Jun 8, 2021

Health Insurance Coverage in 2020: A Emerge Crisis in Affordability



Health insurance covers the medical expenses of a person, which includes surgical treatment, prescription drugs, and sometimes dental expenses incurred by the insured. Almost every aspect of our life has been drastically affected amid the Covid-19 pandemic and the healthcare system lies within it. While the world we live in is still gradually adapting to the situation.

According to the latest World Health Organization (WHO) reports, almost 130 countries have opted for Universal Health Insurance (UHC), including 19 developing countries. Some of the major developed European countries such as Germany, Switzerland, France, Finland, Norway, Spain, Netherlands, Russia, etc. are part of UHC.

The pandemic in the year 2020 has massively upset the healthcare systems of even major developed countries of the world and of course, the poor and disorganized countries have been affected the most. For example, Peru was on the verge of getting rid of poverty but the coronavirus crisis has drowned them back into it.

During the pandemic, delivery of essential healthcare services has been unreachable in most parts of the world. Even well-developed countries have struggled during the pandemic to provide basic medical facilities, testing, medical commodities, and specialized equipment to the affected people. The situation is far worse in the countries striving for basic necessities despite having access to Universal Health Insurance.

The most important thing for the world to learn from this pandemic was the significance of healthcare insurance and access to effective healthcare systems.

Given the unfortunate disparity between rich and poor, developed and developing countries, millions of people faced disastrous healthcare expenditures during 2020. The catastrophic time has urged the world to accelerate efforts towards building a strong and robust health system that is accessible to every person regardless of their gender, state, economic ability, and other factors. Such health systems will prove out to be successful during pandemics. Though, some big countries like South Korea, Japan, and Singapore have outperformed during the Covid-19 epidemic. Effective policies along with universal health insurance, with a nominal fee, have tackled Covid-19 brilliantly and have responded successfully with top-class health services.

Some European giants such as Germany have been affected less than other countries. However, the insurance prices have surged in a bid to facilitate every insured person. As per the Federal Statistical Office, within the year 2020, private health insurance in Germany has become noticeably expensive. According to thelocal.de, in March of this year, payments for private health insurance were 5.3 percent higher than in March 2019. Primarily high-income earners, civil servants, international students, and self-employed people opt for private insurance in Germany. The effects of the coronavirus pandemic and the permanently low-interest-rate level have caused problems for private insurers.

Contrarily, in some countries, health insurance was able to cover the increased cost caused due to coronavirus surge. The perfect example stands for Switzerland where the healthcare associations confirmed that the insurance prices didn't rise due to the pandemic and people’s basic needs were covered within the cost of what they’re already paying.

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