Category: Medical Science

Whats are the concepts of Medicare and Medicaid? How does USA differ from other countries in its approach to healthcare insurance coverage? This will all be discussed and briefly explained in this post. The country that is awarded to spend the most on health each year by far is The United States. The USA has a health care system that is varied and unique among the other high-income countries as it is not a universal health coverage system. If we look into the practical approaches that how people react against…

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…

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…

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…

From the biological point of view, aging is the physiological and structural variability in the body that starts declining over time. Mostly, this declination process may start during the middle age when the body functioning reaches a peak limit, but there is no specific limitation of the time of its commencement as various other factors determine it including the external and internal factors. These external and internal factors not only play role in the susceptibility to death but limit the normal body functions and they lead to the onset of…