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Health Insurance Essay

1616 words - 7 pages

In the world today there are many different problems going on that should be addressed. Civic Engagement is something that everyone needs to take part in because other people can definitely use help. In my Freshman Gateway Class we have started a project dealing with the different problems going on. We have split into separate groups and have all chose topics regarding different civic engagement opportunities. The topic that my group chose is Health Care. We have broken that down into different sections to research, so I picked health insurance. I chose health insurance because it is something that is wildly discussed all over the world, it is a very broad topic, so many people have different opinions, and there is so much to talk about. It’s hard to believe that in America not all jobs provide health insurance, no matter how high the person’s salary may be, they should always be awarded health insurance.
Health care in America is something that has many ins and outs, many different topics, and health insurance is a major part of that. So many people have different opinions and that brings along problems. Some people believe different things and don’t always have the same opinions about who should be awarded health insurance. One problem with health insurance is that it is viewed by many as too expensive and providing too little coverage. A fundamental problem with health insurance is that participants regard premiums as a fixed cost; hence they perceive a marginal price for health insurance. A low marginal price does not change the fact that health care must be paid for. Thus, health insurance premiums are not at a fixed cost for society. Therefore, health care demand exceeds what it should be given its cost. Perceptions that health insurance premiums are too high lead to pressure to reduce them. Because you have to pay for health care, limiting supply or limiting price on providers can reduce the cost of premiums. Many of the major companies usually make certain limitations that cause many people not to be awarded health insurance. A lot of the limitations have to do with a specific age group which allows different kinds of coverage that can be awarded. When they do the limitations they will sometimes provide some care and other times delaying care. A majority of health insurance participants consume relatively small health care. They do not pay; therefore, they want lower premiums and are willing to do some benefits to get that coverage. A small group of Americans will want the full coverage and are willing to pay the full amount. Premiums are irrelevant to them. They want benefits that cover their costs no matter how great the expense or unusual the treatment. However, insurance is by nature a transfer-payment system. This has become such a problem in America because so many people think they deserve to have health insurance when in fact they don’t work nor are they willing to pay the full price to get the coverage. Even the people who...

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