Quiz 2: The Economics of Womens Health

Health & Kinesiology

Health insurance takes care of medical needs of a person when is sick or injured. In developed countries universal health insurance or insurance provided by the government is collected in the form of taxes and is provided to every individual. Several individuals have private insurance through paying the premiums, deductibles, co-pays and co-insurance along with negotiated fee. Individuals without insurance should pay for it out of pocket or through own funds. Therefore, having health insurance depends on the individual's economic status. Financially well settled individuals can afford to have high premium private health insurances. Government employees depend on government insurance provision by paying deductable amounts from salaries. Low income group individuals tend to have low premium insurance policies. In most of the developed countries the health insurance is mandatory and government agencies will deduct the premiums as per the schedule. In U.S the uninsured population is growing therefore, government is taking care of individuals, hospitals healthcare system and employers to pay some funds toward health care.

Several individuals have private insurance through paying the premiums, deductibles, co-pays and co-insurance along with negotiated fee. Individuals without insurance should pay for it out of pocket or through own funds. Therefore, having health insurance depends on the individual's economic status. Financially well settled individuals can afford to have high premium private health insurances. Government employees depend on government insurance provision by paying deductable amounts from salaries. Low income group individuals tend to have low premium insurance policies. In most of the developed countries the health insurance is mandatory and government agencies will deduct the premiums as per the schedule. In U.S the uninsured population is growing therefore, government is taking care of individuals, hospitals healthcare system and employers to pay some funds toward health care.

The healthcare system includes stake holders such as providers, doctors, nurses, social workers, patients, hospitals, health insurers, policy makers, health education institutions, pharmaceuticals, medical equipment manufacturers and diagnostic companies. All these firms contribute to healthcare funding. In most of the countries the health care is provided by government to all citizens through a system of universal insurance. This system takes care of medical needs of all citizens as and when it is required. In this system individuals are also allowed to have supplementary insurance for the services that are not included in the national health system. Therefore, the proponents of universal health insurance call it as right but not a privilege and should be available to all citizens. The health care industry is a consumer or patient oriented industry that offer goods and services to consumers and have demand for some specific services. Thus, the health care industry and insurance services are privilege to a consumer when he adopts private insurance, but becomes a right when the services are offered to the individual by the government as a citizen of the country.