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Many people will shrink in discomfort in the name of death. Although it is nothing but a stage in the cycle of the life, but most of the people regard it as an end and devote their whole life is search of a wonder which will sustain their lives for many years more after their health is deteriorated. Besides eating a balanced diet and doing exercise regularly, the best means to avert an early death is to take recourse to the preventive measures. One of them is to fix the problem of over burden on both body and mind. According to healthcare strategy of the Federal Governments, healthcare reform cannot wait. Due to rising cost of healthcare, many families are facing a tough time. They are left with two options - either afford the food or afford the medical expenditure. Maintaining both is being very difficult. That is why the demand of low cost health insurance is being increased. According to a 2007 study, the American families on an average spent $7,421 per family member for medical expenditure which is more than that of food or housing--nearly double the expenditure of most other developed nations. If healthcare costs persist to increase, the Congressional Budget Office forecasts that one in every four dollars will be linked to the healthcare system by the year 2025. Amidst supposition and speculation, most of the people never pay heed to the truth—a truth which many of us do not like to admit. Instead of striving together to solve a worn out healthcare system, some politicians are trying to collapse the entire mechanism based on one corner of the reforms of healthcare system—the public health or public option. Now we shall discuss about the ‘public option’. At the beginning, let us deal with what it is not. The public option is not meant for those who, already, are bearing the cost of taking insurance, or are offered affordable health insurance by an employer. Healthcare reformation, with an added importance on the public option, includes the formation of a healthcare on the exchange. The health exchange, of course, is nothing but a one-stop healthcare solution intended to decrease the cost of health insurance by forming a set of guidelines which insurance providers are bound to obey. The chief points summarized by President Obama are mentioned in the following: • There would be a control on out of pocket expenditure. • There must not be any discrimination based on gender, health, or employment. • Policy renewal is guaranteed. • No one will be denied insurance coverage based on a pre-existing condition. • One can definitely compare the services of various companies and then come to a conclusion according to the requirement. Of course, people should understand that the health exchange is not considered the public option. The public option is merely a part of the way out to healthcare development. This option is a new player presented to the market. Of course, this will only work smoothly if every one of our society cooperates with the system. The author is a health consultant associated with the Name My Premium. To know about healthcare on the exchange and affordable health insurance, please visit www.namemypremium.com.
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