Anyone Wants Health Insurance?
Health insurance is important to every individual because one never knows when he will need it. Due to the advances in modern medicine, medical diagnostic and treatment procedures are now a lot more expensive than before. Not everyone can afford the full cost of medical treatment which could easily add up to thousands of dollars.
The tremendous increase of health insurance prices in recent years has been attributed to various health-related factors such as lack of regular exercise, unhealthy food choices, exodus of doctors away from poor areas and rural areas, alcohol consumption, cigarette smoking, the popularity of drug addiction, increased body fat leading to obesity and the sedentary life led by most individuals nowadays.
Health insurance coverage originated in 1694 by Hugh the Elder Chamberlen, who first thought of the concept of health insurance. In the late 19th century, health insurance was called disability insurance because health insurance was limited only to medical costs of such injuries that would potentially lead to disability.
Health insurance is a program in which the insurer pays the medical costs of the insured should the insured become afflicted with sickness due to diseases or accidents covered by the insured’s plan. There are private organizations and government agencies who offer health insurance.
Health insurance is classified into private or non-government coverage or government-sponsored. A private health insurance is purchased from a private health insurance company and it is further classified into employment-based health insurance, which if offered through one’s employment. … Read more