Facts about health insurance

California is known for the varied climate and geography, as well as for the diverse ethnic population. In 2007, California’s population has reached 37,700,000, making the most populous state, 13-fastest growing in the U.S..

After the numbers in mind, it is clear why in the world of health insurance is so important. With growing hospital waiting lists and hygiene under scrutiny, health insurance is now vital and important for all people who leave the country. Personal income was $ 38,956 in 2006, ranked 11 in the United States. Great numbers, one might say, which means that California can afford to spend a few dollars on health insurance, for peace of mind.

In California, health insurance can be provided through social insurance programs are government sponsored, or from private insurance companies. In addition, health insurance can be purchased as a group (for example, by a company to cover employees) or purchased by individual consumers. In each case, groups or individuals covered pay premiums or taxes to help protect themselves from high medical costs or unexpected maintenance.

But how exactly does it work? Health insurance works by estimating the overall risk of healthcare expenses and developing a routine finance structure (such as a monthly premium or annual tax) that will ensure the money available to pay healthcare benefits specified in the insurance agreement.

The benefit is administered by a central organization, most often either a government or private agencies or not-for-profit entity operating a health plan. Things are great so far. But what if the sick person suddenly? Well, all calculated risks, operate with such large quantities of leaves almost no room for error. Basically, all insurance companies have the great advantage of this activity. Insurance companies use a “bad choice” to describe the tendency for only those who will benefit from insurance to buy it. Especially when talking about health insurance, healthy people are more likely to buy health insurance because they anticipate large medical bills. On the other hand, people who consider themselves to be healthy enough to decide that health insurance is an unnecessary burden, if they see the doctor once a year and costs $ 300, which is much better than making monthly insurance payments of $ 450. But this is also considered by insurance companies.

The U.S. health care system is market-based, so the California system, too, rely heavily on private and not-for-profit health insurance, which is the main source of coverage for most Americans. According to the U.S. Census Bureau, about 85% of Americans have health insurance, some 61% obtain it through an employer, while about 8% of purchase directly. Various government agencies provide coverage to about 27% of Americans, and this figure is similar to California as well.

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