Executive Summary As a Fortune 150 company with a 45-year history in the health industry and more than eleven million members under its wings‚ Humana has become one of the largest health benefit company in the U.S. With its slogan‚ “Guidance when you need it most”‚ Humana has gain their success through their diverse business units‚ outstanding wellness program and reliable customer service. The company is basically operates through two business division: government and commercial. The government
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President Obama’s Health Care Plan 1 PRESIDENT OBAMA’S HEALTH CARE PLAN President Obama’s Health Care Plan 2 Abstract In this paper I will be doing an analysis on President Obama’s Health Care Plan. I will discuss some of the major issues‚ the costs‚ and how the plan will be funded. I will also be listing some of the major pros and cons that are relate to the plan‚ involving the quality of care‚ access to care and how the costs will affect everyone involved. Other
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Do We Need National Health Insurance? For some time now‚ Americans have been wanting to switch to a universal health care system. A healthcare system where all Americans will have access to the proper health care that is affordable and fits their needs. Some solutions that can be implemented are replacing for-profit insurance companies‚ reforming the health care system‚ and hiring insurance companies that have slow cost growths. These are excellent solutions because there are a substantial number
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many pros and cons involved in the Health Insurance Portability and Accountability Act (HIPAA) of 1996. The first positive is privacy; this act limits a health care provider or insurer to only disclose the minimum necessary information to complete a transaction or medical request. In turn the negative directly affected by this new privacy law is the expense‚ from legal advice to decipher the confusing terminology of the bill to software compatible with HIPAA. Another con is that now health care providers
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Situation In order reduce healthcare costs; a Fortune 500 company opted to implement a self insured health program. This program is basically a high deductible insurance ($50‚000 to $75‚000) program which the company would pay the deductible‚ before transferring responsibility to a 3rd party insurer. The company contracted with Aetna for this program. Subsequent to this contract‚ a Sr. Vice President of Aetna was appointed to the board of directors of the Fortune 500 company. He was also appointed to
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The Health Insurance Portability And Accountability Act which means HIPAA for was passed in 1966. It has two parts: Title 1 and Title II. Title 1 offer insurance coverage for people who change careers or lose their jobs. Title II sets the security and privacy standards for how doctors‚ hospitals‚ health insurance companies‚ and employers who handle sensitive health information. The pros of the Health Insurance Portability and Accountability Act is that it has a broader awareness on the importance
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Affordable Health Care Act was a health insurance plan that was signed into law in 2010 and passed by Congress. The Affordable Health Care Act was intended for people that has no insurance and paying for doctor and hospital visits out of their own pockets. There is nothing wrong with this plan‚ but if you don’t sign up for it‚ you will still be taxed for it and have to pay a fine. It contains comprehensive health insurance reforms that will enhance the overall effectiveness and efficiencies of health care
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Canada Health Care Act and the Right to Healthcare Canada health care act for publicly funded health care insurance and it is adopted in 1984 by Federal legislation. The main purpose of Canadian health care policy‚ which is to promote‚ protect and restore the physical as well as mental well-being residents of Canada and to providing health care services to Canadians without financial or other obstacles. Canada Health Act is to make sure that all Canadians have reasonable access to insured health care
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I didn’t bulk this into a PRO and CON section per say. I felt like it would flow better and make more sense if I could play pro/con on each system. Should the US have some form of universal health care? I must say prior to watching this video I was very uneducated yet very judgmental on the issue of universal health care President Obama is trying to push right now. I remember reading not too long ago in the paper that by 2016 if a US citizen doesn’t carry insurance they will be penalized on their
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11. Discuss the Pros and cons of capitation vs. FFS. *Capitation and FFS are quite opposite payment process which has its own pros and cons Capitation- payment made in advance to health care providers based on a number of persons assigned to them for a period of time but regardless of seeking treatment or not. Pros- 1) predictable costs and prefixed standard income – in the payers perspective the costs can be predictable which helps in better financial planning. Similarly‚ the payment is
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