In a rather technical approach, the insurance policy term is used for purposes of describing various forms of which there is provision of protection against the medical services costs. Such usage includes personal insurance policy as well as social insurance policy applications like Medicare. These are pools resources that spread the financial risks linked to major medical expenses across the population with a goal of protecting everyone. This also caters for social welfare applications like Medicaid coupled with the Wellness Insurance Program by the State Children providing due assistance to various individuals who are not able to afford protection against health ...
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