Question

Compare and contrast public and private types of health insurance?

Give examples and descriptions of health insurance practiced in at least 2 countries of your choice.

Answer 1

Ans -

Public health insurance is insurance that is subsidized or paid for entirely by public (government) funds.

Private health insurance is paid for in part or entirely by the individuals being covered. ... Private health insurance can be offered through an employer or can be purchased by individuals.

Private insurance tends to be more attractive for outpatient usage, as the cost of care tends to be lower and of higher quality. However, for more serious health conditions requiring expensive treatment, the public system becomes more appealing due to its lower out-of-pocket cost (Henriquez, 2006).

The difference between public and private exchanges is pretty straightforward: A private health insurance exchange is a health insurance exchange run by a private company. A public health insurance exchange is a health insurance exchange run by a government (or government-contracted) entity.

It includes, for example, a mother caring for a sick child at home; private providers; behavior change programs; vector-control campaigns; health insurance organizations; and occupational health and safety legislation.

The United States Spends More on Healthcare per Person than Other Wealthy Countries. ... For comparison, Switzerland was the second highest-spending country with about $7,300 in healthcare costs per capita, while the average for wealthy OECD countries, excluding the United States, was only $5,300 per person.

Countries with the best healthcare systems in the world have scores between 90-96.1. The Netherlands holds the highest score of 96.1.
...
Based on the latest report, the following countries were found to have the best healthcare:

• Germany.
• Hong Kong.
• The Netherlands.
• Switzerland.
• Singapore.
• Luxembourg.
• Japan.
• Sweden. And more