There are four categories of health insurance in the United StatesThe introductory video below, from Humana Healthcare, provide a quick overview of how health insurance works in the United States.
- Employer sponsored insurance, or group plans
- Individual health insurance, private plans
- Public coverage through Medicare (primarily the 65 years and older population)
- Public coverage through Medicaid
This video provides a brief overview of health insurance in the US.
After successfully completing this unit, the student will be able to:
- Compare and contrast Medicare and Medicaid with regard to population served, program management and funding.
- Describe the nature and current trends in employer-based health insurance and relationships to tax subsidies.
- Define the primary types of costs and revenues.
- Identify the main sources of money to pay for health care, how they have changed from 1960 to 2010 and how they are projected to change by 2020.
- Define cost sharing. Describe its intended purpose, relation to moral hazard, and potential unintended consequences for patients.
- Differentiate between co-pay, co-insurance and deductible.
- Explain the four parts of Medicare with respect to covered services.
- Compare and contrast Medicare and Medicaid with regard to the populations served and program management.