The purpose of this paper is to review ways to reduce the cost of health care. This paper will…
For more than 30 years health-care costs have been growing 2% faster than the overall economy. The cause of the rising in costs is attributed to the use of new medical technology and the aging of the population…
The United States health care system is evolving. Many changes have been made since the writing of this book to transform it to a managed care system from being a system with an indemnity plan that based on the patients’ needs. The cultural beliefs and values are not the only factors that drove this change. However, the economic factors and the related health care expenditures required the United Sates government to take measurement to improve the health care outcome by increasing the access to health care services and make it affordable to more…
The national debate over health care reform in the US has been going on for decades. Although the debate continues, the landscape of health care in the US is certainly about to change as the Patient Protection and Affordable Care Act (H.R. 3590) was enacted on March 23, 2010. Many politicians, economists, health care providers and average citizens have weighed in on the topic with opinions as diverse as the country. The question is, will this reform be the cure for our ills or a bad pill to swallow? This paper serves as an examination of the economic and social impact of reform on the system of health care services and the delivery of same. In order to know where we are going, it is vital to know where we have been, therefore the background of national health care is reviewed and hypotheses about the impact it will have on the hospitals are made. In concluding the discussion of health care reforms’ impact on hospitals, it seems as though there will be both positive and negative implications and outcomes. It is the author’s contention that there will be a need to reestablish guidelines for service and delivery as well as cost containment of health care services. It is likely that the country will see a new model of health care.…
Our Healthcare system is clearly business based according to the article “Cost Conundrum” and on the movie “Escape Fire”. In the movie it had an impacting story of an older lady who had heart problems where she went to a doctor and they were going to charge her thousands of dollars were later she went to a different doctor and they charged her a couple hundred dollars for t he same procedure. I couldn’t believe that in a different office she would get the same procedure done for a lot cheaper than in the other doctor’s office. Also, it surprised me how the medical staff are giving all these medications to our soldiers were they are clearly abusing the medication and taking much more than they should. I was really happy to see that later the soldier who was overdosing on medications decided to stop and later tried a different form of medication of acupuncture. Although overdosing on medication is a problem in our country it is not the biggest one in our healthcare. Our healthcare system is the one that is collapsing. Our healthcare system is not like it was many years ago, our healthcare system is market based and doctors don’t focus on quality care on their patients and rather view them as dollar signs. In the article “Cost Conundrum” it states that McAllen is one of the most expensive healthcare markets in the country, many are unsure why it spends more per capita but it states that because the people there are obese and have cardiovascular diseases and fall under the poverty line. In the article it states “the way to practice medicine has changed completely before it was about how to do a good job, now it’s about how much will you benefit”. I clearly agree to this statement because I have gone through this experience with my father. He was diagnosed with diabetes at a late stage in which it caused a retina detachment on his left eye. When he was diagnosed I would…
The White House. (2013). The Economic Case for Health Care Reform. Where We Are Ad Where We Are Headed. Retrieved from http://www.whitehouse.gov/administration/eop/cea/TheEconomicCaseforHealthCareReform…
The quality and cost problems of the U.S. health care system are not going away. The…
The health care industry is a multi-million dollar industry. Health insurance, providers, technology management, and inpatient and outpatient procedures are among the many terms that we hear nowadays within this industry. The principal phrase that seems to be ringing in the ears of the government and policymakers are debt and cost-control. There are fundamental concepts that should be understood throughout the health care industry as it relates to finance. On one hand, many individuals have a general knowledge concerning health care organizations from the standpoint of insurance, copays, and deductibles. These constructs are more familiar to a person that has any health care needs due to the routine of having to provide some form of payment…
necessity of some services, control the cost of admission and the long stays in the…
health care system is dysfunctional and can no longer continue as it currently operates. With or without Affordable Care Act (ACA), there is a need for a deep change. The United States spends more money on health care because a nation is less healthy on the average than the rest of the developed world. The system is dysfunctional and ACA is fast-tracking the process of changes that will be faced by the economic and business challenges by health care organizations. The required adjustments to healthcare organizations operating budgets and methodologies for delivering medicine may become a big issue. Health care organizations will have to go from volume-based reimbursement in medicine based on the number of procedures done or patients seen to a value-based system that will give the same money for every patient regardless of the procedure performed. Health care organizations may have lower income since they will treat more patients. They may face cost-pressure factors such as the overall cost of medical care and the increased incidence of chronic disease, cost transparency and reference pricing, increased government role in paying for care, increased coverage and limited highly skilled medical workforce There is a prediction that forty million more people will be covered nationally, at reimbursement rates below the cost of providing that care (Adams et al.,…
Managed care is a type of system that was formed to help control the costs and quality to health care services; this will give access to services to specific groups of covered patients. The system was created to help the patients (customers) to receive services without having the full financial burden (University of Washington, 1998). The managed care services’ goal is to be able to help individuals and their families by providing health care services that is affordable. This type of managed care will help employees or individuals by requiring a set fee to be paid to the physician for visits, a co-pay and monthly premium to be paid to the insurance company. This will lower the amount that the patient has to pay. There have been many demands that have been needed in the managed care system; changes have had to be made to keep improving the health care services to help it to continue to grow. This paper will cover how the managed care began, in addition to how the system has grown and the changes of the system.…
The social-medical environment in the United States changed dramatically around the 1980s, this is when some threatening of autonomy and authority of physicians started. But federal government was still increasing the role in financing health care for the Medicare and Medicaid programs which were combined with a rapidly and escalating health care costs which caused the concern that was expressed by business, this caused the leads for a major federal policy shift.…
My family has an insurance plan that covers most of our health care costs. However, there are some things that insurance will not cover. These are things that my family has to pay for ourselves. These things include contacts for eyes, glasses repair, tooth paste, tooth brushes, floss, pills, medicine, tinctures, and blood tests. However, even though insurance doesn’t pay for our tooth paste, tooth brushes, and floss, we still get them for free, because my aunt is a dental hygienist. She gets free tooth brushes, tooth paste, and floss from the clinic she works in all the time. It is enough to provide for her entire family, even the extended family. It is also enough to provide for hundreds of people in poverty in other countries, that is why I take hundreds of toothbrushes, tooth pastes, and floss with my every summer when I go on a missions trip to a foreign country, and it’s free!…
Private medical insurance is valuable to have, but can come with many disadvantages for the consumer. The article “the U.S. Healthcare system” focused on the faults of the United States healthcare system when compared to other countries with Universal healthcare. America has the most expensive healthcare system in the world. One reason for the rising cost of healthcare in America is that an estimated “19.3 to 24.1 % of the money is spent on administration cost. Obama wants to make sure that America is not being taken advantage of by insurance and prescription drug companies. Some insurance companies are overcharging doctors for their malpractice insurance, which is causing patients to have to pay more in order to be seen by a doctor.…
The structure of the U.S heath care system is certainly a topic greatly debated. Whether it is discussing the cost of health care, poor outcomes, shortages in health care workers, underutilization of other health care workers, the lack of access to care, or growing demand by consumers for health care that offers choice, quality, convenience, affordability and personalized care. It is not a secret that the United States spends more money than any other nation on health care, but only ranks 34th in the world in life expectancy and has higher mortality rates in infants than any other nation that is developed.…