Essay On Why Health Insurance Is Important

The initial idea of medical insurance should have been a good idea as a way of helping Americans afford medical bills in a case of emergency or just routine physicals and check-ups. A lot of lower class Americans could not afford the treatment and would therefore go without medical attention in both of these cases. In cases of emergency, they would usually be put in to collection because they could not pay the bills after the treatment. The government decided to set a plan to have humans insured, just like automobiles, to supposedly make medical treatment available to all people – high, middle, or low class.

This should have been a good idea… however, I believe that it has only made things less affordable. By making this plan for insurance on human health, the insurance agencies are making trillions upon trillions of dollars on people who would usually skip going to the doctor for a common cold. Initially, the insurance policies were made to help in emergency situations for people who had a broken a leg, or had to have major surgery and could not afford the price of high-technology treatment. The insurance would have made the customer pay about fifty dollars a month out of they’re hard-earned money whether

they were going to use it or not, for medical treatment. Still, the insurance did not cover all of the expenses even though the customer is shelling out thousands of dollars, sometimes for nothing. It is just another way for a large insurance business to make people believe that they need to insure their own health, like they were a possession or an item. Now people are paying for insurance that they seldom use, but feel better because the business has made them believe that they cannot and will not live without medical insurance. Another bad result of medical insurance is that it has turned the entire field of

medicine in to a financial playground of human life. Doctors are supposed to treat all patients equally, as opposed to treating only those with insurance first, no matter what the circumstance. People who cannot afford health insurance or are not offered the option by their jobs are usually facing the problems of the prices that are now raised as a result of the entire insurance idea. Not only is health insurance making the doctors care less about their patients, it is also raising the prices higher on already outrageous medical bills.

In conclusion, I believe that the medical insurance idea is argumentive, because there are a lot of repercussions that people may or may not have thought about. The insurance companies are benifiting immensely, but are we? The prices of medical treatments are rising, the doctor’s attention to actual patients as opposed to who has insurance is diminishing, and less people are benefiting from health insurance. I do not think that medical insurance should have been proposed in the first place. I do admit that it should have been a benifit to Americans, but I have yet to see everyone benifit as innitialy planned.





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Health is the basic right of every human being. Everything must be done to ensure that everyone, irrespective of their social standing or economic status, can avail of it.

Health is the basic right of every human being. Everything must be done to ensure that everyone, irrespective of their social standing or economic status, can avail of it.

With India’s burgeoning population it is becoming increasingly difficult for the government to provide public health care. More than 75% of the population avails medical care from the private sector.

However with the increasing costs of medical care it has become necessary for citizens from all strata of society to avail of medical or health insurance.

All of us abhor insuran

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ce agents and insurance is not a word we are willing to discuss. Although we would like to think that nothing is ever going to happen to us, the truth is, we are just as likely as the next person to be involved in a vehicle accident or have some health problem that might need medical intervention. And when this happens each of us is going to need insurance.

Everybody needs insurance to ensure that they don’t end spending their hard earned money on treatment of illness which can take a toll on their savings.

A medical insurance policy is an agreement between an insurance company and an individual which is renewable annually. The premium amount is directly proportional to the insurance amount the client would like to be insured for.

Insurance protects you against an unfortunate incident, such as a car accident, or a major illness which might require you to be hospitalized for several months and in some cases require you to be operated on. Both the cost of surgery and hospitalization are very expensive and more often than not more taxing than the illness itself.

A certain untoward accident or a sudden illness could eat all your savings and force you into losing everything you have. What people find most difficult to digest about insurance is that they have to pay the premium every year in the uneventful years as well, when they are hale and hearty. It seems like a criminal waste of money especially when you can think of a dozen other uses for it. However insurance is not the rip off it appears to be.

Generally for an insurance cover of five lakhs one has to a pay a premium around five to six thousand. Imagine you have paid this premium for ten years and then in the eleventh year, something untoward happens. Despite having paid only fifty to sixty thousand in all you will be eligible to avail of services worth five lakhs. With inflation at an all time high the prices of medical services have also escalated and these will continue to rise.

However by availing of medical insurance one can ensure a carefree life by paying a small premium amount annually.

There are many private and government medical insurance companies in India offering a range of advantages. Some cover even critical illnesses like cancer and offer a separate double sum insured incase of diagnosis of specified critical illnesses.

Most insurance companies offer 24 hours cashless facility at a lot of hospitals. Income Tax benefits under section 80 D can be availed on taking medical insurance. Family floater benefit gives you the benefit of covering a family of four for a certain premium amount against each sum insured, but in case of illness of one then the total of the sum assured of each can be utilized.

Some offer pre and post hospitalisation costs. Others even offer daily nursing allowance. So when one is picking medical insurance one needs to check for the maximum facilities offered by the company and also the record of the company and its credibility. The important thing is that one must invest in health insurance because there can be nothing more important than the heath and financial security of our loved ones.

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