News tagged with health insurance

Related topics: health care · affordable care · insurance · barack obama · health care reform

Med costs, insurance worry New Yorkers, survey shows

A painful, pre-existing condition – obsession over the cost of medical care and health insurance – makes the latest announcements of rising insurance rates a potent political issue, according to a survey that polled patients ...

Nov 03, 2016
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Obamacare 2017: A peek behind the numbers

(HealthDay)—As President Barack Obama prepares to leave the White House, his administration is gearing up for another open-enrollment period under the Affordable Care Act (ACA), perhaps the hardest-fought initiative of ...

Oct 31, 2016
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Obamacare 2017: Higher prices, fewer choices

(HealthDay)—Just days before the next enrollment period for health plans offered through the Affordable Care Act, many Americans were jolted by the Obama administration's announcement of a 25 percent price hike, on average, ...

Oct 31, 2016
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Health insurance

Health insurance is insurance that pays for medical expenses. It is sometimes used more broadly to include insurance covering disability or long-term nursing or custodial care needs. It may be provided through a government-sponsored social insurance program, or from private insurance companies. It may be purchased on a group basis (e.g., by a firm to cover its employees) or purchased by individual consumers. In each case, the covered groups or individuals pay premiums or taxes to help protect themselves from high or unexpected healthcare expenses. Similar benefits paying for medical expenses may also be provided through social welfare programs funded by the government.

By estimating the overall risk of healthcare expenses, a routine finance structure (such as a monthly premium or annual tax) can be developed, ensuring that money is available to pay for the healthcare benefits specified in the insurance agreement. The benefit is administered by a central organization such as a government agency, private business, or not-for-profit entity.

This text uses material from Wikipedia, licensed under CC BY-SA

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