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 ?
4 Projections indicate that this increase will endure in the next 50 years (in the study, 2010 data were used in the estimation) and that health expenditure for OECD countries will reach approximately 14% in 2060 but that it could be reduced down to 9.
In the second stage of the analysis, Budget Revenue per capita was taken as an independent variable and its association with Health Expenditure per capita was tested with Spearman's Correlation Coefficient.
An inequitable pattern of out-of-pocket health expenditure has been observed in context of income quintile and per capita.
Age was categorized into five groups while it may have no linear relationship with health expenditure.
Many researchers have used panel data approach to study the relationship between public health expenditure and economic growth and health indicators.
Factors affecting catastrophic health expenditure and impoverishment from medical expenses in China: policy implications of universal health insurance.
This study investigates the relation between health expenditure per capita and GDP per capita in South Eastern European Countries over the period 2000-2011.
The production function of per capita GDP(y) could be a function of health expenditure (h) and a vector (X) of public services and socioeconomic variables that affect real per capita GDP:
Given that medical inflation is steeper than food inflation, the need for lowering the government share in health expenditure cannot be overemphasised.
Roberts, 2003) A higher level of public health expenditure notably decreases infant mortality and increases life expectancy.
This paper mainly aimed to interrogate the unidirectional causality from dengue positive cases reported in Pakistan to health expenditure of Pakistan.
Analyzing health expenditure data from the Medical Expenditure Panel Survey for the years 2000-09 by nativity and legal status, researchers found 7.

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