Health Insurance

In: Other Topics

Submitted By Kingofadams
Words 1687
Pages 7
Harsh Realities of Healthcare
Adam Thompson
Bryant & Stratton
Research and Writing II - ENGL 250 – 551
Dr. Sharma
July 26, 2014

Insurance is a two-way legal agreement between the insurer and the customer. The customer, which may be an individual, business, or other entity, agrees to pay the premiums as required, in exchange for monetary protection from the insurer for any possible substantial loss. Customers usually obtain insurance, not to cover the trivial incidents of life or business, but to cover the potential significant losses which could be a financial hardship for them. The premiums of all customers of the insurance company are pooled together. The insurance applies statistical analysis to determine the chance that a particular event might occur to one of their customers. From this analysis they can determine the premiums which must be collected and the claims. Insurance is a very important part of modern life and business. Three health insurance companies: Healthspan, Anthem Blue Cross Blue Shield and Apex. Breaking down plans and talking about what they cover, how much they cost and where they are accepted and attempt to answer the age old question “Is people’s healthcare better depending on how much one pays?” All these packages are based on someone who makes $25,000 per year and only looking to cover just them. The prices also change depending on when they want their insurance to start and if they have to prorate for the previous month and also if the clients are a tobacco user or not. After reviewing all the information, people are not here to discredit the healthcare system, but open a few eyes to the harsh realities of hospitals Healthspan formally known as Kaiser is one of the most popular insurance companies that come to mind when people talk about insurance. People many pay more out of pocket but more of the services the client may…...

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