Health Care Finance in the United States Essay Example | Topics and Well Written Essays - 750 words

Health Care Finance in the United States - Essay Example Some of the services offered are respite care, rehabilitation, and environmental modifications. For these services, Out of Pocket Payments are usually the largest sources of healthcare financing, paid directly by patients and are no reimbursable by an insurer or related third parties A new Gallup Daily evaluation reinforces the great level of inconsistency in health insurance coverage among U.S population segments. In general, health insurance coverage is lowest in U.S’ mid-twenties, a situation that is strongly associated with income, at a range from a low of 44% across 35-year olds earning below $25,000 per year to 100% amongst seniors above 60 earning the same amount per year. Of the total population interviewed by Gallup last year, an estimated 17% of the entire American population did not have a health insurance cover. As a reality with many features of American life today, the absence of health insurance is not randomly or equally distributed. There is a distinct income and age pattern when it comes to the population with health insurance. Among 18-year olds, 84% are insured. However, this relatively high coverage are presumably mirrors the fact that most of the youthful Americans are still covered by their parents’ insurance policies, though this changes immediately as they begin their twenties. Health insurance coverage comes to the lowest level of the total age range (66%) at the age of 22. Starting from this age, the percentage of the population insured begins to increase, albeit gradually, hitting the 95% level at the age of 65 when Medicare cover is formally available. The Patient Protection and Affordable Care Act is inclusive of considerable new requirements designed to increase the rates of health insurance coverage. It includes the compulsory expansion of Medicaid programs to cover persons in households with incomes less than 133% of the federal poverty level, a necessity