The Basic Elements of Health Insurance

For health insurance to be effective, different aspects must be put into consideration. Universal coverage is a basic element of health insurance. Health insurance should cover majority of citizens in a particular country. In addition, health insurance should be continuous. Continuity allows early detection of a disease and uninterrupted treatment.Advertising We will write a custom essay sample on The Basic Elements of Health Insurance specifically for you for only $16.05 $11/page Learn More Moreover, health insurance should be affordable to low income families and individuals (Gunnar, 2006).Affordability includes incentives, inflation controls and cost to offer cost-effective services. As a result, health insurance can be accessible to low-income individuals and families. Health insurance should promote health and well-being of those it covers. It should include mental health and preventive services. These elements can be summarized as: efficiency, effe ctiveness, patient-centered services, timeliness and equity (Quadagno, 2005). There are several associated with the use of employment based coverage. Quadagno states (2005) that research has made it evident that it is always cheap for a worker to get a health insurance through his employer than doing it himself. It is because the employer can negotiate prices with issuers because he represents many workers. This also becomes easy for the insurance company because it spends less per person as compared to insuring an individual. It is an advantage to the issuer in that the financial risks are spread over a group of people. In addition, the program ensures delivery of quality healthcare services. As a result, innovativeness is a key element in this program. Employer based health insurance has drawbacks too. First, all citizens cannot have access to it because employers offer coverage to their employees only. In addition, if an employee decides to quit his job or resign he losses his co verage. In addition, the choices of healthcare plans are limited because the company intents to minimize the costs. Employer based insurance lacks universal coverage. As a result, the program lacks portability and benefits are not transferable (Quadagno, 2005). There are basic elements which need to be incorporated in health insurance programs to ensure the poor and uninsured have access to insurance health. These elements should ensure services have the following characteristics: affordable, cost-shared, accessible, extended scope of benefits and financed.Advertising Looking for essay on health medicine? Let's see if we can help you! Get your first paper with 15% OFF Learn More The best way that has been known to provide health care to the poor and non insured is through provision of affordable premiums. Statistics show that nine out of ten of the uninsured families and individuals are classified as poor or low-income group (Gunnar, 2006).The premiums offered are exp ensive and this group of persons cannot afford to pay. Provision of affordable premiums can accommodate the poor and low-income persons (Quadagno, 2005). Poor families and individuals are at high risk of being uninsured. In addition, this group of uninsured persons is in moderate or low income families. Cost sharing is essential in provision of health insurance to the poor and uninsured. The employers can contribute towards the payment of premiums for their employees. As a result, the poor can afford insurance premiums through cost sharing (Gunnar, 2006). Stakeholders involved should review the existing health insurance programs to identify and address the gaps in accessibility of services. Insurance companies lack health insurance for children and the elderly (Gunnar, 2006). However, some insurance companies have revised eligibility of individuals to be covered to provide inclusive services. Every citizen in a particular country should access health insurance. Services offered shou ld be universal to ensure coverage of all citizens in a particular country. In addition, the scope of benefits should be reviewed to ensure all members of family are covered (Gunnar, 2006). References Gunnar, W. P. (2006). Fundamental Law That Shapes the United States Health Care System: Is Universal Health Care Realistic within the Established Paradigm, The Annals Health L., 15 (2), 151. Quadagno, J. (2005). One nation, uninsured: Why the US has no national health insurance 5(3), 23-30. This essay on The Basic Elements of Health Insurance was written and submitted by user Nico Bruce to help you with your own studies. You are free to use it for research and reference purposes in order to write your own paper; however, you must cite it accordingly. You can donate your paper here.

How are the corporations debt securities reported on the financial st

How are the corporations debt securities reported on the financial st How are the corporations debt securities reported on the financial statements? ACC/300 May 5, 2015 How are the corporations debt securities reported on the financial statements? Debt Securities, according to Investopedia (2015), are Any debt instrument that can be bought or sold between two parties and has basic terms defined, such as notional amount (amount borrowed), interest rate and maturity/renewal date. Debt securities for corporations include government or corporate bonds, certificates of deposit, preferred stock, collateralized securities, and zero-coupon securities (Investopedia, 2015). Corporations use debt securities to gain financing for expansion, operations, or for any other activity were the corporation needs access to cash. Starbucks has long-term and current debt listed on its balance sheet, which makes up its debt securities. The listed liabilities for Starbucks are being used for expansion into domestic and foreign markets, as while as acquisitions of other companies. Starbucks current liabilities for debt securities were $794,500,000 and its long-term liabilities for debt securities totaled $2,440,500,000. Investopedia. (2015). Debt Security. Retrieved from investopedia.com/terms/d/debtsecurity.asp

Urban Essay Example | Topics and Well Written Essays - 250 words

Urban - Essay Example Many cities are founded based on industrialization and/or trade since with many industries there for labor arises, leading to people migrating to towns; these people will require housing education and medical services. This leads to centralization of services this bringing them close to employees, and their families. This spawns a range of business to service the needs of the inhabitants, because of the industries, there is also the demand for non-skilled labor, and the workers are often not well educated and poorly paid. As a result, they cannot afford the expensive housing and end up living in informal settlements or slums and shantytowns especially in third world countries. However, urban areas are centers of administrative government with their central location allowing them to be accessed by people from anywhere. They are also centers of entertainment with many fun spots such as discos, casinos and nightclubs being located in urban area. However, cities also create a breeding ground for a plethora of crimes mostly because of competition for limited resources these include; muggings and robbery, and self-destructive activities such as drug use and other unhealthy recreational activities as people try to escape their problems in a place far away from their