Question

In 300 words compare in contrast 2 of the following approaches to financing health care in the U.S.

• Private Insurance
• Managed Care
• Public
• Federal

Answer 1

Choosing an insurance plan that meets your needs can be overwhelming. The first step is to understand the difference between public vs. private health insurance.

Public vs private health insurance:-

Public health insurance includes these options:

▪Medicare, a federal program for adults over the age of 65 and certain disabled individuals.

▪Medicaid, a state-run public health insurance program for low-income individuals.

▪The Children’s Health Insurance Program (CHIP), a subset of Medicaid, which offers subsidized low- or no-cost health insurance for children.

One difference between public and private health insurance is eligibility. Qualifying criteria for public health insurance options include age and income. If you do not qualify, you can get private health insurance, and eHealth can help! We offer specialized brokers to help you find plans in any state, as well as a wide range of plans and a variety of services to help you manage your healthcare coverage.

Private health insurance refers to any health insurance coverage that is offered by a private entity instead of a state or federal government. Insurance brokers and companies both fall into this category.

You have many options for how to enroll in a private plan, including:

•Licensed agents, such as eHealth
•Health insurance offered through an employer (such as a group health plan)
•Federal or state marketplace plans.

Overall, most Americans are enrolled in a private health insurance plan, according to the U.S. Census Bureau. The rest may have coverage through a public or government program like Medicaid or Medicare.