There are medical expenses of the following types:
- state – expenditures from the state budget;
- private – expenses of individuals and legal entities buying insurance policies, as well as self-payment for medical services by the population. Some people even issue payday loans Waukegan to cover medical expenditures. You may ask why exactly this option is issued? The answer lies in the simplicity and loyal requirements. You may get more info if following the link.
The highest percentage of medical expenses in Illinois as the United States in general (about 40% of total expenses) are budget funds, despite the fact that private insurance is also very common in this country. Self-payment for medical services is not common in the United States.
How does USA finance medical budgeting?
Medicare covers the costs of treating patients over the age of 65, patients with disabilities and end-stage renal failure, in particular, the stay of such patients in the hospital, hospice care (in some cases at home), etc.
Medicaid covers the costs of diagnostics, treatment, care services for people with disabilities, physical therapy and dental care for low-income people, pregnant women, the disabled, the elderly, etc.
However, these programs do not include all medical services, so patients have to pay extra cash for some of them on their own.
Absolutely all medical services are free only for hospice patients and women who are being treated for cervical and breast cancer.
There are separate state health insurance programs for children, people with disabilities or chronic diseases, civil servants, the military and many other categories of citizens.
The disadvantage of the healthcare system in the United States is that low-income and unemployed people who cannot afford to pay for private insurance do not have the opportunity to receive medical care or receive it only in cheap public medical institutions.
Thanks to the adoption of the Affordable Care Act (Obamacare for short), which regulates private financing of medicine (which accounts for 18.2% of total expenditures), the health care and health insurance system has become more accessible to the population.
According to this law, in particular, a child can remain in parents’ insurance policies until the age of 26 (previously up to 18-21 years old), and insurance companies must spend up to 85% of contributions to pay for medical services.
Since when the law was adopted, it was planned to create networks of medical institutions, insurance companies can put a condition on the possibility of using the policy only in these networks.
The Affordable Care Act has caused a lot of controversy. Even today, some parliamentary fractions are in favor of repealing the law.
If a person cannot afford to pay for private insurance and does not fall into the category of those who are entitled to state insurance, then he pays for medical services on his own (11.1% of total expenses).