What are the benefits of health insurance
Other People Are Reading
National health insurance is a way of pooling health risks together, thereby minimizing the fees accruing to the people that are the most sick. Think of it this way: sick people are most in need of health insurance, yet insurance companies have the least incentive to provide health insurance to those people at an affordable rate. Along the same but opposite lines, healthy people have less incentive to purchase health insurance, because it is not clear that they will need it. Thus, without a national health insurance plan, the people that need health insurance the most have the greatest difficulty finding affordable care. By grouping everyone together, the insurance pool bears less risk per individual, which makes it more affordable for those that need it most.
Believe it or not, a national health insurance plan may have less bureaucracy than a set of privately-provided plans, drastically decreasing the overall cost of health insurance for the average individual. Doctors Steffie Woolhander and David Himmelstein argue that "Reducing our [the United States's] bureaucratic apparatus to Canadian levels would save 10% to 15% of current health care spending, at least $120 billion annually, enough to fully cover the uninsured and upgrade coverage for those now underinsured."
Higher Quality of Life
Though a national health insurance plan occasionally comes with some harms, such as long lines for very important procedures, the average person greatly benefits from having access to regular visits to quality doctors and affordable prescription drugs. According to the Economist Intelligence Unit's Quality-of-Life Index, there is a high correlation between a country having socialized medicine and a person having a higher overall quality of life. In a comparison between
two otherwise similar countries (e.g. Western European countries and the United States), countries with national health insurance also have higher life expectancies and are rated as having a higher quality of health care overall.
More Like This
Dual Medicare & Medicaid Eligibility
Primary & Secondary Insurance Laws
Medicaid Enrollment Process
You May Also Like
Health insurance does more than offer financial benefits to some of life's most serious physical conditions. It also offers peace of mind.
The benefits of having health insurance include being covered in case of a medical emergency, as well as being covered for things.
Universal health care ensures that all citizens, regardless of ability to pay, have health insurance. It has been shown to have economic.
What Are the Benefits of the United States Health Care System. The United States health care system is a large compilation of.
Cancer is a disease that affects thousands of people each year. Sadly, some of these people don't have health insurance. This fact.
Aloe vera capsules are filled with aloe powder and offer the same kind of health benefits as aloe vera juice or gel.
Advantages & Disadvantages of American Health Care. The current American health care system consists of many types of privately- and publicly-funded health.
You might think that it is impossible to measure the quality of life. If you visit the richest countries in the world.
The Advantages of National Health Insurance. Americans must obtain health coverage from independent health insurance companies because, unlike in other countries such.
View Blog PostSource: ehow.com