Write an Overview of the Health Insurance in United States (Coursework Sample)

Health Insurance
Student’s Name
College Affiliation
Health Insurance
Introduction
Health insurance has always been a pertinent issue when it comes to policies that regard health. When people pool resources, it becomes easy to handle costly conditions such as cancer and various other surgical procedures. Over time, medical care costs have risen owing to the complexities of health problems. At the moment, the corporate world controls the production of many of the available medicines, and the governments use a lot of cash to procure them (Kotcher & Adashi, 2011;Schoen, et al., 2011)). When people pool resources, it becomes easier to get the required medical care since all people cannot get sick at the same time. Various policies have been developed so that they can look into the medical costs and the ways in which insurance policies can be of help in managing individual medical bills.
Problem Statement
The Affordable Care Act looks to offer affordable care to the general masses but with it comes hidden costs that will be quite overwhelming to the general public.
Problem Background.
About a sixth of the US economy goes to health care. That in itself explains the place that health stands in the American government. People value it, Obama promised Obama care and so the many presidents that have taken reigns in the USA have all been coming up with their policies regarding health care. Expert opinion points to up to 800 billion being sent to redundant, wasteful and inefficient processes. The high medical care has brought punishment for families on the costs (Wilper, et al., 2009; Koh & Sebelius, 2010). Over time, the Medicare cost has risen, and other areas have had to accept cuts in expenditure to see to continued healthily assured public. Rising health costs have seen fraying of the national safety net, long-term monetary insolvency, as well as, erosion of the nation’s global competitiveness. In the process, there are very issues that have arisen in health care meant to shoulder the increasing costs.
The increases in the cost of health care have lead to increasing in premiums that people pay for their insurance cover. There has been an increase of the field of focus of the health insurance to other scopes that have not been covered over time. In the same way, new taxes and other fees, as well as, increasing the benefit requirements, as well as, increased cost of health services at an overall level lead to the increase in the premiums. However, the rates have a way in which they differ based on the people group on focus (aged, young, middle age, and expressed statistical predisposition to maladies).
The government has come up with Affordable Care Act that has seen a lot of struggles between the republicans and the democrats (Koh & Sebelius, 2010). The Act looks like a way out, but the provisions make it hard to trust completely a thing that has seen the Act go as far as Supreme Court as proponents try to prove its credibility. The Act seeks to create a framework where millions of people can access insurance policy. Also, the program seeks to establish a system where children can stay within their parents policy plans up to the age of twenty-six. One major provision is that where the Act implied policy provision at minimum cost.
Disadvantages linked to the system are the costs, and coverage disruption for seniors, employers, as well as, market customers. The Affordable Care Act is meant to help people to get the care at a cost they can afford albeit for the first time. However, the expected will be a rise in cost for various people. The choice given in the management of health will have the healthy individuals who opt out failing to benefit, and also, in the process, the few that may be covered will have to pay a higher price when some people opt out (Foster, 2010). However, it cannot be forgotten that people will not be forced in any way, or seem forced to get the insurance. So, While people will manage to get a deal that covers more millions of Americans, and liberty to opt out, the people who get covered will have some people fail to get what they have always been trying to bargain for regarding cost. While making the burden bearable, other people who may have been middle-income earners get a bit unsettled since in reducing the cost for some people, at a point, someone has to carry the burden. Here, all people must bring their heads together to see that there is a reduction of costs of premi...