Insurance is a financial arrangement in which an individual or entity pays a premium to an insurance company in exchange for protection against certain risks or potential losses. This protection can cover various areas, such as health, property, liability, and life. When a covered event occurs—such as an accident, illness, or other unforeseen circumstances—the insurance company compensates the insured party according to the terms outlined in the insurance policy. The primary purpose of insurance is to provide financial security and mitigate the financial impact of unexpected events, allowing individuals and businesses to manage risks more effectively. Insurance operates on the principle of risk pooling, where the premiums collected from many policyholders are used to pay for the losses of a few, thereby spreading the risk among a large group.
Healthcare providers across the country are facing significant challenges within insurance networks, impacting the quality of care provided to patients. Diverse professionals like Marsinah Ramirez Buchan, Elizabeth Fisher, and Philip…