In dealing with health insurance reforms there are two major concepts that are mentioned often- universal coverage and single payer system. These two are closely related yet very different in its implications, effects and applicability. Ordinary people usually put their bet on these two during lobbying period for health reforms without knowing that they are pushing for two entirely different schemes. A universal insurance on health assures that every citizen who belongs to the leadership of that government is an insured individual. On the other hand, a single payer insurance scheme literally means that a single entity, which is most probably the government, is paying for the insurance of everyone or at least a specific group of people.
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Health insurance is very important in the current scenario. You and I could never say when we might lose our jobs or our livelihood. Such is the effect of the global meltdown.
Read MoreStatistics showed that 86.7 million Americans do not have health insurance from 2007-2008 according to a 2009 CNN report. Generally, healthcare in the US is expensive. That is why one of the woes of an average American citizen is whether to get a health insurance or not.
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