HIMT 2308 (ch3)

What is health insurance considered when provided by a government program?

Public health insurance.

What are private forms of health insurance?

Insurance purchased from a private health insurance company and employer-provided insurance.

Why is measuring healthcare finance through out-of-pocket payment important?

It addresses the rationale for obtaining health insurance to reduce financial burdens associated with healthcare costs.

How is health capital viewed in the context of health insurance?

Health capital is viewed as a valuable asset that health insurance covers based on an individual’s health state.

What is the difference between experience rating and community rating in health insurance?

Experience rating assesses the individual's medical history while community rating charges based on the prevailing cost of care.

What does the Affordable Care Act (ACA) exemplify?

The study and application of health insurance policy.

What are the principles of insurance discussed in the lecture?

Uberrimae fidei, indemnity, subrogation, contribution, insurable interest, and proximate cause.

What is the role of health insurance in managing risks?

It acts as a financing mechanism for risky future healthcare costs.

What is the significance of cooperative societies in the history of health insurance?

They provided insurance outside the formal sector and developed strict rules to handle informational asymmetries.

How do health services researchers contribute to healthcare financing mechanisms?

By examining effectiveness of alternatives to health insurance like precautionary savings, prevention, and mitigation.