MHA 550 SLP Module 1 THE FINANCING OF HEALTH CARE IN THE UNITED STATES

Title Your Name Subject and Section Professor’s Name Date The Financing of Healthcare in California California's healthcare financing landscape is complex and dynamic, given its large resident population. California has continued to advocate for the provision of accessibility to healthcare through initiatives related to providing insurance coverage for its citizens (Ercia, 2021). As such, there is a need to look at the state's healthcare financing. The paper focuses on the status of California regarding financing in healthcare, as well as developments and challenges associated with assurance coverages. Key Insurance Finding in California In the latest coverage year, a significant number of Californians had access to healthcare services (Berchick et al., 2018; Ercia, 2021). The state has made considerable advancements in increasing coverage, partly due to the adoption of the Affordable Care Act (Ercia, 2021). A relatively high total coverage rate is observed under the combination of a public and private set of insurance policies. In addition, programs such as Covered California, the state's health insurance marketplace, helped to ensure access to affordable insurance options (Ercia, 2021; Rasmussen & Anderson, 2021; Teotia et al., 2023). With the marketplace, people and families can compare affordable and suitable health insurance policies for enrolling in multiple options to foster competition among insurers. Primary Payers and Coverage Percentage Here is the data regarding the primary payers and their coverage percentages: Medicaid It is one significant safety net for poor people and families. As of 2022, 26.8% of the population is covered by Medicaid. The coverage of the initiative has also been increased to cater to a larger section to enhance its effectiveness on the rates. Medicare It includes those whom Medicare covers. As of 2022, 12.0% of the population is covered by Medicare. However, it excludes senior citizens, who are also covered by their employers, and those who are dual-eligible (Kaiser Family Foundation, 2019). Employer-Sponsored Plans A significant number of the citizens in California are covered by health insurance through their jobs. They rely on employment benefits. As of 2022, 47.0% of the population is covered by their employers (Kaiser Family Foundation, 2019). Military It includes the members of the military or the v...