Essay Health Insurance Pros And Cons

At present, the health care dilemma has become a bone of contention with the public as to whether or not this health coverage is to be supplied by the government. People often possess different perspectives and referred to pros and cons on both sides of the spectrum. While some believes a universal healthcare system will set a foundation for lower quality of service, increasing governmental finance deficit, and being burdened by high tax for tax-payer, others do not hold the same thought. A universal healthcare system brings enormous advantages rather than disadvantages, such as all-inclusive population coverage, convenient accessibility, low time cost, and affordable medical cost, all of which not only provide minimum insurance.

As the increasing of the patients, they still needed working capital to support their expenditure. The most sources of money were from found-raising and receiving the donation from tycoons or philanthropists. Fortunately, this model of operation for health institutions struck the balance between income and expense barely. However, the situation went worse and worse because of the increasing of tax from the government and raising of resource abuse from immoral patients. As a result, the health institutions were compelled not to provide shelter for the low-income people and underprivileged. In addition, they changed their mind on their operation and decided to charge their patients in order to restrain the immoral phenomenon. The notion of Health insurance also budded in this time. The accident insurance, another name with which we are more familiar is Disability insurance, was provided by the Franklin Health Assurance Company of Massachusetts. The purpose of the plan was to compensate the salary those who got hurt and couldn’t work in a rail or steamboat accident. However, patients still paid the healthcare fee when they went to the hospital.

During the Great Depression, hundreds of thousands of middle-class people lost their bread-and-butter. The tough circumstance brought a series of sequential problems, such as poor quality of life, public disorder, and especially unsatisfying demand of medical services. It is a stimulus for employer-sponsored organization to assist low-income family to cover their expenses at health institutions. It is a kind of health insurance. Simultaneously, government drafted out a plan to resolve social problems. President Franklin Delano Roosevelt prepared to pass the Social Security Act (SSA). Originally, he considered the concept of all-inclusive healthcare system in this provision.

Pros/Advantages of health insurance

Of course, the most obvious advantage is that health insurance can provide coverage for some of your healthcare expenses. Doctor’s visits, trips to the emergency room and specialist treatments may be paid for (either in part or in whole) by this type of insurance. With health insurance, large hospital bills associated with surgery or other major treatments may also be covered depending on your specific policy.

And a PPO health insurance plan may also allow you to choose your own doctor, although you may pay more if he or she is not included in the network maintained by your health insurance carrier.

Private coverage also usually comes with more choices than those offered by public plans such as Medicare. This could allow you to choose the options that you are most likely to need and omit those that you don’t. The experiences that come with private health insurance might include shorter wait times, greater individualized attention and more sophisticated facilities. Public facilities can be overcrowded at times and may provide a lower level of care in many cases.

Cons/Disadvantages of health insurance

As you might expect, the greatest disadvantage of private health insurance can be the cost. This is especially true if you are in poor health and do not have access to group coverage of any kind. Many individual policies can cost several hundred dollars a month, and family coverage can be even higher. And even the more comprehensive policies come with deductibles and copays that insureds must meet before their coverage kicks in.

Most health insurance policies don’t offer coverage for all types of diseases and conditions. Those who need care that falls into one of the gaps that are written into these policies are on their own when it comes to paying for certain medical services. Furthermore, the cost of healthcare has risen much faster than the general rate of inflation, and this trend shows no sign of slowing.

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