Insurance, health insurance to be more specific, has grown up to become an essential in human life. In fact, majority of the countries in the world are now offering 100% health insurance coverage from the government especially for workers. In that category alone, there are 20 countries where citizens can avail 100% health coverage from both the government and private health insurance providers with Australia leading the world in that specific category and Chile which ranks 34th and last with its citizens only availing 76% of the health coverage from the government and the private providers. Nowadays, there’s an alarming decrease in people purchasing health insurances due to various reasons whether it’s because they can no longer afford to pay the monthly dues or, they are no longer included in the beneficiaries like the one that is already bound to happen in the United States where the Trump Administration extreme insistence on replacing the Obamacare insurance program which have been put in place during the term of then US President Barack Obama. With the fiasco surrounding the Obamacare happening in the US Capitol, the government together with the private insurance companies must now find some alternative ways on how to sell insurance effectively.
Various initiatives are now being undertaken by the US government and some of the biggest names in the insurance industry in hopes to address the significant decrease in the market of insurance providers. In fact, the competition has already reached its lowest point in history, only being controlled by one specific insurer or in some cases in other countries, none at all. The only good news is that, the market is not yet in a complete freefalling situation and somehow, some of the insurance companies not just in the United States but also in other parts of the world, have managed to find new ways on how to sell insurance effectively during these trying times when everything else seems to be falling apart due to the political scenario that is hugely affecting both insurers and claimants. With the impending passage of the Affordable Care Act, the American people will now have enough number of insurers for their health insurance needs.