Question

Summarize the three broad health-care plan design alternatives. DO NOT PLAGIARIZE. ORIGINAL ANSWER ONLY

Answer 1

Answer :

When conventional health insurance premiums increase, some Consumers are searching for options that offer some kind of cover without busting their monthly budgets. Healthcare-related benefits are frequently overlooked, thereby underestimating insurance plans as well. Despite a myopic view of their wellbeing, young and affluent people are reluctant to take out health insurance. Many citizens can not afford to pay the health insurance rates. The healthcare sector suffers sector weakness due to knowledge asymmetries, underestimation of costs, underestimation of potential demands, and unequal willingness to pay. Physicians also provide confidential information about the issue the patient is suffering from in the healthcare sector. The scheme addresses business problems associated with health insurance. Since the government is the manufacturer and expense carrier, patients with pay-ability inequalities are the least harmed. This makes affordable healthcare. The potential needs are therefore reliably measured, with essentially a zero marginal price for service healthcare is costly and prices are projected to continue to increase. You can't count on remaining alive or preventing accidents even though you are in good health today. Such plans will help if you can not afford a conventional health insurance policy. Nevertheless, bear in mind that these are not optimal solutions and the benefits differ. Let's discuss a viable healthcare plan design alternatives:

Health Care Discount Cards:
Several medical credit cards are available for those who choose to work on a cash-only basis for medical costs. Some loyalty cards may be used for care, prescriptions, or a combination of these for physicians and hospitals. The discounts may be large, up to 80 percent or more. Many cards come with one-time membership fees, while some may be charged a small monthly fee. Bear in mind that these fee-for-service services are discounted — not health insurance policies. And might not provide the resources you need so be sure to read the fine print. There is no oversight of this operation. Before buying the card, it is important to evaluate the option and efficiency of the service providers providing discounts. There is no oversight of this operation. Before buying the card, it is important to evaluate the option and efficiency of the service providers providing discounts.

Join a cost-sharing medical plan:
Another alternative that is becoming increasingly popular in medical cost-sharing initiatives such as Medi-Share. Health cost-sharing schemes are set up such that participants, including insurance companies, pay annual rates, pool their money, and cover the medical expenses of each other as they occur. Instead of a deductible, there is an "incident charge" for any medical condition that includes a co-pay, which a participant must first cover, for which the remainder of her accrued medical expenses related to the illness or occurrence is covered by the combined premiums charged by other program participants. Participants of services like Medi-Share are charged equivalent monthly rates to insurance premiums. We cover each other's medical bills by pooling their money when we occur. An "incident fee," equivalent to a copay, is charged by an individual who seeks medical care. The bulk of the treatment bills are borne by the bundled payments. Such services also negotiate deals with primary care physicians and hospitals to keep prices down. The premium fee, though providing equal rates of compensation, is usually less than standard health insurance. Some of the cost-sharing services available are from faith-based organizations and can cover such benefits, such as abortion or, perhaps, birth control, but aside from these exceptions, the policies work efficiently at a lower average value just like an ordinary insurance policy.

Primary care memberships plan:
Many private practices and independent primary care doctors provide services for a flat monthly rate, much like membership in a gym. It is also referred to as a concierge medical service. The regular services offered by a primary care physician can be accessed by a patient or family, including nearly unlimited doctor appointments, blood testing, and pediatric treatment, all without a copay. For example, such an agreement does not include surgery, hospitalization, treatment for major injuries, or specialized care. Individuals may replace their preferred healthcare "membership" with a high-deductible, reasonably low-premium health insurance coverage package intended primarily only to cover devastating illness or disability to pay for such unexpected catastrophic health care coverage. Individuals may replace their preferred healthcare "membership" with a high-deductible, reasonably low-premium health insurance coverage package intended primarily only to cover devastating illness or disability to pay for such unexpected catastrophic health care coverage.

**** Kindly LIKE the answer.It will help and motivate me. ****