities where individuals are paying around 50-100% more administrative charges, which is a remarkable loss of finances (Battista, McCabe, 1999).
By adopting universal health care insurance enhanced management, monetary gains and ease can be accomplished. It is necessary for the citizens of US to have this understanding and also it is essential that government should make the people aware to dissolve their myths and wrong notions that they have created in their minds and should understand the benefits they will be provided with, for the sake and better prospects of the nation, as we never shop for health it is not a product, but people can enjoy the same kind of facilities at much lower cost. It is essential that government and NGOs must understand the benefits of health insurance and should create public awareness program through talks and discussions and brainstorming them to change their myths and beliefs for the better future and prospects.
References:
Battista, McCabe. The Case For Single Payer, Universal Health Care For The United States. Outline of Talk Given To The Association of State Green Parties, Moodus, Connecticut on June 4, 1999. Available on
http://cthealth.server101.com/the_case_for_universal_health_care_in_the_united_states.htm
[Accessed on 2nd December 2009] Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Advantages of the current healthcare insurance in the US Essay”, n.d.)
Advantages of the current healthcare insurance in the US Essay. Retrieved from https://studentshare.org/miscellaneous/1560753-advantages-of-the-current-healthcare-insurance-in-the-us
(Advantages of the Current Healthcare Insurance in the US Essay)
Advantages of the Current Healthcare Insurance in the US Essay. https://studentshare.org/miscellaneous/1560753-advantages-of-the-current-healthcare-insurance-in-the-us.
“Advantages of the Current Healthcare Insurance in the US Essay”, n.d. https://studentshare.org/miscellaneous/1560753-advantages-of-the-current-healthcare-insurance-in-the-us.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Advantages of the current healthcare insurance in the US

Healthcare in the US

...Healthcare in the US Statistics on healthcare expenditure in the United s indicate a consistent pattern of exponential increase over the past four decades. Between 1970 and 2010, the United States experienced a rise in expenditure from 7.2% to 17.9 % of the Gross Domestic Product (The Henry J. Kaiser Family Foundation Web). The figure means that the current rate of expenditure on healthcare is more than double the amount that was spent in the past four decades. Official figures show that the total amount of expenditure in the year 2010 reached 2.6 trillion dollars. Policy issues, adverse economic conditions, and other trends and practices have been cited...
12 Pages(3000 words)Essay

Healthcare Reform in US

...?Why Healthcare Reform isn't a Done Deal...Yet. Introduction According to Physicians for A National Health Program: “The U.S. spends twice as much asother industrialized nations on health care, $8,160 per capita. Yet our system performs poorly in comparison and still leaves 50.7 million without health coverage and millions more inadequately covered. This is because private insurance bureaucracy and paperwork consume one-third (31 percent) of every health care dollar. Streamlining payment through a single nonprofit payer would save more than $400 billion per year, enough to provide comprehensive, high-quality coverage for all Americans.” 1 The purpose of my paper is to emphasize that a single-payer...
4 Pages(1000 words)Term Paper

National Healthcare Insurance

...the interests of the society, which is exactly according to the individual liberty principles of Mill. With the consideration of the above scholars and their principles, the national health care insurance plan will violate most the principles set by these philosophers. Imposing a national health insurance plan on all citizens of the US will be undermining their individual liberties. As Mill would put it, it is a violation of the freedom to choose based on safe-regarding acts. Additionally, there is a possible conversion of the insurance plan (social good) on the sphere of leadership to other interests on other spheres. Karl Marx principles in economics would probably...
5 Pages(1250 words)Essay

The US Healthcare System

..., especially students of health sciences. The article is relevant to course discussions for other reasons as well. For example, the wide coverage given within the article – which is organized under various subheadings – makes it an overview of the current healthcare situation in America. Students can refer it to get a concise yet precise picture of core problems and factors bearing upon the healthcare system. What are the major themes of the article and how were the conclusions and findings derived? Do you agree with the conclusions or findings, why or why not? One of the major themes of the article is finding supporting evidence for universal health coverage in America. As it stands, 50...
7 Pages(1750 words)Research Paper

Healthcare Insurance

...in the country. This single payer system is working quite effectively in Canada and in 1991 reports were published that indicated that a similar system might be more economically feasible for the US due to reduction in administrative costs. It has also been said that single payer system would not completely eliminate other sources because that source would provide the most basic coverage to all citizens. The rest would be covered through private insurance. But the advantage here is that at least every single person will have some healthcare insurance, which would reduce the burden of making out of the pocket payments. "In 1970, U.S. and Canadian...
4 Pages(1000 words)Essay

Advantages and disadvantages of the health insurance system in US

...INSURANCE The current system of health insurance in the US has pros and cons in its structure. Basically, the US has a consumer rather than a community based healthcare system. Health coverage is not universal; insurance is either bought privately or provided by employers. For those in poverty, Medicare and Medicaid programs provide limited assistance. Consumer health care has drawbacks, but also brings benefits of increased technology, although community implementation is sometimes problematic. Accessibility is the key issue in the debate over healthcare. Managed care insurance...
2 Pages(500 words)Essay

Singapore Healthcare vs. Us healthcare

...American and Singaporean Health care Systems -comparison With increasing commercialization and industrialization across the world, the healthcare sector is gaining prominence as people being more open to substance abuse and unhealthy lifestyles are eventually succumbing to poor health conditions. While US and Europe can boast of their huge government expenditure on healthcare, Singapore can rely on its efficient health care strategy, which has proved its worth. The paper compares the health care models followed by United States and Singapore and essentially points out the flaws in the US system. Statistics show that people of Singapore are healthier than Americans...
3 Pages(750 words)Research Paper

Healthcare Insurance

...to purchase healthcare insurance as they believe that they are less vulnerable to diseases. Evolution of health insurance market in US In the late XIX century, health insurance began to be available in the form of accident insurance in the United States (Obringer & Jeffries, n.d.). The trend continued until the end of the XIX century, and regulators considered health insurance as disability insurance. Before the US federal government introduced the medical expense insurance, people had been expected to pay health expenses out of their own pockets. This system was known...
2 Pages(500 words)Essay

US healthcare system

...US HEALTHCARE SYSTEM Distinct organizations are the ones that provide health care in the United s. Private sector businesses are the ones that majorly operate and own the health care facilities. By percentage, most of the US community hospitals are non-profit, they take up to 58%. The government owns 21%, and the remainder is for profit. Programs such as the Children are Health Insurance Program, Medicaid, Medicare, and the Veterans Health Administration provides and spends 60-65% of the total healthcare. The better part of the population that is under 67 of age is insured by the employer of the family member, health...
3 Pages(750 words)Essay

US healthcare system

.... This plan ensures that “preferred providers” have patients directed towards them by the PPO insurance plan in exchange for a lower price. This makes the PPO plan attracts a greater patient base that the PPO can apply to negotiate with providers. The Point of Service plan (HMOs without walls) implies a capitation arrangement with providers for their enrollees, even though the doctors are distributed in their offices as in IPA or IPA. Additionally, the compensation for providers is per patient per year and not FFS. Also, patients have strong financial incentives to use POS plan doctors. All the four plans ensure that both the consumers and the providers are not at any disadvantage in terms of provision...
3 Pages(750 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Advantages of the current healthcare insurance in the US for FREE!

Contact Us