References
J. Derr, Financing Health Care for an Aging Population, The Commonwealth
References: J. Derr, Financing Health Care for an Aging Population, The Commonwealth Fund, December 2005
References: Cleverly, W. O., Song, P. H., & Cleverly, J. O. (2011). Essentials of health care finance (7th ed.). Sudbury, MA: Jones and Bartlett Learning.…
This article is peer-reviewed and was retrieved from the University of Phoenix Library, it explains that funding for long-term care can leave the patient at risk for financial hardships, and inadequate health care coverage. The article outlines how long-term health care is financed and the policies that are tied to that funding. It relays the…
The article entitled, “When Healthcare Falls Short” is a brief piece covering a now growing issue covering the topic of Healthcare, particularly with the elderly. As more and more baby boomers reach the age of 65 and become eligible for retirement, more stress is put onto our current Medicare healthcare plan. With a rise in patients who are eligible and in need of Medicare, there seems to be no rise in the amount of funding or coverage that Medicare is able to offer. As a result, not only do the patients needs risk not being met, but they risk not being seen at all. The author, Jane Gross, offers to shed some light on these issues after having interviewed with…
Many seniors rely on their provider to on top of their health for them since many of them have a hard time keeping track of their conditions, treatments, and medications on their own. It seams to me that Pay-For-Service systems are a start in the right direction but it is more likely that a system that has both elements of Fee-For-Service and Pay-For-Performance would be a good balance. Both incentive systems have their flaws and bring up concerns, but the two together with some tweaking there and there might be a better solution. Unfortunately there will never be a perfect health care system it is just to complex to be able to work out every solution to every possible issue. Even though there will never be a perfect solution to our health care system I believe we could come close some day. We need to look at what has worked and what has not worked and build off that keeping the politics out of it and focus on what is best for the patients and the providers, not the insurance companies or the government. Referneces Baker, G. (2003). Pay for Performance Incentive Programs in Healthcare.Market Dynamics and Business Process,(), 3. Blum, E. (2006,November). Is pay-for-performance a viable way to improve patient care and safety.American…
Substandard quality of health care is duly recognized as a major form of medical crises with potential to jeopardize the functioning and purpose of the American health care system. Whereas on the one hand medical costs of treatment are rising, on the other malpractices and non compliance on the part of medical professionals and institutions compounds the problem and seriously questions the quality of health care being provided to citizens. However, before proceeding further it is important to understand what is exactly meant by the substandard quality of care. The substandard quality of care implies that one or more of the requirements mandatory under the federal regulations 42 CFR 483 .13 involving resident behavior and facility practices, 42CFR .15 involving quality of life or 42CFR 483 .25 regarding quality of care are not complied with leading to actual jeopardy to the resident health or safety or having potential for causing more than minimal harm (HealthCare information, 2007). Any nursing home found with delivering substandard quality of healthcare or carrying significant deficiencies in its healthcare treatment plans would be required to immediately address the issue.…
If we also look at another issue as to why long-term care could be a large burden is the rapid inflation in expenditures for long-term care in recent years. Medicare and Medicaid expenditures on nursing home care were $9 billion in 1980, more than doubling to $25 billion by 1990, and doubling again to $54 billion by 1999. Likewise, Medicare and Medicaid expenditures on home health care increased from less than $1 billion in 1980 to $5 billion in 1990 and to $16.1 billion in 1999, down from a high of $17 billion in 1996 (Health Care Financing Administration 2000; Heffler et al. 2001). With this we can also see that out of pocket…
The greatest challenge facing long-term care in health care is caring for the large number of elderly as the Baby Boomer generation ages. The economic burden placed on those in need of long-term care will be overwhelming. According to “Knickman & Snell” (2002), “the real challenges of caring for the elderly in 2030 will involve: (1) making sure society develops payment and insurance systems for long-term care that works better than the existing ones, (2) taking advantage of advances in medicine and behavioral health to keep the elderly as healthy and active as possible, (3) changing the way society organizes community services so that care is more accessible, and (4) altering the cultural view of aging to make sure all ages are integrated into the fabric of community life”.…
With an aging population comes chronic conditions that require efficiently coordinated care. About 10 million Americans require long term care, 42% of which are under 65 with disabilities or chronic illness (Rowland, 2009). It is also not uncommon for chronic patients to receive duplicate testing, conflicting treatment advice, and expensive prescriptions from multiple practitioners. The Medicare system was a fee-for service payment plan, until a prospective payment was introduced. A contributing factor to the problem has been the trending of hospitals and insurers to better cover acute episodes rather than preventative or ongoing care. For example, the average length of stay is down from less than 8 days in the 1970s to 4.6 days in late 2000’s. In a similar trend, gross outpatient revenues as a percentage of all hospital revenues was 37% in the mid-2000’s as compared to 16% in the 1980’s (HPAM-GP 1830, 2012).…
Another benefit of enacting a national healthcare insurance program for elderly people, is that they will be able to receive medical care, medical supplies, and medications needed through a Medicare or Medicare program. When I interviewed my client Mrs. Landon, I asked her, “If enacting a national healthcare insurance program would reduce your out-of-pock expenses for medical supplies and medications monthly?” She responded, “Yes, because I spend over a thousand dollars a month just in my diabeties…
The influx of people needing long-term services, the quality, and the availability of those services will become very strained. Without an appropriate reform, there is the possibility of resorting back to economic separation of persons-low and middle income fighting for placement in facilities and the monetarily fit being able to afford community care. Economic struggles can cause staffing challenges and closure of long-term care facilities, lessening bed space for Medicaid receivers. Learning from the past cyclic events can lead to a better future for these next seniors entering care if policymakers can reduce the economic challenges to them, as well the struggles of…
Long-Term Health Care is one of the biggest challenges the United States faces today because of the expense it requires to take care of people who are in need of this type of care. According to the U.S. Department of Health and Human Services the amount of people who need long-term care is on the rise. In 1982 the amount of people who required this care was 29.2 million people. It is estimated by the year 2020 the amount of people will be 52.1 million people. Applebaum and Kunkel (1991)…
There are more than 64 million Americans over the age of 65 years old and 7.5 million Americans over the age of 85 years old (Mason et al., 2012). Seniors will have to manage their health and chronic conditions in order to continue a more independent lifestyle. Home care providers are all experienced in managing chronically ill patients and the passing of the new legislation will benefit patients immensely in our rapidly aging population. As every American senior has the entitlement to obtain quality health care. “ Allowing APRNs to sign initial home care orders this will critically mitigate staffing shortages by increasing capacity to manage the chronically ill patients at home with more sophisticated clinical and technological interventions”(Mason et al., p.…
However, there are numerous debates for and against the new changes to the healthcare industry. To be honest, I am unsure about where I tend to stand regarding the new healthcare industry changes. As a result, it seems that the healthcare costs are still going to be expensive for majority of Americans and it could be years before we determine if the changes implemented are effective. Consequently, the focus of the changes on preventive care, chronic disease management, quality of care, and reducing costs there has been a reduction in specialty care for individuals with chronic diseases and elderly patients with several comorbidities (Kuramoto, 2014). Therefore, future challenges can occur if there is no focus on specialty care due to the growing population of the elderly and/or high-risk patient profiles (Kuramoto, 2014). Overall, if some focus is set on specialty care for the high costs expenditures then clinical and costs outcomes can improve (Kuramoto, 2014). Furthermore, with focus on specialty care as well as preventive measures then the amount of hospital admissions will decrease, the readmission rate will lower, and it will lower unnecessary treatment protocols from primary care providers (Kuramoto, 2014). In addition, if Medicare, Medicaid, and other health insurance companies decide to lower the reimbursement rates too low then a…
As more and more people in the United States of America live with chronic medical condition, and as the median age continue to age, long-term care providers are facing so many challenges and they will continue to do so. Quality of care has been a challenge, and will continue to be a challenge. Quality of care refers to the technical competency of medical and quasi-medical services (CITATION). Quality of care in nursing homes, even with all the substantial regulatory oversight, still remained problematic. There are however steps that can be taken to improve and promote quality of care in nursing homes and assisted living facilities.…
The most important population trend is aging. This is a disaster in the healthcare system. More and more people are getting older and are need of healthcare. Aging is not only important but it has a major impact on the organization and delivery in healthcare. One particular importance that will affect the financing and delivery is the shift from acute to chronic illnesses. Rather than acute illnesses, the focus will be on diseases such as Alzheimer’s disease, heart disease, and osteoporosis (William & Torren, 2008). First, there will have to be a plan to change the style of treatment to an ongoing process. Second, there will have to be a financial plan set in place for disabilities, like long-term facilities such as nursing homes, home health,…