Health insurance

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Health Insurance

An insurance policy that provides coverage when the policyholder (or his/her dependent) becomes ill. For example, a health insurance policy may pay for most or all of the costs of a surgery. Health insurance may cover doctor's visits, medical procedures, prescription drugs, and so forth. The policyholder pays a premium each month in exchange for the coverage; additionally, the policyholder often must pay coinsurance and/or a copay for certain procedures. In the United States, many people procure health insurance through their employers because it is often expensive to buy on one's own. Likewise, many people have group insurance to provide medical coverage. A significant amount of debate exists as to the appropriate role of the U.S. government in regulating health insurance providers and whether the government should assume this role directly.

Health insurance.

Health insurance covers some of or all the cost of treating an insured person's illnesses or injuries. In some cases, it pays for preventive care, such as annual physicals and diagnostic tests.

You may have health insurance as an employee benefit from your job or, if you qualify, through the federal government's Medicare or Medicaid programs.

You may also buy individual health insurance directly from an insurance company or be eligible through a plan offered by a group to which you belong. As you do with other insurance contracts, you pay premiums to purchase coverage and the insurer pays some of or all your healthcare costs, based on the terms of your contract.

Some health insurance requires that you meet an annual deductible before the insurer begins to pay. There may also be coinsurance, which is your share, on a percentage basis, of each bill, or a copayment, which is a fixed dollar amount, for each visit.

Health insurance varies significantly from plan to plan and contract to contract. Generally, most plans cover hospitalization, doctors' visits, and other skilled care. Some plans also cover some combination of prescription drugs, rehabilitation, dental care, and innovative therapies or complementary forms of treatment for serious illnesses.

References in periodicals archive ?
Even if the GDP of Albania, Bosnia and Herzegovina, Macedonia, Montenegro and Serbia have increased from 2000 to 2011, this growth rate was very slow and par consequence, the health expenditure in these countries is seen to be slow too.
It should be additionally noted that indicative conclusions from the relevant bibliography show that health expenditure is expected to increase further in the near future.
The large body of literature on the subject of health expenditure determinants points to a number of demographic and economic variables.
As health systems data are highly inadequate in Pakistan, the results of the study reveal many data inconsistencies and discrepancies in health expenditure patterns which need further explanation and exploration.
For example, if the coefficient on the trend variable was positive, it may imply that there is a missing variable driving health expenditure growth persistently upwards; this may be the case, for example, if price growth in the health sector has historically grown faster than GDP price growth (a potential scenario as both GDP and health expenditure are expressed nominally in the models).
The health expenditures per capita was 725 TL (533 USD) in 2007, but reached 812 TL (624 USD) in 2008.
In its most recent publication on health expenditures, however, Health Canada has introduced a new "one size fits all" deflation procedure, which involves deflating private health expenditures encompassed in each health expenditure series by the health care component of the CPI, and the public expenditures encompassed in the series by the government goods and services implicit price index (Health Canada, 1996, part 3, pp.
When a public agency becomes involved in controlling health expenditures, any federal or state statutory authority responsible for administering a global budget process would quickly become dominated by the providers and insurers that it is supposed to regulate.
In recent years, the ratio of health expenditure to GDP has risen however this was largely the result of a slowing in GDP growth following the global financial crisis, rather than extraordinary health expenditure growth.
Because Latinos cluster in certain geographic regions, health expenditure would be influenced by these factors.
The release stated that the total health expenditure per capita reached $307 in 2011 compared to $282 in 2010.
In addition, CMS has participated in the annual OECD Health Account Expert meetings and has been reporting health expenditure data on annual bases crosswalked to the SHA definitions when possible.

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