INSURANCE

Health insurance, like other forms of insurance, is a form of collectivism, which allows people to bring the risks, in this case the risk associated with medical expenses. The collective is usually publicly owned or otherwise organized non-profit members of the pool, although in some countries, health insurance pools can also manage non-profit organizations. It is sometimes used in the broadest sense of insurance covering disability or long-term care or custodial care needs. It can be administered through the government in general as part of social solidarity, which is typical of many industrialized countries, or in the form of government charity, as the U.S. Medicaid program. It can be purchased privately as a group (eg a study to cover its employees), or buy individual for himself or his family. In any case, groups or individuals to cover the payment fee or tax, which helps protect healthcare costs.

In estimating the overall risk of healthcare spending, a financing structure routine (such as a monthly premium or payroll) may be developed, ensuring that money is available to pay for medical care in the contract insurance. The benefit is administered by a central agency as a public, private or not-for-profit companies.