Healthcare Insurance

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Healthcare Insurance

Introduction

An effective insurance system can help in overcoming the impact of healthcare funding cuts, focusing more on the community health needs.

Our current health financing system is facing the challenges of large costs; the main reason is that the costs are largely paid by government and employers. These growing expenditures force higher taxes in the public sector and increased product prices and depressed wages in the private sector. All of these problems are considered bad for our economy. If individuals paid for health care directly, making choices between buying health care versus buying other items, growing health care expenditures would not be seen as so burdensome to the economy. Even within the United States, expenditures on health care vary a great deal across communities and states with little to no difference in health outcomes. In fact, low-spending areas often exhibit better health outcomes, even when controlling for population age and other factors.

Individual's faces trouble in our current insurance system, United States is the largest and most diverse society on the globe. It spends almost 2 trillion dollars every year on health care, which is one in every seven dollars in the economy. U.S is one of the very few nations where all its citizens do not have medical coverage. Although it spends heavily on per capita on health care, and it has the most advanced medical technology system in the world, still it is not the healthiest nation on earth. The system performs so poorly that it leaves 50 million without health coverage and millions more inadequately covered, due to this poor coverage system many individuals cannot access to the primary care, and faces difficulties, in having proper health.

Recently, medical insurance reimbursement cuts have increased tremendously; instead of various different measures have provided control over growth. Legislative fixes for a short term period requires a buying time in order to prepare a long term solutions, whereas various stakeholders have tried to lose and win the reimbursement cuts.

Discussion

The government or insurance companies are not entirely responsible of reducing the expenditures on health care. Health care is the responsibility of the entire nation, in which everybody should contribute to change the system, and the quality of their lives making changes for their own benefit. People should have a better education, alimentation, and access to the basic health care, if these could be possible the country could have a better life status. Parents, relatives, teachers, nurses, doctors, insurance companies, government and many more institutions could contribute to this change providing valuable information to the people helping them to obtain a better quality of life. With this object in mind, the entire society will make a difference in the health care system, as well as improve the quality of life for everybody (Quadagno 2005).

Health care needs a better structure in its system, standardizing the payment of the specialist and medical staff according to a new state law. Standardizing the wages may prevent that the system is out ...