IN 1 PARAGRAPH PLEASE BUILD ON STUDENT RESPONSE. PLEASE INCLUDE REFERENCE

Hello Professor and classmates,

A comparison with healthcare quality for public and private financing models both trying to give coverage for healthcare services. Public and private both have specifics of coverage that may vary between public and private systems; However, the overall goal is to ensure that individuals have access to necessary healthcare services.

A main contrast between public and private healthcare financing models is the funding sources I believe. Private financing is funded mainly through premiums paid by individuals, employers, or other private entities. These premiums contribute to a pool of funds used to cover healthcare expenses for the insured population. Public financing is funded through the government, which may include taxes, social insurance contributions, or other government sources. The government collects funds from the entire population and uses them to provide healthcare services to eligible individuals.