Health Insurance, the word gives many people including me an instant headache. There are so many options, opinions, plan sizes, and restrictions that even someone with a PHD could easily get confused and frustrated. The book Personal Finance defines Health care as a form of protection to alleviate the finical burdens individuals suffer from illness or injury. In the following paper I will explain why healthcare insurance may not be the best option for every Americans and why a Christian Healthcare Co-Op is the best option for me. I will also discus the downfalls of The Affordable Healthcare Act.
Health insurance is a wonderful coverage for people with children, people prone to illness, and the elderly. For a healthy person without medial conditions it can be a waste of money. Health insurance can reduce the cost of seeing a doctor by over 50%. Your co-pay is a set price, and the co-pay covers almost everything done at that visit. You could have a full physical and three shots given and still pay the one price. Without insurance the visit will be a base price, then each shot its own rate. You could easily spend three …show more content…
That is not the case. The Affordable Care Act, has not played out how we Americans were told it would. Some were denied coverage because they don’t make enough money. What part of affordable does that concept apply to? “The community ratings provision of Obamacare means that young people will be forced to pay significantly higher premiums under the law than they would under an actuarial based insurance system. This is especially true considering most healthy young adults only need catastrophic insurance, whereas the law demands that they have more comprehensive (and more expensive) coverage. Early empirical evidence supports the logic that the premiums for young people are significantly higher under Obamacare.” (Williams,
Health insurance is a wonderful coverage for people with children, people prone to illness, and the elderly. For a healthy person without medial conditions it can be a waste of money. Health insurance can reduce the cost of seeing a doctor by over 50%. Your co-pay is a set price, and the co-pay covers almost everything done at that visit. You could have a full physical and three shots given and still pay the one price. Without insurance the visit will be a base price, then each shot its own rate. You could easily spend three …show more content…
That is not the case. The Affordable Care Act, has not played out how we Americans were told it would. Some were denied coverage because they don’t make enough money. What part of affordable does that concept apply to? “The community ratings provision of Obamacare means that young people will be forced to pay significantly higher premiums under the law than they would under an actuarial based insurance system. This is especially true considering most healthy young adults only need catastrophic insurance, whereas the law demands that they have more comprehensive (and more expensive) coverage. Early empirical evidence supports the logic that the premiums for young people are significantly higher under Obamacare.” (Williams,