The increased cost of health care has become a major concern around the globe. The policymakers, health administration and many citizens argue that the health care rates should be based on health of individuals. However, doing so would increase the burden on administration and government as they will have to do extra check before deciding the quote. This essay will discuss for sides of the arguments in details.
Firstly, it seems fair that the people who invest time, money and most importantly efforts, into living healthy lifestyle shouldn’t be bearing the extra cost of health care caused due to people who are lazy and irresponsible towards their own health. Irrespective of health care cost, eating healthy food and regular exercise is extremely important for everyone and nowadays this information is broadly publicized on social media and television. In spite of it, few people are ignorant and choose the junk food for shorter happiness. Nevertheless, they fall sick sooner or later and consumes the major finance of the health insurance companies thus eventually raising the premium for the healthy people. Therefore, up to an extent, I believe that the insurance premium should be decided based on individual’s health. As this will not only help the people trying to leave the healthy lifestyle but also will encourage other to have a healthy diet and regular workout.
Although customizing the rate seems to be amazing idea, practically it is cumbersome to implement. Major drawback is insurance companies and administration will have to do the pre-health check-up and ensure that multiple check-ups are done over the period of time to arrive at the quote. This entire process can be time consuming and add potential delay in the process. Furthermore, the insurance companies will have to make extra investment for doing this health check-ups for every customer.
To conclude, the idea of making the people with poor diet and unhealthy habits to pay more for health care, seems extremely lucrative for others who follow healthy lifestyle but in practice it is a tedious job for policymakers. Therefore, a tradeoff between fairness and efficiency should be maintained.
The increased cost of
health
care
has become a major concern around the globe. The policymakers,
health
administration and
many
citizens argue that the
health
care
rates should
be based
on
health
of individuals.
However
, doing
so
would increase the burden on administration and
government
as they will
have to
do extra
check
before
deciding the quote. This essay will discuss for sides of the arguments in
details
.
Firstly
, it seems
fair
that the
people
who invest time, money and most
importantly
efforts, into living
healthy
lifestyle shouldn’t be bearing the extra cost of
health
care
caused due to
people
who are lazy and irresponsible towards their
own
health
. Irrespective of
health
care
cost, eating
healthy
food and regular exercise is
extremely
important
for everyone and nowadays this information is
broadly
publicized on social media and television.
In spite of
it, few
people
are ignorant and choose the junk food for shorter happiness.
Nevertheless
, they fall sick sooner or later and consumes the major finance of the
health
insurance
companies
thus
eventually
raising the premium for the
healthy
people
.
Therefore
, up to an extent, I believe that the
insurance
premium should
be decided
based on individual’s
health
. As this will not
only
help
the
people
trying to
leave
the
healthy
lifestyle
but
also
will encourage other to have a
healthy
diet and regular workout.
Although customizing the rate seems to be amazing
idea
,
practically
it is cumbersome to implement. Major drawback is
insurance
companies
and administration will
have to
do the
pre-health
check
-up and ensure that multiple
check
-ups
are done
over the period of time to arrive at the quote. This entire process can be
time consuming
and
add
potential delay in the process.
Furthermore
, the
insurance
companies
will
have to
make
extra investment for doing this
health
check
-ups for every customer.
To conclude
, the
idea
of making the
people
with poor diet and unhealthy habits to pay more for
health
care
, seems
extremely
lucrative for others who follow
healthy
lifestyle
but
in practice it is a tedious job for policymakers.
Therefore
, a
tradeoff
between fairness and efficiency should
be maintained
.