Introduction to Finance

Introduction to Finance

Types of Medical Expense Coverage

The increasing cost of healthcare services and low income are the main problems that has made the people unable to get the quality health care. In accordance of this situation, different private sectors and the governing bodies have developed certain programs to provide the health insurance to the individuals who are unable to fulfill their health expenses. Medicare and Medicaid are examples of such programs.

There are two main type of medical expense coverage (OECD, 2004) in United States.

Public Health Insurance

Public health insurance provides the health coverage based on two principles; schemes related ...