Week 3 Discussion 1

“Healthcare Insurance” Please respond to the following:

• From the e-Activity, compare the key components inherent in the national health insurance financing systems of two (2) different countries. Determine the impact that financing health insurance has on the economy of each country that you selected. Provide examples to support your rationale.
• Examine the importance of health insurance with respect to the cost of the uninsured on the healthcare system. Interpret the function of the Affordable Care Act in providing insurance coverage to the uninsured. Provide two (2) examples to support your rationale.

Answer preview

The national health insurance financing system varies from one country to another. Based on the Canada and America health insurance, its financing system is different. The Canada health insurance is funded by a ‘single-player’ which means the public funds the cost associated with healthcare through the provincial and federal taxes. In the United States, it’s a different case since the national health care insurance are offered by the private companies thus each the citizens caters for the healthcare cost without the help of the government. Financing health insurance in Canada has negatively affected the economy since more funds are set aside yet it can be used in other sectors to boost the economy. For example…