Obama Care Insurance Plans – Insurance Cost, Risk Requirement
On this article we will be looking at the Obamacare health insurance scheme, using it as some sort of case study for our main purpose for this post which centers on the risk and investment in the financial market.
Risk as a term is one word that may be technical in defining or providing adequate explanation to, the truth of the matter is that risk as it where exist in all our day to day activities.
In fact, one cannot say he or she has the technique in avoiding all the risks. This explains why the character Anthonio in the play Merchant of Venice said when asked why he is not happy, he said he cannot be happy reason that his future is not secured. This is because he is an importer and exporter of goods, a proficient business man.
The above illustration of mans uncertainty to future occurrences is the reason insurance schemes are very necessary to man, now one of the major need of man is staying healthy, and trust me the Obama Care Insurance (OCI) provides the needed cover, unlike what we have in the financial market, the Obamacare health insurance scheme was designed to be cover for health challenges at a lower health care cost.
Let’s look away from the hassles and focus on the fact that the Obama care insurance plans has its own many benefits, the thing is that a lot of people (Americans) have little or no knowledge of this low health care cost. One may what to fault the knowledge system as to why people have little knowledge of the Obama care insurance.
Insurance policies are always on the expensive side, hence, the reasonable truth about the Obama care insurance on health has been for the purpose of affordable health care cost which will cover a period of time. The fact is that no one care about Medicaid/medicare anymore or even employee health benefits which is said to be gulping huge chunk of the budget.
Some of the Benefits Obama Care Insurance plans Ensures
The Obama Care Insurance plans provides assistance on issues like providing subsidies so as to make these health insurance scheme affordable for the average citizens, the scheme ensures a preventive measures also as well as improving the delivery of health care to the masses. Although it has been argued that Trumpcare may change some of the features of the Obama care insurance health scheme.
Life outside insurance cover can be very expensive, a thorough research on the Obama care insurance health scheme proves that a lot of health uncertainties were averted, imagine the scenario of carelessness in the financial market, billions will be lost and a whole number of people will go bankrupt.
A renowned German philosopher once opined that living is a risk on its own, he continued by saying “Interacting with your fellow human being is also risky, also being rich or poor is a risk, looking is a risk, have a vehicle is also a risk, because people will believe you have money in excess.
One cannot automatically wish risk away, when one decide not to take a ride in a car because of accident, the person isn’t that safe while walking on the road, a lot of people end up in courts because of interactions with others while a lot died as a result of poor health care delivery.
In Investment, it is always assumed that the higher the risk, the higher the profit, with everything being equal. This is not an established principle, but it has always seemed so due to the risk people engage in on the daily.
As a risk prefer, most people (business men) like to invest without putting into consideration the risk which may be involved. They don’t make provisions for such risk, that is why whenever there is any loss, the impact is higher on these sort of business men.
The truth is that, in the financial world, while transacting your businesses, there some risk we retain because they are very small, and we can easily settle the loss. However, there are some risk we must insure or transfer to a greater party who has the experience in handling such risk, these other parties are the insurance company because they deal with the law at the larger scale.
While some are considered to be risk avert, they stay away from any form of risk, they insure every little risk they feel the business is faced with, this is so because they don’t want to be blamed for any failure, we can actually referred to this type of business men as the real ones.
With all the health risk which requires the health insurance scheme and the financial risk as well as other risk, it is important to note that there is nothing that we engage in that is without risk, hence, the general conclusion is that man was made to bear risk and that man is a bundle of risk.
Meaning Of Risk
Risk has very many way of defining, mostly as regards to investment, risk can be defined as the following
- Chances of financial loss
- Chances of loss
- Chances of miscalculation
- Uncertainty of events
Risk however, has no definite definition because of the various views different expert may have concerning the subject and also because of the wider view of the subject.