University of Phoenix Financing Medical Care Research Paper

User Generated

YnOryynZr

Health Medical

University of Phoenix

Description

Within the Discussion Board area, write 400–600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions by your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Funding Options

People experience various conditions in their lifetimes. Likewise, people have varying options to pay for the treatment of such conditions.

Examine the lists of funding options and conditions included below. In your opinion, select a funding option for each condition, and explain how it would cover the losses.

  • Funding Options:
    • Personal savings
    • Charity care
    • Contributions from friends or family
    • Private insurance
    • Social insurance
  • Conditions:
    • Seasonal sniffles
    • Congenital birth defect
    • Paranoia
    • Alzheimers disease
    • Post-traumatic jaw reconstruction
    • Cigarette-induced chronic pulmonary obstruction

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Explanation & Answer

Attached.

Running Head: FINANCING MEDICAL CARE

Financing Medical Care
Name
Institution
Date

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FINANCING MEDICAL CARE

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Financing Medical Care

Financing healthcare has evolved over the years, especially in most industrialized
countries. One of the modes of financing healthcare has been through personal savings. This
is where the individual uses out of pocket payments that they had saved for medical care.
Sometimes, such payments may come from a specific account that the patient had set aside
for medical needs while other times, it comes from their emergency kits. From a personal
perspective, seasonal sniffles can be covered by personal savings. This is because they are
...

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