Healthcare System Financing Policy - Special Academic Support

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Systems for financing healthcare are critical towards attaining health coverage universally. As such, developments in the sector determine the existence of proper health services and their availability to each individual when required. Therefore, raising funds can finance healthcare while focusing on significant barriers reduction. These barriers can be eliminated by pooling funds and prepayment services to surpass out-of-pocket payments. The use or allocation of the funds should enhance equity and efficiency in the sector (Liaropoulos & Goranitis, 2015). The Patient Protection and Affordable Care Act serves as a comprehensive reform law that addresses preventive care, costs in health care and insurance coverage for individuals. The final amended version of the law stretches the Medicaid program to cater to the healthcare needs of low-income people. It also contains numerous protections and rights that make health coverage comprehendible and fair. The related subsidies include the reduction of cost-sharing and premium tax credits that make healthcare affordable.

The insurance programs pose varied benefits and weaknesses, which should be considered before implementation. The diverse system coverage allows for evaluations related to health care effectiveness. Today, the cover extends to low-income populations, thus boosting healthcare reachability in various countries. As such, a large number of individuals access health care within a short period. Other strengths include the unobtrusive aspect of healthcare data and the flexibility of the design to address possible risks and aid in the health decision-making process (Liaropoulos & Goranitis, 2015). The weakness of the program is its limitations in structure, which allows for fixed data collection. In the end, it causes bias in information coding and reporting. The Bible offers useful insights that can be used in deriving healthcare policies. Even though it does not talk about socialized healthcare directly, it encourages individuals to take care of their bodies (King James Bible, 2017, 1^st Corinthians 6:19-20). Therefore, people should practice preventive healthcare and plan to deal with illness and injuries before occurring.

References

Liaropoulos, L., & Goranitis, I. (2015). Health care financing and the sustainability of health systems. International Journal for Equity in Health, 14(1). Web.

King James Bible. (2017). Cambridge University Press. (Original work published 1769).

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