In: Finance
Make the business case why healthcare providers should advocate for expansion of insurance coverage for the poor. ( No plagiarism please ) 150 words essay
Answer -
The primary necessity for any individual is to get proper treatement when he/she suffers from any disease. The healthcare providers who collect high premiums from an individual to support when need arises should allocate the facility to the insurance coverage to the underprivileged and poor with low or no premiums. There are lot of poor people who lose lives because they cannot afford treatment for the ailments and diseases that require high treatment costs.
The insurance healthcare provides should set a slab and low premiums for poor and also cover them in the ambit of insurance coverage for healthcare. All the individuals should be accountable and be responsible for the wellbeing of all the humans irrespective of the financial status of the people.
The healthcare insurance coverage companies have also a Corporate social responsibility (CSR) allocation fund which can be set aside along with the low premiums that can used for health coverage of the poor. The health of any individual is of primary importance and any one suffering from any ailment should be treated with utmost care and healthcare insurance companies can play pivotal role in this initiative.