MHA550 CASE MOD 1. THE FINANCING OF HEALTH CARE IN THE UNITED STATES

Health Insurance
Student’s Name
Institutional Affiliation
 Health Insurance
Health insurance is essential because it allows people to access preventive and emergency care, allowing them to afford it without spending much from their savings or income. When people lack health insurance, they will have limited access to specialized care and usually spend more on healthcare. There are several specific purposes of health insurance. Throughout the United States, many people have enrolled for insurance premium in order to cushion themselves from unexpected medical cases. The insurance status of the people affects care utilization, disease treatment, self-supported health, and mortality rates.
Purpose of Health Insurance
The primary purpose of health insurance is covering the medical expenses or those closely related to him or her and are included in the insurance cover. Health insurance also includes preventive care, such as getting medical examinations or tests before an individual gets sick. In the United States, the Affordable Care Act made covering certain types of healthcare services a requirement for all insurance plans. In this regard, health insurance guarantees that every individual receives primary healthcare such as ambulatory services, emergency services, hospitalization for surgery and other overnight stays, maternity and newborn care, mental health cover, prescription drugs, pediatric services, and preventive, laboratory, and wellness services (Lalley, 2020).
In the event of health outbreaks and other catastrophic health events, the insurance covers the unexpected costs and ensures that the person is cushioned from the impending financial implications. Health insurance is also an enhancement of the quality of care and practitioners. This is usually achieved through the quality rating that assists patients and insurance organizations in which healthcare organizations to engage, as well as exclude the certain organization from offering particular services based on the rating (Dey & Bach, 2019).
The financing of the health system assists in achieving its objectives. With proper access to health insurance, there will be a significant reduction in health inequalities, enhanced responsiveness to people’s healthcare needs, and warranting fairness in healthcare financing. Policymakers consider the introduction of health insurance as a way of assisting people in mobilizing for household health resources. It also a means for enhancing changes in a healthcare organization, consequently leading to quality care. With a proper legal framework for health insurance providers, there will be enhanced healthcare equity because people can afford it (Doetinchem et al., 2010).
Insurance Status in the United States Population
In the United States, health insurance has been established as a means for financing people’s healthcare expenses. While many people hold private health insurance, mainly through employers, many people depend on the government to obtain healthcare coverage (Berchick et al., 2019). In 2018, the Census Bureau reported that about 8.5% of people in the United States did not have health insurance throughout ...