Impact of Profit Motive in Health Insurance and Its Ethical Implications

Abstract

Health insurance, a cornerstone of modern healthcare systems, plays a vital role in ensuring access to medical services. However, the presence of a profit motive within the health insurance industry raises significant ethical concerns. This paper delves into the influence of profit on health insurance practices, analysing its impact on patient care, affordability, and the overall healthcare landscape. This research paper delves into the complex interplay between profit motive in health insurance and its ethical implications. It examines how the profit-driven nature of the health insurance industry influences access to healthcare, quality of care, and patient outcomes. The paper also explores the ethical considerations surrounding the pursuit of profit in a sector that directly impacts people's health and well-being. In doing so, it highlights key issues such as profit maximization, cost containment, and the commodification of healthcare services. Through a detailed analysis of existing literature, case studies, and stakeholder perspectives, this paper seeks to deepen our understanding of the ethical dilemmas posed by the profit motive in health insurance and evaluate potential strategies for promoting ethical healthcare practices.