Question

In: Operations Management

In what ways have our "competitive" marketplace and/or health insurance helped or hindered the delivery of...

  • In what ways have our "competitive" marketplace and/or health insurance helped or hindered the delivery of reasonable cost, high quality healthcare products and services in the US?

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Expert Solution

answer-

In healthcare industry, the patients want that the health services given to them is of high quality and low in cost so that everyone can have access to healthcare in US. so in this context, Health insurance helped in the delivery of reasonable cost, high quality healthcare products and services in the US-

the first way health insurance has benefit the people is that it provide more medical care and timely care when they get medical issues while lack of health insurance can be burden on people who are not insured like financial burden on them and their families.

the second way is that with health insurance, person who is insured does not have to pay huge amount for treatment as it is covered by the medicaid and medicare program in US. they just have to pay low cost premiums on time while when they encounter any big medical condition then insurance companies pays their treatment.

the third way is that You get free preventive care, like vaccines, screenings, and some check-ups, even before you meet your deductible .

so, we can see that how much benefit US people can get under health insurance as future is unpredictable so people has to insured their future.


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