Friday, August 10, 2012

Why Medical Insurance Does More Good Than Harm

MIAMI, FL - MARCH 22:  Brenda Major (L), who s...
(Image credit: Getty Images via @daylife)
Medical insurance which is most commonly known as health insurance is a type of coverage that lessens or eliminates expenses incurred due to doctor visits or when individuals go to the emergency room for care. It is gotten through the buying of health plans that are customized depending on one’s needs. 

Once the individual decides what type of care they would like to receive, they sign a health insurance policy which can last for months or years. It may also be renewable after these periods of time. 

The United States is a wealthy nation but not all of its residents have access to health care and this is because it is too expensive and there is a lot of bureaucracy surrounding it. The government has intervened and has mandated that individuals and families buy medical coverage in order to lower the overall cost. There are many reasons why having a health insurance policy is advantageous.

Pros of Having Medical Insurance

• Hospital stays and doctor visits are already expensive as it is. It is almost impossible for one to go to these centers with the aim of getting care or treatment when they do not have any health insurance. For one, they will be given the run around until they get tired and go home without receiving any service that they had expected. Also, the care providers have deals with the insurance companies so that they bill only half as opposed to not having any coverage which means they bill the individual high so that they can be assured of at least collecting half the amount.
• If certain individuals have access to health care while others don't then it creates an unequal society and class levels. Because those who are in the upper stratum can afford to buy without feeling the pinch, the policy premiums would be high and would continue to rise each year as is the case in the US.

Cons

• Opponents of universal medical insurance feel that doctors and nurses would be overwhelmed by the sheer number of sick people going for treatment. This would mean the care would be substandard as they seek to meet the demands of the public.
• Because of the large numbers of people going to get care, medical malpractice insurance would be very high. This is because doctor and health care workers would be in a hurry to serve the patients and are more likely to be negligent. The high rate of premiums to be paid by the doctors would deter potential ones from entering the field. This has an effect of creating shortages of health providers when there is a dire need of their services.

To conclude, there are more benefits to having medical insurance than there are negatives. Getting access to treatment can save a life and can bring peace and happiness to a person's relatives. There are all sorts of government induced plans that low income persons and their families can use to get health insurance.

Author’s Bio: The articles of Mark Anderson have really met the needs of the users. He suggests them to visit Medicalinsurance.org for more information.



2 comments:

  1. Nothing in this article is routed in fact. Please source these claims.

    "For one, they will be given the run around until they get tired and go home without receiving any service that they had expected."

    Seriously? Aside from the obvious EMTALA violations that prevent this, you're making broad generalizations about the industry as a whole. If your life is in danger, you will be saved, regardless of your ability to pay. If you want a voluntary procedure the hospital or doctor is going to make sure they're going to get paid for their services before they perform them.

    ReplyDelete
  2. It's true your life will be saved but regular care will still be out of reach for most.

    ReplyDelete

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