Many health insurance companies today categorize their services
according to the reciprocal risk being incurred by the applicant. If the applicant has high risk in terms to
his/her health the insurance company will calculate right away as to what
segment of insurance payer you belong.
This goes to show that insurance companies are always getting their
profit from the limited health risk of an applicant.
If you will apply for an insurance account
the company will give you the application form that will ask you regarding your
present and past health status.
But with the new technology via smartphones and smart
watches, real time health status of a person can be monitored by the insurance company
through their account application. But
in my personal opinion what is the use of applying an insurance account when
you can hardly use them for your health check-ups.
The debate in US congress regarding “Obamacare”
is still in a great controversy on how to give a full quality insurance service
to the people of America. If you have enough financial resources do you think
you still need insurance services?
The origin of insurance concept why people in general cannot
make their mind at peace without their insurance cards; referring from history The
Babylonians developed an insurance system which was recorded in the famous Code
of Hammurabi, c. 1750 BC, and practiced by early Mediterranean sailing
merchants. Later, Achaemenian Monarchy in Persia the kingdom introduce the transferring
of health financial risk by creating a system which will make the people at
peace in terms of their healthcare expenses in times that they don’t expect. Until this time the concepts and benefits of
insurance system is still in the minds of the young general public.
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