Healthcare Insurance Costs: Analysis and Recommendation

This report provides an analysis of healthcare insurance costs, focusing on the advantages and disadvantages of current systems, particularly Medicare and Medicaid, while also touching on the role of private insurance. The report examines the limitations of government-based health insurances, such as the restricted coverage of certain services like vision, hearing, and dental care, which may impact the quality of care. It highlights the potential benefits of a cost-effective plan for primary healthcare, emphasizing the need for a single insurance plan to cover essential healthcare needs and allow patients to opt for private insurance for specialty services. The report concludes by suggesting that a cost-effective plan for primary healthcare options could be beneficial, addressing issues related to disease coverage and healthcare access. References to relevant research are included to support the analysis.

Running head: HEALTHCARE INSURANCE COSTS
HEALTHCARE INSURANCE COSTS
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1HEALTHCARE INSURANCE COSTS
Introduction
The availability of a range of private as well as government provided medical insurance
plans such as Medicare and Medicaid, ensure plenty of opportunities for current citizens to have
their disease, healthcare and medication needs covered effectively. However, considering the
range of disadvantages demonstrated by the current healthcare system, an alternative, cost-
effective plan may rather prove to be beneficial as expounded upon in the following sections of
this paper (Jung et al., 2018).
Discussion
One of the major disadvantages of government based health insurances is the limited
number of healthcare options covered which in turn, may impact the quality of care. It is known
that Medicare does not cover services pertaining to visual, hearing or dental care as well as a few
prescription medications and memberships at the gym or fitness clubs (Durfey et al., 2018).
While these specialty services as well as primary disability services are covered by private
insurances like Medicare Advantage, there is a lack of uniformity of services and concerns
covered across the states. With this respect, the prevalence of a single insurance plan for all
primary care concerns not only ensures complete financial benefits of all essential healthcare
needs but also provides patients the opportunity to opt for private insurances for all specialty
services irrespective of any state based or healthcare based restrictions (Jung et al., 2018).
Additionally, it can be observed that current online as well as offline searches will yield a
range of insurance options which may be overwhelming or difficult to comprehend by culturally
diverse patients thus hindering access to healthcare. Not only will a single healthcare insurance
covering all primary care needs demonstrate greater convenience, it will also allow such patients

2HEALTHCARE INSURANCE COSTS
to better understand private insurance for only those healthcare needs which are absolutely
necessary (Durfey et al., 2018).
Conclusion
Thus, while the current healthcare system provides plenty of insurance options to
citizens, the same still demonstrates issues pertaining to disease coverage and healthcare access.
To conclude, the implementation of a cost effective plan for coverage of primary healthcare
options, may in turn, prove to be beneficial.

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References
Durfey, S. N., Kind, A. J., Gutman, R., Monteiro, K., Buckingham, W. R., DuGoff, E. H., &
Trivedi, A. N. (2018). Impact of risk adjustment for socioeconomic status on Medicare
Advantage plan quality rankings. Health Affairs, 37(7), 1065-1072.
Jung, D., Kind, A., Robert, S., Buckingham, W., & DuGoff, E. (2018). Linking Neighborhood
Context and Health in Community‐Dwelling Older Adults in the Medicare Advantage
Program. Journal of the American Geriatrics Society, 66(6), 1158-1164.