Public Vs Private Health Care Coverage Essay - 744 Words

Public versus Private Health Care Coverage The United States (U.S.) has a multitude of options for health care coverage. People have the option for private or public coverage. One example of public coverage is Medicaid and an example of private coverage is Blue Cross and Blue Shield (HCSC, 2015). There are many differences between each health care option, the biggest difference is the price you are paying. This paper will discuss the differences between private and public health insurances as well as the cost for each. Private health insurance plans frequently are offered through a person’s job. When an individual acquires health insurance this way their workplace covers part of the cost for their insurance. Frequently, they are offered different plans for different prices. Once these plans are chosen, typically, a premium fee will be deducted from that person’s pay checks (Colorado.Gov, 2015). On top of these premiums the individual will also have other fees such as co-pays, deductibles, or co-insurance (Colorado.Gov, 2015). Private plans can also be purchased without an employer’s help, the individual will be expected to cover the premium payment of the plan as well as all of the matching extra fees (Colorado.Gov, 2015). Medicaid is a public health insurance that is federally funded for those who do not have private health insurance (Families USA, 2014). In the U.S. one out of every five adults and one out of every three children use Medicaid (Families USA, 2014).Show MoreRelatedHealthcare Systems And The United Kingdom1547 Words   |  7 Pagesmeans for the health and wealth of the citizens of these countries. The U.S. and the U.K. are two different countries with two very different healthcare systems. 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Uk Healthcare909 Words   |  4 PagesUS Healthcare Plan vs. UK Healthcare Plan While it s difficult to estimate the exact number of Americans without health insurance at any given moment, most credible sources place this figure at between 40 and 45 million. In other words, one American in seven lacks even basic health insurance coverage (How Many Americans Really Do Not Have Health Insurance? n.d.). The responsibility of an average American today, is to obtain healthcare insurance through private insurance, employer benefits, orRead MoreCanada s A Single Payer1492 Words   |  6 PagesWhen discussing health care systems, Canada’s is often used as a possible model for the US. The two countries systems are very different being that Canada has a single payer, mostly publicly funded system, while the US has a multi-payer, heavily private system. So much of the appeal of the Canadian system is that is does more for less. 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The United States health care system uses the former while Canadian system utilizes the latterRead MoreThe United States Vs. Canadian Healthcare System875 Words   |  4 PagesThe United States vs. Canadian Healthcare System There are different models of universal healthcare systems. The first is compulsory insurance which demands that residents should buy insurance; various legislations usually enforce this request. Another type of universal insurance is the single payer health care system which is defined by the government providing funding for the health care services. The United States health care system uses the former, while the Canadian system utilizes the latterRead MoreThe United States Health Care System1449 Words   |  6 PagesStates health care system is the most expensive in the world. It spends more than 16% of its gross domestic product (GDP) on health care, (the highest per person in the world), but ranks behind most countries on many measures of health outcomes, quality, and efficiency. In 2012, over 47 million people were un-insured and millions were under-insured⠁ ´. The cost of health care is rising at least twice as fast as the rate of economic growth. Major companies are pa ssing more of the cost of health careRead MoreHealthcare And The United States Vs. Healthcare Essay1262 Words   |  6 PagesHealthcare in the United States vs Healthcare in Mexico The healthcare policies in Mexico and the United States are similar in that both healthcare systems utilize a combination of public and private insurance (freecontentweb.com). Healthcare has rapidly become an important topic in many countries. This comparison will focus on similarities in healthcare reform, healthcare insurance availability, healthcare access, and healthcare cost of both countries. Prior to healthcare reform in the US and Mexico