Discuss financing and reimbursement approaches in the US healthcare compared to single payer system. (CLO 1, 2, 3) (20 points)

In broad terms, in the US healthcare system financing includes the concepts of financing, insurance, and payment. Financing enables people to obtain health insurance, and the payment function determines reimbursement and undertakes the actual payment for services received by the insured. 

For this discussion, use the information in the textbook and in your learning resources to assess the effect of different financing and reimbursement methods and reflect on the following questions:

• How do      different types of insurance plan (public, private, HMO, etc.) determine      access to healthcare?
• Consider      how different reimbursement methods (fee-for-service, bundled payments,      capitation, etc.) may influence provisions of care offered by healthcare      providers and the goal of patient-centered care.
• Consider      how these different methods (different insurance plans/lack of insurance)      affects the consumer?

• Your      initial Discussion Board posts  should be at minimum 250      words.  You are expected to conduct independent research on the      subject and use two scholarly sources in addition to the textbook. Provide      in-text citations and list of references to support your post as required.