Diabetic Disease Process

Sample Solution

  Payer Types There are many different types of payers in the healthcare industry. Some of the most common types include:

• Private health insurance: This is insurance that is purchased by individuals or employers. Private health insurance can be either fee-for-service or managed care.
• Medicare: This is a federal health insurance program for people who are 65 years of age or older, people with disabilities, and people with end-stage renal disease. Medicare is a fee-for-service program.
• Medicaid: This is a joint federal-state health insurance program for low-income individuals and families. Medicaid is a managed care program.

Full Answer Section

  Cost of Coverage The cost of healthcare coverage varies depending on the type of payer, the plan, and the individual's or family's circumstances. For example, the cost of private health insurance can range from a few hundred dollars per month to several thousand dollars per month. The cost of Medicare is based on the individual's income. The cost of Medicaid is based on the individual's or family's income and assets. The cost of Tricare is based on the individual's or family's military status. Best Insurance Type The best insurance type for healthcare coverage of a hypothetical patient's disease type depends on the specific disease type and the individual's or family's circumstances. For example, if the patient has a chronic disease that requires ongoing treatment, then a managed care plan may be the best option. If the patient has a rare disease, then a private health insurance plan with a high-deductible may be the best option. Nursing Healthcare Profession The nursing healthcare profession is a broad field that encompasses a wide range of roles. Some of the most common nursing roles include registered nurses (RNs), licensed practical nurses (LPNs), and certified nursing assistants (CNAs). Cost of Education and Training The cost of education and training for a nursing healthcare professional varies depending on the role and the level of education. For example, the cost of becoming an RN can range from $20,000 to $60,000. The cost of becoming an LPN can range from $10,000 to $30,000. The cost of becoming a CNA can range from $500 to $1,000. Earnings The earnings of a nursing healthcare professional vary depending on the role, the level of experience, and the location. For example, the median annual salary for an RN is $75,330. The median annual salary for an LPN is $48,710. The median annual salary for a CNA is $29,740. Payment Nursing healthcare professionals are typically paid by a combination of salary, hourly wages, and tips. Some nursing healthcare professionals may also be paid on a commission basis. Conclusion The best insurance type for healthcare coverage of a hypothetical patient's disease type depends on the specific disease type and the individual's or family's circumstances. The cost of education and training for a nursing healthcare professional varies depending on the role and the level of education. The earnings of a nursing healthcare professional vary depending on the role, the level of experience, and the location. Nursing healthcare professionals are typically paid by a combination of salary, hourly wages, and tips.