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Module IV-V Class response

Module IV-V Class response - Lavallee 1 Jenna Lavallee PH...

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Lavallee 1 Jenna Lavallee PH 129= Health Care for All TA= Jess Vickery 2 November 2010 Module IV/V Class Response Paper 3. The first model of health insurance is the Traditional Model. Its general concept is that people will pay for the relatively inexpensive services (price elastic goods), while the insurance company will reimburse people for the more expensive services (price inelastic goods). This philosophy therefore has insurance companies covering hospital bills (up to a certain amount), physician services related to a hospital stay, drugs and supplies related to a hospital stay, and some physician services related to outpatient services. The insurance company will usually pay for 80% of expensive care. There are a few disadvantages to this model, however. According to the Traditional Model, one’s insurance company does not cover certain expenses, meaning that the individual has to pay out of pocket to cover them. Many people cannot continuously pay out of pocket for these expenses; it can add up and become very expensive.
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