StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

The Demand for Health Insurance - Essay Example

Cite this document
Summary
The writer of this paper "Demand for Health Insurance" aims to analyse different health insurance policies in the US and how man's age influences on the insurance formalisation. Additionally, author represents his thoughts on the theme…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
The Demand for Health Insurance
Read Text Preview

Extract of sample "The Demand for Health Insurance"

Institute of affiliation: Demand for Health Insurance Most of the times healthcare policies are intended to aid one precisegroup of the whole population, with the assumption that it will not harm other groups. However, as practice shows it, that is not always the case. As early as 1990s health insurance reforms has been directing their focus on not only the increase of the consumer choice but also the integrated competition of the health plans. Here some of the policies are the managed competition model where menu of health plans provides a choosing criterion for the customers.

In such a system, it is argued by the experts that customers tend to sort themselves in a situation that will favor them, for instance, they sort themselves in a place like high quality plans as well as lower cost (Nyman 12). The above, is a source to the production of the strong incentives by the customers to the plans of the health care. It follows that the affiliate providers of the health care collaborates in the controlling of the increased quality and costs for the competition of the enrollment.

The above policy literally favors the customers and that the health care organizational management face a tough time in dealing with the same. Managed competition model is not recognized as a national policy; therefore, many large employers have opted to arrange the health benefit program based on the same principles. Another policy involves the market-oriented solutions regarding the health insurance. It is pertinent to note that some customers when they are given an opportunity to choose healthy insurance options, customers tent to sort themselves in certain situations for instance, those who are in a less costly and low risk will sort themselves together while others will attract sick customer and elderly.

The above individuals are regarded as difficult customers to insure. Alarming policy is the policy involving market-oriented solutions regarding the health insurance. Since customers have the habit of sorting themselves in certain groups, the talks on how to change the policy is based on the aborting criterion (Morrisey 87). Here, strategies should be put in place so that all level of customer should be favored and that they should not sort themselves in groups. In doing the above, the strength part of it is that all the customers will benefit equally.

Weakness here is that customers are hard to understand and they tend to oppose the whole procedure for their own benefits. In most cases, health care policy in the developing country entails a government-sponsored clinics and hospital networks. The above has a goal of primarily providing access of the universe. Often, the above exists alongside the private providers systems for which pockets are paid off by individuals. In addition, it is evident as per the researchers that another health care policy includes health care clinics being prioritize, increasing success, and certain special funds being made available (Manning 4).

The above is seen when President Nixon Richard decided to tackle cancer, and he planned to channel some millions of dollars to cater research work. Similarly, other health issues like the aids, small pox just to mention but a few are other forms of health policy that Medicaid put up for the fight of the health care issues. The graph below shows health insurance rate in us Mostly, it is worth noting that many health care policies are made based on the access of the universal healthcare (Cultice, 8).

Here, the above policies are based on some rules as the single payer system and social insurance system. Single payer system is basically used in countries like Canada and the united states while social insurance system was used in countries such as Germany and Japan. In concluding, I recommend that those who tend to amend market-oriented solutions regarding the health insurance should use matrix procedures to sort who is qualified for the health care insurance benefits. It is worth to note that, the above essay has primarily evaluated the topic demand for health insurance relating the issue above with health care economics.

Works Cited Cultice, James M.. The impact of comprehensive national health insurance on demand for health manpower. Washington: U.S. Dept. of Health, Education, and Welfare, Public Health Service, Health Resources Administration, Bureau of Health Manpower, 1976. Print. Manning, Willard G.. Health insurance and the demand for medical care: evidence from a randomized experiment. Santa Monica, CA: Rand, 1988. Print. Morrisey, Michael A.. Health insurance. Chicago, Ill.: Health Administration Press ;, 2008. Print. Nyman, John A.. The theory of demand for health insurance.

Stanford, Calif.: Stanford University Press, 2003. Print.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Demand for Health Insurance Essay Example | Topics and Well Written Essays - 500 words”, n.d.)
The Demand for Health Insurance Essay Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/miscellaneous/1618288-the-demand-for-health-insurance
(The Demand for Health Insurance Essay Example | Topics and Well Written Essays - 500 Words)
The Demand for Health Insurance Essay Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/miscellaneous/1618288-the-demand-for-health-insurance.
“The Demand for Health Insurance Essay Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/miscellaneous/1618288-the-demand-for-health-insurance.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Demand for Health Insurance

Health Insurance Portability and Accountability Act

health insurance Portability and Accountability Act (HIPPA) Introduction health insurance Portability and Accountability Act (HIPPA) is a Privacy Rule set in 1 August 1996 by the United States Department of Health and Human Services (DHHS) to safeguard health information.... The act also ensures that employees continue enjoying health insurance coverage even after departure from an employer.... hellip; Owing to transformation of medical records from paper system to electronic structure, the risk of access of people's health information by other parties increased thus the need to execute laws for protecting such information....
5 Pages (1250 words) Research Paper

The People Factor

Therefore, the insurance providing companies are raising the general level of premium for insurance.... If there is some form of risk, there is some form of insurance that can act as a cover for the risk.... In other words, risk can be converted into an equivalent form of insurance.... insurance providers have to recognize the challenges and assess the seriousness of a given situation with confidence.... Only when the challenges in dealing with healthcare problems are identified and understood fully, professional and management in this sector can cater sufficiently to the insurance needs of people (Labspace, 2013)....
8 Pages (2000 words) Research Paper

Potential Impact of Retail Sales and Personal Income Forecasts on Tobacco Industry

but especially in poorer countries where cigarette consumption is increasing, there is evidence that increases in the price of cigarettes is correlated to decreases in The Demand for Health Insurance and health services among middle- and low-income consumers, as are downward shifts in the quantity demanded of food purchased for the family (Poverty and Tobacco, 2003).... Cigarettes, like alcohol products, have long been targets of unusually high government consumption taxes - both state and local - because the demand was fairly inelastic compared to price relative to other commodities and the tax revenues on these products were considered stable....
2 Pages (500 words) Essay

Problems encouter by patients without health insurance in America

There is a substantial portion of population lacks adequate health insurance or has no coverage at all.... Census Bureau 2004, discloses that almost one third of Hispanics, 20% of African Americans, 29% of American Indians/Alaska Natives and 17% of Asians lack health insurance.... These facts indicate that there is a substantial portion of population lacks adequate health insurance or has no coverage at all.... As per the survey conducted by The Commonwealth Fund, a private foundation that works to advance health care quality and insurance coverage, national health care spending is growing at a rate of 7% per year that is faster than the U....
6 Pages (1500 words) Essay

Increasing Health Premiums

In the paper “health insurance” the author discusses the major ethical, financial, and legal issues.... The ethical issue presented in this article is whether health insurance companies are justified in increasing health premiums.... The major financial issue raised in this article is the increasing cost of health insurance.... Why are insurance premiums rising when patients' demands for care are decreasing?... insurance premiums are rising even when patients' demands for care are decreasing because the insurance companies are preparing themselves from any sudden rise in demand when the economy improves and the people have more money to spend on their health needs (Abelson, 2011)....
2 Pages (500 words) Essay

Healthcare Insurance

As Schneider (2004) opines, two fundamental factors influencing The Demand for Health Insurance are ‘uncertainty' and ‘risk aversion.... In Healthcare Insurance Healthcare Insurance Factors influencing demand for health insurance As Schneider (2004) opines, two fundamental factors influencing The Demand for Health Insurance are ‘uncertainty' and ‘risk aversion.... As Cameron and McCallum (1995) point out, ‘income' is the major potential element determining The Demand for Health Insurance....
2 Pages (500 words) Essay

Public Demand for Medical Care and Health Insurance in the United States

The author states that researchers use indicators as evidence to describe health in a population.... To solve the problem many factors come into play, organizational factors like schools and faith-based organizations to influence and support health behavior change, Community factors that involve self-initiated programs to live healthy and health policies that favorably influence the prevention of chronic diseases (Bluelow, 2010)....
1 Pages (250 words) Term Paper

Implications of Health Economic Concepts for Healthcare

Most people believe that the demand for health care services is inelastic.... Having an understanding of the patterns of demand and supply on a monthly, weekly, and seasonal basis allows for the development of a focused effort to shape demand for purposes of shaping demand… According to the principles of supply and demand, when the supply is high, then the demand is high (Dalton, 2012).... On the other hand, when the supply is low, then the demand is low....
5 Pages (1250 words) Coursework
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us