Health Insurance Programs
The Centers for Medicare and Medicaid Services (CMS) has established and implemented several health insurance programs across the United States of America (US), with the CHIP – Children’s Health Insurance Program being one of the most successful.
It offers health insurance for eligible children with the help of Medicaid and independent CHIP programs. It has had a huge impact: as of 2014, the program covered health care expenditures for approximately 43 million children in the United States.
To put this in perspective, that equates to half of all low-income children in the United States. This tool is very useful and important for professional health insurance experts, as one of their primary responsibilities is to investigate and verify insurance applicants’ claims of eligibility.
Healthcare insurance professionals play a critical part in making this program a success by ensuring that qualified youngsters receive their appropriate healthcare benefits without difficulty.
Health Insurance Programs in the US
A single-payer system with universal health insurance is an appropriate strategy for the United States. Using this approach may have various benefits, including assisting employees in avoiding job lock and lowering total healthcare expenditures in terms of administrative fees, medications, and medical procedures.
It would also help to level the playing field for businesses involved in healthcare expenses by preventing firms that provide health insurance from being penalized, eliminating unfairness in healthcare costs carried by small businesses, and lowering the total healthcare costs borne by enterprises.