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Health Care Insurance Companies

In recent years, many European countries have passed laws requiring that all health care insurance companies offer a public option to their customers. Such laws allow patients to choose between a fee-for-service model and a managed care model. According to German law, health care insurance companies must either provide public access to medical care or risk having to shut down. These policies were intended to help control health spending in Europe, and it is believed that if these laws were implemented throughout the United States there would be a considerable reduction in health care spending. However, at least one prominent U.S. think tank believes that the costs of health care insurance would increase without these new laws.

Overview About Health Care Insurance Companies

Since health care coverage tends to be expensive, the advent of the European system has meant that more people can get health care insurance coverage. In countries such as Germany and the Netherlands, the systems are generally considered to be single-payer, while other health care insurance companies exist, such as those in the United Kingdom. However, the funds initially come from tax revenue, like all other single payer systems, and the funds are then disbursed among competing health care insurance companies who then directly provide health care to patients. In this manner, there is no “line item”, such as a cost control measure, as with traditional health care insurance coverage. Instead, there are just costs, such as doctor visits, laboratory tests, preventive health services, and health care equipment and supplies.

When health care insurance companies compete for customers, they will offer lower rates and greater coverage than competitors. For this reason, many uninsured people are turning to this type of coverage. If you want the best health care coverage at an affordable price, you should do your homework and compare various health care insurance companies. The Internet makes it easy to do the research necessary.