So the return to the company will be lower as well. This is the better chose of the two plans with the health condition of the employees. The health plan is going to cost more but you pay for better services. It is like the saying “you pay for what you get”, such as if you pay a lower premium than you will have certain network of hospitals, physicians, and treatment centers that may not have the same results of paying more money and receiving better service. The Castor Enhanced plan can be overhaul to fit the need of the employees.
This company shows that a lot of their employees are prone to have many pre-existing conditions and are high risk at different health problems, which only leads to the company having to pay more money for services that are rendered to the employee. What would be best for this company is making a customize plan that not only would benefit the employees at E-editors but also protect Castor Company with any chances of high risk
This plan does not cover preexisting conditions, the risks of providing this plan is lower. This groups employees were younger than those for E-Editor and did not have any preexisting conditions. This is why this makes it the best insurance plan for Constructit. The premium that is going to be charged Constructis is $3,428, and Castor Collins earning from Constructit is $3.43 million. Given the health profile and expected utilization of services for this group, increased earnings for Castor Collins could have been better if Constructit had been provided a different plan.
Managed care organizations scrutinize expensive procedures to be sure they are necessary. At times patient desires and needs come into direct conflict with economic pressures. Studies have shown that about 30% of operations recommended by surgeons are unnecessary, the majority of these procedures would accomplish their purpose, and other methods would achieve similar results without operation. Managed care organization will refuse to pay for an operation if they feel it is unnecessary. Another way managed care organizations control costs is by eliminating expensive doctors from their provider list.
So, making changes in costs and financing would go a long way toward removing the financial obstacle, that way the other recommendations have a much better chance of being successful. Reducing costs of health professions education for URM’s and low-income individuals is a recommendation that will actually help to more than just the health care profession’s diversity issues, it would
By reducing the need for medical attention there would be more money left in the pockets of Americans. This would have both a positive and negative effect on the economy. Personnel in the medical field would lose money but other parts of the economy would prosper. Instead of spending your last dollar on a medical procedure, you could buy your family enough food to eat like royalty. Do you feel that our nation as a whole would be able to make the necessary changes and be successful if this were to become law?
The Institute for Higher Education Policy says college graduates not only earn more and account for larger amounts of savings but also enjoy the benefits of higher education such as professional and personal mobility, leisure activities, and higher quality of life in addition to developing better culture, rationale, consistence, and becoming more open-minded. Going even further, research has proven people with higher education have lower smoking rates and better health, which is an indirect positive factor for any employer in terms of lower cost on health expenses, higher performance, and lower number of sick-days. Indeed, education is the benefit for the person who achieves it at first place, but these are so-called ‘secondary effects’, if can be worded this way; the real benefit is better knowledge, opportunities, and qualities that this person brings to the company. New professional opportunities for the company consist of many aspects, such as better communication abilities in speaking, writing, and public presentations (and lower costs of poor communication as the result), generally better
For example, some people cannot afford to go to the gym or afford transport to quit smoking groups or buy nicotine replacement therapy. People may also work long hours so do not have time to exercise. People on a good income or more able to take up healthy behaviours because they can afford to go to the gym and buy healthier foods (healthier food tends to be more expensive than junk food).
The insurance companies, pharmacies, and providers should help by lowering their costs so universal health care can have a chance for everyone in the country, not just Massachusetts. Keeping costs lower will make it affordable for their residents. The problem is, if the insurance costs do not lower, the middle class are the ones that will suffer the most. Massachusetts has said that low-income families will be subsidized. The wealthy will not have a problem paying high insurance premiums.