Advantages and Need For Private Health Insurance

Every life that would be prone to health riskoffers fails to cover major luxury,
would definitely have a private insurance apartaccommodation and emergency transportation
from the group and government insurances. Manyand treatment cost in hospitals. It also fails to
countries offer concession in rate for privatecover optical, dental, physiotherapy treatments.
health insurances encouraging the citizens to havePrivate health insurances assure of having control
a one of their own.over ones own emergency. Money would never
The advantages of having private health insuranceconstraint people from working on things. Its ones
over relying on Medicare and the public hospitalown wish to choose hospital, doctors, period of
system are:application and cost too!
- One could enjoy luxury like TV or phone forThe Role of the Individual Insurance Market
entertainment when bed-ridden for many days.The individual insurance market would play an
- Waiting time is reduced when emergenciesexpanded role in McCain's plan. His proposed tax
occur.code changes would encourage more people to
- Immediate treatment and appointment withpurchase their own coverage and would let them
doctor is possible with a private health insurance.buy insurance from companies in other states.
- One can choose their own doctor. Many mayWhile this would expand choices for healthy
wish to have family doctors for their continuouspeople, allowing purchases across state lines would
and prolonging.eventually remove consumer protections currently
- One can demand a private ward at theirin place in some states, potentially reducing access
convenience.for older people and those with health problems.
- Couples & singles should go for privateMcCain has proposed to cover those with
insurancepre-existing conditions by expanding state high-risk
- More coveragepools.
- Low fee.Obama proposes a National Health Insurance
Who Benefits Most From Private HealthExchange where small businesses, self-employed
Insurance?individuals, and people without coverage could
Sometimes certain issues would be mostpurchase a private or public plan similar to that
favorable to certain persons than to others. Inoffered to members of Congress and federal
such a way, the most beneficial people fromemployees.
private health insurances are,Small businesses would be eligible for tax credits
- Aged People: Many situations, many relationships,to offset premium costs, and affordability for
and almost whole of the health condition gofamilies would be guaranteed through premium
wrong at this stage of life.assistance on a sliding scale based on income.
- Poor Health: Persons who are health retardantInsurers could not reject applicants or charge
right from their childhood could go for this plan.higher premiums because of pre-existing
- Sports person: Sport acquainted with risk mayconditions or other health risks.
cause risk to your health. Hence insuring privately"Senator Obama is proposing to build on the
would be most feasible.broadest risk pools in the system, strengthening
- Hi-risk activity: Other than sports, some otherlarge employer-sponsored coverage and
work would have its greater affinity to risk of life.expanding Medicaid and the State Children's Health
E.g., Persons working with machines, chemicalInsurance Program, while fixing the individual
factories, asbestos factories and a lot more.insurance market with consumer protections,
- Couples without children could go in for a privatebenefit standards, and income-related premium
health insurance, as this would be more affordableassistance," said Sara Collins, lead author of the
and more feasible at the In-Vitro treatmentreport and assistant vice president at The
periods. Moreover In-Vitro treatments does notCommonwealth Fund.
get successful in one attempt, they may require"Senator McCain's plan would shift coverage away
many attempts depending on the female quality.from employers to the individual market,letting
Hence, to cover all such issues as per ourpeople make their own insurance choices but
convenience private health insurance would bepotentially making coverage unaffordable or
needed.unavailable for those who are older or who have
Public system vs. Private health insuranceserious health risks.
Public health insurance though best with lot of