What are the main differences between social and private insurance? Discuss the pros and cons of...
What are the main differences between social and private insurance? Discuss the pros and cons of each. 150 words no duplicate answers
Homework Answers
Ans) Differences from private insurance
Private insurance programs are generally designed with greater
emphasis on equity between individual purchasers of coverage, and
social insurance programs generally place a greater emphasis on the
social adequacy of benefits for all participants.
- The public health care services are provided by the government free of cost, whereas, the private health care services are provided by the private owners with an intention to earn money.
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