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The Convergence Of Healthcare Financing And Economic Trends And Forces

An examination of economic trends shaping healthcare financing and policy.

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    The convergence of Healthcare Financing and Economic Trends and Forces Name: Institution

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    Current health care financing and funding models Individual based model - Services provided by non - governmental organizations - Governance is communal central and membership is by volunteer - Provide healthcare with no profit aim Capital to run individual based model is provided by contributions from wellwishers.The health care covers only those who contribute the funds.Individual based model extend their services to both public and private facilities.strengths and limita tio ns encompass that model .Membership being voluntary makes the model strong but the major limitation is that the model lack homogeinity in area s o f benefit provided, regulation and population covered.

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    C ontinuation Government based model - Health care is provided through general facilities - Services are statute mandated - capital generated through taxes contribution Government based model funds are collected through taxation. The contribution is from workers of the nation and also government provide subsidies to cater for the unemployed. Government core role is to formulate and implement policies that g uid e providers and plans. The pros of that model is that contributors are willing to pay and contributors are given broad package of services.

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    Continuation Employee based model - It is an ancient healthcare financing - Services provided by insurance companies - Services provided to both private and public facilities Employee based model is the well known healthcare financing particularly in countries still developing. It is not a sustaina bl e healthcare facility and is declining gradually. Alarmed extent of separation is identified between treatment and payment. Em plo yee based model protect individuals from risk especially financial and propels justice.

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    Key economic goals of public health insurance plans Economic goal of public health insurance plan - Provide financial cover incase of unexpected ailment - Research on health to provide quality services - Provide wide variety of services for easier access. The core goal of public health insurance platform is to commence providing quality

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