Private Health Insurance Plans
Private health care insurance has existed for a long time, but it hasn't been until the last decades in which it has been democratized. Consider that it wasn't until the end of second world war that the demand of private health insurance plans skyrocketed.
Although they are criticized by many people, it is undeniable that they offer a invaluable service to our modern society. In conjunction with the public health system, private health has become one of the main reasons why our life expectancy has more than doubled since the times of Ancient Rome.
Right now in the United States there are two kinds of health insurance: public and private. In the case of public health insurance, there are three types of plans, each one designed for a determined type of costumer.
The first one is Medicare, a program that was funded by the government in 1965. The intention of this program was to correct certain inconsistencies in the Social Security legislation. This program covers people who has 65 or more years of age, or that meet determined parameters (for example, disability).
The second one is Medicare Advantage, an extension of the original Medicare. It was created in 1997, and it combines both the publi c and private sector. How so? The beneficiary can opt to use private health insurance plans.
Finally, there is the private health insurance (PHI). A PHI is nothing but a contract between the company and the beneficiary. The first step of this contract is a complete medical exam of the person who wishes to obtai n an insurance policy. After determining the ailments that the client has, the insurance company will determine what kind of medical policy will it emit.
For example, if the patient has an antecedent of cancer, he won't be offered a cancer policy since there is a high percentage of probability that the individual will suffer again from that disease. After all, insurance companies earn money from the estimation of probabilities.
Continue to:
Criticism Of Private Health Care Insurance
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