Unformatted text preview: subsidizes this model of insurance since the premium payment is regarded as a non-taxable income to workers.Government financed insurance came to carter for the elderly and the poor. It is a state-federal corporation that pays for the medical services offered to low-income earners. Patients do carry the burden of paying for any costs. Out of the above four, the most effective model is the individual private insurance, the reason being despite its benefit to the insured during his or her time of need regardless of the cost. For example, its value can be seen when it helped out Bud Carpenter in paying the $80,000 bill for his child. He had been spending a monthly premium of $300, and at the time the child fell ill Bud could not afford the hospital bill. UNDERSTANDING HEALTH CARE 3 References Bodenheimer, T. S., & Grumbach, K. (2009). Understanding Health Policy (5th Edition) (5th ed.)....
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- Fall '13