Private or voluntary health insurance schemes, Biology

Private or Voluntary Health Insurance Schemes

Private health insurance systems are paid for by non-income-based premiums while the voluntary health insurance premiums are paid for by voluntary contributions. Although the two types of coverage are distinct, most private health insurance markets are also voluntary. Private/voluntary health insurance markets are controversial as they often reach wealthier populations. They are also the subject of market failures such as ‘adverse selection’ by covered individuals and ‘cream skimming’ of better health risks by insurers. ‘Premium volatility’ is identified to limit affordability acting as a financial barrier excluding many individuals from gaining access to such insurance schemes.

In view of these complexities, the relevance of private/voluntary insurance schemes is particularly limited for low income countries. Although some of the challenges and market failures can be addressed by regulations and mandated insurer actions, such regulations are considered difficult to implement. This is because the presupposed regulatory resources, political backing, and well functioning financial and insurance markets may themselves be weak thereby posing challenges to strike an appropriate balance between the access and equity concerns as also the promotion of an efficient and competitive marketplace.


Thus, no particular system of healthcare financing may be uniformly suitable to all sections of the society in a country. Low-income countries, in particular, need to increase the efficiency and equity of all public spending systems, including health spending. Given the budgetary constraints and difficulties in generating additional fiscal space, low-income countries are likely to have a larger and more equitable impact on health outcomes if they select a basic universal package of public and merit goods. Such a package should include treatment services that have been proven effective in advancing towards the millennium development goals. The financing of other interventions should be targeted. As studies have revealed large imbalances in the benefit-incidence of public spending on health, low-income countries must improve their targeting of expenditures to those interventions that have the greatest marginal impact on the poor. For this, they need to focus on improved mechanisms of purchasing. The subsequent section dwells on this aspect of healthcare financing.

 

Posted Date: 12/17/2012 1:42:04 AM | Location : United States







Related Discussions:- Private or voluntary health insurance schemes, Assignment Help, Ask Question on Private or voluntary health insurance schemes, Get Answer, Expert's Help, Private or voluntary health insurance schemes Discussions

Write discussion on Private or voluntary health insurance schemes
Your posts are moderated
Related Questions
What is a single cell protein? The proteins obtained from microbial sources, i.e. algae, fungi, bacteria, yeast etc. are referred to as Single Cell Proteins. These are isolated

If for some reason our goblet cells are non-functional, this will adversely affect: 1. Production of somatostatin 2. Secretion of sebum from the sebaceous glands 3. Matura

The various types and their description of Heart failure are as follows:  Left Sided Versus Right Sided Heart Failure   Predominantly left sided failure is seen in left ventr

Explain Membrane Filtration Technique? Another method used for determining the bacterial number is the filtration technique. The margain figure illustrates the membrane filter

Q What are the three structures shared by every chordate that characterize the group? All beings of the phylum Chordata have branchial clefts in the pharynx in some species pre

Q. Pathophysiology of Chronic wasting disease? We all know that heart attack i.e. myocardial infarction is not the beginning but a last stage representing acute clinical manife

Q. Explain Restricted fragment polymorphism? This method makes use of a group of enzymes termed restriction enzymes which recognise particular sequence of DNA and act as "molec

Neurosyphilis  Symptomatic neurosyphilis, including ophthalmic or otic infection, requires treatment with high doses of aqueous penicillin G IV or procaine penicillin G IM with

Q. What is ST Elevation? Although a stable LV aneurysm may manifest ST-segment elevation in the precordial leads at rest. Some subjects with normal hearts show a degree of elev

Explain the Radiographic Failure of Root Canal Treatment It is the persistence or development of pathosis radiographically. Specifically, this is a radiolucent lesion that has