Final answer:
Canadian provincial and territorial health insurance plans provide comprehensive healthcare coverage to all eligible residents, covering most costs and allowing for optional insurance systems. They aim to offer accessible and portable services across provinces, which are publicly funded but delivered by private providers.
Step-by-step explanation:
Provincial and territorial health insurance plans in Canada are designed to ensure that all eligible residents have access to healthcare. These plans are publicly funded, with the government covering a large portion of healthcare costs, and are administered by the respective provincial and territorial governments. Health insurance is provided for various segments of the population, including those over age 65, military veterans, and children from low-income families.
Under these plans, residents may receive coverage for services such as hospital stays, physician services, medical tests, and outpatient visits. While most costs are covered by the government, some programs like Part B require participants to pay a monthly fee, deductible charges, and copayments. Additionally, there are various other healthcare programs and insurance options such as the Veterans Health Administration and direct-purchase private insurance.
Ultimately, Canada's goal with its universal healthcare system is to provide comprehensive, accessible, and portable health coverage across provinces, distinguishing it from socialized medicine systems where the government owns healthcare providers.