Assignment: Summarize the Four Components of Health Care

Four Components of Health Care
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Four Components of Health Care
According to the World Health Organization, there are four key components of a functioning health care system. These are; finance, insurance, delivery and payment CITATION Wor10 \l 1033 (World Health Organization, 2010). The interactions between these four components are critical in ensuring the health of patients and their potential for treatment and rehabilitation. Finance, insurance, and payment deal with the monetary aspects of the health care system. These components provide financing for the system by providing resources for financing of the hospital equipment and medication as well as providing remuneration for staff. These components ensure that the health care system remains financially sound and capable of meeting its financial obligations CITATION Wor10 \l 1033 (World Health Organization, 2010). The delivery component deals with the delivery of health care services to the populace. These components are regulated by health care bills in the United States. The paper, therefore, looks at how health care bills affect a component of health care. The paper will dissect the Affordable Care Act of 2010 and how it affects insurance.
Discussion
The passage of the Patient Protection and Affordable Care Act (PPACA) (ACA) 2010, represented a significant overhaul of the health care system in the US CITATION 11110 \l 1033 (111th United States Congress, 2010). The act requires the transformation of healthcare practices in the areas of finance, insurance, and clinical delivery. The ACA was tasked with making health care accessible for patients by expanding insurance coverage in the US by public and private agencies. It was also mandated with increasing the quality of health care patients received. It also ought to reduce the overall cost of healthcare for private individuals and government by expanding the insurance bracket.
The Act contains a number of key provisions; these include guaranteed issue where insurers are required to provide cover for anyone who applies. This is regardless of pre-existing medical conditions. Insurers would also be required to demand the same premiums from individuals in a similar geographical location without regard to gender. The act also recognized Individual Mandate where the government would not provide the individual with cover and would require the individual to pay penalties CITATION Jea12 \l 1033 (Sorrell, 2012). The act established insurance exchanges which are insurance markets for private insurers. These exchanges allow buyers to compare the insurance premiums and covers from a host of providers and thus come up with the cover that is best suited for them. The act also provided a minimum medical loss ratio (MLR). An amendment to the act further specified this to be between 80-85%, where t...