Question

In: Economics

There are three health care policy options in these pages presented by Henderson. They are single...

There are three health care policy options in these pages presented by Henderson. They are single payer, mandated, and market-based alternatives.

You have been hired by your local congressional representative to prepare a recommendation for him/her on which of the three policies to support.

Select 1 of the 3 and thoroughly compare and contrast all three options.

Solutions

Expert Solution

Henderson insurance services was headquartered in 1988 by way of its owner, George Henderson, who has been serving individuals and small firms as an unbiased coverage broker in downtown La Verne, California. In 2006 his son´s joined the industry and now we are a full-provider company helping businesses, members and families with all their coverage wants.


A-Share Variable Annuity A type of variable annuity contract the place the contract holder pays sales charges up entrance rather than finally having to pay a give up cost.

Accelerated loss of life advantages A life insurance plan option that presents policy proceeds to insured members over their lifetimes, in the event of a terminal ailment. That is in lieu of a usual coverage that can pay beneficiaries after the insured death. Such benefits kick in if the insured turns into terminally ill, wants severe clinical intervention, or need to stay in a nursing dwelling. The payments made even as the insured is living are deducted from any death advantages paid to beneficiaries.

Accident and wellbeing coverage insurance policy for accidential injury, unintended death, and related health expenditures. Benefits can pay for preventative offerings, scientific expenditures, and carastrophic care, with limits.

Lively Participant
person whose absence from a deliberate event would set off a advantage if the event needs to be canceled or postponed.

Routine of every day living
Bathing, preparing and eating ingredients, relocating from room to room, entering and out of beds or chairs, dressing, making use of a toilet.

Actual cash price
rate of exchanging damaged or destroyed property with similar new property, minus depreciation and obsolescence. For example, a ten-yr-historical sofa may not be replaced at present full price on the grounds that of a decade of depreciation.

Actuary
A specialist in the arithmetic of insurance who calculates charges, reserves, dividends and other information. (Americanism: In most different nations the character is known as mathematician.)

further residing expenses further expenditures blanketed with the aid of homeowners policies over and above the policyholders original living costs. They kick in when the insured requires temporary refuge as a result of injury via a protected peril that makes the house briefly uninhabitable.

Adjustable cost
An curiosity cost that changes, based on changes in a published market-fee index.

Adjuster
A consultant of the insurer who seeks to verify the extent of the insurers liability for loss when a declare is submitted.

Admitted property
belongings permitted with the aid of state regulation to be incorporated in an coverage corporations annual statement. These assets are an primary factor when regulators measure insurance company solvency. They incorporate mortgages, stocks, bonds and actual estate.

Admitted enterprise -An coverage manufacturer licensed to do industry in California.

Adversarial choice The tendency of those uncovered to a higher threat to seek extra coverage insurance plan than those at a diminish chance. Insurers react either by way of charging greater premiums or not insuring in any respect, as in case of floods. (Flood insurance is furnished by the federal executive however offered mostely through the personal market.) within the case of traditional failures, corresponding to earthquakes, adversarial determination concentrates chance rather of spreading it. Coverage works best when risk is shared among enormous numbers of policyholders.

Affinity earnings selling coverage via groups corresponding to professional and trade associations.

Aftermarket ingredients See Crash parts; regularly occurring auto constituents.

Agent coverage is sold via two types of dealers. Independent dealers, who are self-employed, signify several coverage organizations and are paid on commission, and distinctive or captive agents, who signify only one coverage corporation and are either salaried or work on fee. Insurance organizations that use uncommon or captive retailers are called direct writers.


Related Solutions

Discussion of health policy, we boiled health policy down to three questions with options for each...
Discussion of health policy, we boiled health policy down to three questions with options for each question. Keep in mind that not all options are mutually exclusive. That is, you can use several options at once, if you wish. For each of the three questions, please select how you would design a healthcare system and why. More specifically, for each option that you choose, you should clearly identify: what are the benefits to that option; what problems does your chosen...
Health Care Options, Inc. Health Care Options, Inc. (HCO) is a home-health care facility located in...
Health Care Options, Inc. Health Care Options, Inc. (HCO) is a home-health care facility located in the heart of the Blue Ridge Mountains. It supports local residents within a 50-mile radius by providing home health care services that range from medication administration, catheterization, and wound dressing to bathing, dressing, and feeding. These services are administered by skilled nurses and home health aides who are employed by HCO. The management staff includes a receptionist, two co-owners/managers, and an accountant. Patients receive...
Explain in detail three out of the 12 policy trends in health care. Which policy trend...
Explain in detail three out of the 12 policy trends in health care. Which policy trend do you expect will mostly likely have an immediate impact?
Explain in detail three out of the 12 policy trends in health care. Which policy trend...
Explain in detail three out of the 12 policy trends in health care. Which policy trend do you expect will mostly likely have an immediate impact? As a future health care administrator, give thoughtful analysis as to why you believe this will happen.
New Question: Health care policy what stakeholders are impacted by this policy (e.g. health care consumers,...
New Question: Health care policy what stakeholders are impacted by this policy (e.g. health care consumers, medical staff, etc.)?
⦁   Explain the importance of health care policy and its impact on health care determinants.
⦁   Explain the importance of health care policy and its impact on health care determinants.
Reference based on Health Economics and Policy by James W. Henderson (2017). One factor that determines...
Reference based on Health Economics and Policy by James W. Henderson (2017). One factor that determines the specialty choice of new medical school graduates is the income potential of the specialties. If these incomes are not determined in a competitive labor market, then it is possible that the number entering a given specialty will not meet an efficient level. The current system, dominated by Medicare and large insurance companies, is not competitive. Some claim that the lack of competition in...
discuss the importance of ethics in health care policy.
discuss the importance of ethics in health care policy.
Discuss the importance of ethics in health care policy.
Discuss the importance of ethics in health care policy.
discuss the importance of ethics in health care policy.
discuss the importance of ethics in health care policy.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT