Our proposal group does not have the exact numbers of the cost that your company pays on the premium of your healthcare plan. So we have decided to use an average worker and employer premium contributions for family and individuals for the year 2012, (Kaiser Family Foundation, 2012) for private employers. For a family healthcare plan, each employer contributed on average of $10,704. The total cost of the premium was $15,199. The average payment by employers of the premium was 70% which is well over the 60% that is required.
Canada's health care system has a large impact on the Canadian economy. (Squires, 2012) In 1950, the USA spent $12.1 billion on health care, and now an estimated $5.2 trillion are spent annually, and the costs keep rising. Spending in the U.S. is the highest in the nation. In the next two years, the US is expected to spend about $13,000 per person. The U.S. medical care system is primarily a for profit insurance plan usually provided to employees as a workforce benefit that are part of the compensation package.
The United States has had the most spending for health care for persons age 65 and older (CDC.gov, 2011). In this
There is a catastrophic cap in which patient cost-share payments are subject to. This is a limit on the total medical expenses that beneficiaries are required to pay in one year. The annual cap for active-duty families is $1,000, while other beneficiaries have a limit of $3,000. After these caps are met, TRICARE the n pays 100 percent of addition charges for covered services for that coverage year. TRICARE Prime is a managed care plan that is similar to a HMO.
BIBLIOGRAPHY HIM-220 – Healthcare Data Systems Nakia B. Logan AHIMA. "Homeland Security Act, Patriot Act, Freedom of Information Act, and HIM." (Updated November 2010). Retrieved March 27, 2015, from http://library.ahima.org/xpedio/groups/public/documents/ahima/bok1_048641.hcsp?dDocName=bok1_048641 Best Practices for Healthcare Data Breach Cividanes, E., Luehr, P., & Krenek, B. (2011, May 1).
According to the Organization for Economic Cooperation and Development, in 2005, the US trailed many other countries in this area and only 15-20 percent of physician’s offices and 20-25 percent of inpatient facilities utilized an EMR( electronic medical record), (Health Affairs, 2005). It has been estimated that if 90 percent of both inpatient and outpatient facilities would adopt the EMR, the savings could average $77 billion per year (Health Affairs, 2005). Just in adverse drug reactions alone, the savings could be $200,000. Kaiser Permanente, the largest private healthcare delivery system in the United States, chose to perform a business analysis after the implementation of their information systems. The initial investment was to be $3 billion dollars over 11 years for full implementation of their EMR.
Quality Improvement Plan part I April, 4 2010 Quality Improvement Plan part I The United States population is aging, according to USA Today more than 7% Americans aged 75 and older lived in nursing homes in 2006,this number decreased compared with 8.1% in 2000 and 10.2% in 1990.According to studies, nursing home resident are the nation’s greatest consumers of prescriptions and over-the-counter medications, are especially vulnerable to medication-related problems( Avorn, 1995) . In the U.S., older adults consume an estimated 34% of all prescriptions, though they constitute just 13% of the U.S. population (American
S.B. Tyler English 1020-059 5 April 2011 The Cost of Health care and the People Who Need It It is beneficial economically for the United States to support the Patient Protection and Affordable Care Act. The United States spends approximately $2 trillion on health care cost and over 40 million Americans do not have health insurance. If the Health care Reform bill passes, not only will all of the United States citizens have health care but the deficit will decrease a great amount. Health care reform has been a major issue in the United States for centuries.
HIPAA Violation Howard University Hospital security breach Jan 25, 2012 The costs of a healthcare breach Data breaches cost the healthcare industry $6 billion per year. The total economic impact of medical identity theft is $30.9 billion annually, up from $28.6 billion in 2010. Healthcare firms spend about $1 million per year, per firm, on data breaches. Howard University Hospital Nonprofit institution. It is a general medical and surgical hospital in Washington, DC, with 266 beds.
Peter Ferrara states that the “government’s own reports show that Medicare will run out of funds to pay promised benefits within the next few years”. Ferrara also says “that the current source of funding for Medicare will finance approximately one third of currently promised benefits to today’s workers”. Radical measures are definitely needed to preserve the Medicare program (Ferrara, 1997). The United States is facing a severe financial crisis because of the huge spending deficits and future spending for Medicare. The baby boom population of 79 million has started enrolling in Medicare in January 2010 and for the next 20 years an average of 10,000 citizens per day will reach the age of 65 (Smith,