Co-insurance, Out-Of-Pocket Expenses, Private Insurance, & Public Insurance

Co-insurance, Out-Of-Pocket Expenses, Private Insurance, & Public Insurance

In this article, four concepts of the healthcare insurance systems including Co-insurance, Out-Of-Pocket Expenses, Private Insurance, & Public Insurance are discussed and explained briefly. Let’s get started with the definition of Co-Insurance in terms of healthcare insurance system followed globally.   Co-insurance in terms of healthcare insurance system A percentage of the costs of care that an insured patient has paid out-of-pocket is called Co insurance. Out-Of-Pocket Expenses in terms of healthcare insurance system The costs for medical care which are not supposed to be reimbursed by insurance are called…

What is Deductible & Copay in terms of healthcare insurance system?

What is Deductible & Copay

Both deductible & Copay are key terms to understand as they have wide use in the healthcare insurance system globally. The concepts of both the terms are discussed below in their respective headings. Deductible in terms of healthcare insurance system The amount that must be spent by an insured person out-of-pocket on health care every year, in addition to the extra premium, well before the insurance company starts to pay for health care services is called Deductible. Keep Reading: What is Universal Health Coverage? What is health system? What is…

What is pooled risk in terms of healthcare insurance system?

pooled risk in terms of healthcare insurance system definition and concept explanation

The health insurance systems that could be both, private or public, and are funded on the basis of the principle of pooled risk, which assumes that if there are a few high-risk people and a lot of low-risk people all pay premiums to the insurance system over many years, then there will be a pot of money that could be used to pay for the illnesses and injuries in case they occur. The whole concept is called Pooled risk in terms of the healthcare insurance system. Van Thompson defines pooled…

Factors influencing my buying behaviour & Black Box | Initial post

Factors influencing buying behaviour

Factors influencing buying behaviour | In this post, I will discuss the personal and psychological factors that have a significant influence on my buying behaviour. Having analysed my recent and planned purchases, the personal factor is the factor that has driven me in my buying decisions. The purchase I will focus on is a pair of Pandora earrings. Personal factors & Buying Behaviour There are sub-factors in the list of the personality factors influencing buying behaviour. These are discussed as follows. Age and life-cycle stage  I am at an age that I…

What is meant by the term Universal Health Coverage?

Universal Health Coverage

When everyone in a particular country has access to high-quality health care services that also includes diagnosis of disease, preventive care, treatment, and rehabilitation as well is called Universal Health Coverage (UHC). When every individual is protected from major health-related financial shocks through a financing system that is tax-based or simply a health insurance plan, we say that UHC is present in that population. The United Nations Organization working so effectively in the same mission to ensure that every individual can access the good quality of health services without facing…

What is a health system? Its major components or Building blocks | Global Health Financing

Global health financing health system and its major components

The health system is providing quality services to the people who require them at any particular time. These systems vary from country to country, but ultimately the adjoins to meet at the point of order of fulfilling the batter services to provide good health to individuals at the end. The Health system also includes utilization of facilities, qualification of experts, medicines, and technology in order to deliver good health care services. An Important Topic ✒ What is Capital Market: What’s the purpose of the capital market in business world? By…

4 Factors Influencing Consumer Buying Behaviour

consumer buying behaviour

It is always an important task for a business for profit-oriented organizations to study the needs, wants, and demands of the consumers. Consumers always look as per their personal choices. But marketers must know that there are several factors, other than personal choice, which can also affect consumer buying behaviour. They have been studied by enormous researchers and marketers as well. Philp Kotler and his co-writer Armstrong also wrote in their book “Principles of marketing” that there are actually 4 factors that can affect the decision of the consumers in…

USDT into PKR | September 14, 2021 | Cryptocurrency rates

USDT into PKR 14 September 2021 2021

Latest cryptocurrency rates update | USDT into PKR | Gofrixty Daily Crypto | September 14, 2021 | 09:00 +05:00 GMT | Tether, ISO code USDT, is a stable coin or often named stable currency that converts cash into digital currency. As per the coin market cap, it is the fourth largest crypto asset after Bitcoin, Ethereum, and Cardano Coins. The latest update of the conversion rate of the USDT into Pakistani currency as of September 14, 2021, i.e. Tuesday is Rs. 167.96 as of coin market cap. Advertisement According to…

Cardano update | Projects’ momentum and smart contracts on blockchain

Jessica Walker Cardano update ADA most recent update

Cardano update | Gofrixty Crypto Analysis Expert opinion | May 19, 2021 | 10:15 +05:00 GMT | In contrast to most other major cryptocurrencies, Cardano (ADA) was to a great extent unaffected by Ilon Mask’s tweets to suspend tolerating bitcoin (BTC) as a source to purchase products by Tesla. Indeed, ADA mobilized and resisted for a long time at around $2.1 for the absolute first time. Why Cardano resisted Investors around the globe are looking forward to pursuing green products an alternative to Bitcoin (BTC) which has dominated the crypto…

How to withdraw cryptocurrencies in Pakistan in 2021

how to deposit or withdraw cryptocurrency in Pakistan

If you’re looking to deposit or withdraw cryptocurrencies in Pakistan in 2021, this is a useful article for you. Here you will be guided step by step through the process that will help you withdraw or deposit the major cryptocurrencies in Pakistan. Cryptocurrencies are digital assets one can trade, exchange, and can use as a medium of exchange to purchase or sell products and services. Cryptocurrencies are currently at their boom since December 2017. If you have purchased and holding cryptocurrencies and wanted to cash out right now as they…