What Types of Insurance Mechanisms Are Commonly Used?
Several types of insurance mechanisms are commonly used in epidemiology:
1. Health Insurance: Provides coverage for routine medical care and treatment of illnesses. It can be public (e.g., Medicare, Medicaid) or private. 2. Reinsurance: A form of insurance purchased by insurance companies to mitigate their own risk exposure, ensuring they can cover large or unexpected claims. 3. Catastrophic Insurance: Offers protection against rare but high-cost health events, such as pandemics or natural disasters that lead to widespread disease.
