Australian bureau of statistics 2012, Underlying Causes Of Death, Australian Government, viewed 4th June 2013, http://www.abs.gov.au/ausstats/abs@.nsf/Lookup/20C8E41D310D0B35CA257ABC000CD2D9?opendocument> Blyton, G 2009 'Healthier times? : revisiting Indigenous Australian health history', Health and history, vol. 11, no. 2, p. 123 Cunningham, J 2010 'Socio-economic gradients in self-reported diabetes for Indigenous and non-Indigenous Australians aged 18-64',Australian and New Zealand journal of public health, vol. 34 Suppl 1, no.
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,
John majors government came into office after the downfall of Margret Thatcher, which ultimately created divisions within the party. Not only did the party suffer from the internal conflict but also faced the problems of the recession after the ‘Lawson boom’. In order to stabilise the economy he joined the ERM getting a good deal but ultimately resulting in ‘black Wednesday’ causing Major to raise interest rates to 15%. This was political suicide and he soon lost the support of the press we had once relied so much on to get re-elected in 1992. The housing market also plummeted leading to negative equity, which the majority of the working class could not afford resulting in the repossession of their houses combined with the drastic increase in unemployment Britain was in a mess.
The issue of scarcity is that human’s wants are more or less unlimited. So, as consequence to an increase of immigrants in Australia, resources will become more scarce, and eventually, the resources we use for food will become absolutely scarce. This will become a concern globally, as Australia currently exports 60% of the food produced. From this, a global interdependence has been developed for such exports internationally and the monetary value it carries for Australia. Therefore, the economic problem will incur, causing an extreme decrease in the country’s GDP.
This as well, will continue to lower Lincare’s profits. Lincare’s operating margin additionally declined from 24 percent to 16.6 percent. The 9.5% reimbursement cut on certain durable medical equipment, as well as the 36 month payment cap, and competitive bidding from CMS are negatively affecting the profits of the company. Lincare operating margins have declined from 28.8 in 2005 to 16.6 in 2009 (morningstar.com). Lincare’s Return on Equity has taken a steep decline over the past 5 years going from 21.83% in 2005 down to 14.54% in 2009.
AFFORDABLE HEALTH CARE The Healthcare Industry is a 2.8 trillion dollar industry. From issues like personal bank-ruptcy, overpaid executives in the healthcare industry, inconsistent pricing from health care pro-viders and hospitals and patients not able to afford to have health care, there was a need for health care reform. Due to several inefficiencies that drove up the cost of healthcare, a reduced standard of care to patients, and Americans that could not afford to have health care, the Affordable Care Act was passed in 2010. Some of the key goals of the ACA were to reduce the rate of health care spending and the burden it placed on families, businesses, employers and state and federal budgets as well as improving the quality of care provided to patients. One of the provisions in the ACA is that all Americans are required to have health insurance.
Newcastle herald 23rd march 2013, More mining jobs axed, Whitehaven coal laid off 40 workers in NSW to deal with lower coal prices. The company lost $47 million in the first half of the financial year and is expected to be the same in the second half. As prices aren’t lowering and they are still trying to find ways to save money, more jobs will be redundant.800 workers have been sacked in just 6 months from Queensland, Brisbane, and NSW hunter valley. With all these job losses more and more families are having to find new homes and new jobs because they have no money. Newcastle herald 23rd march 2013, Apple blames record labels for high prices, Australia has to
We are losing our paramedics to states such as WA and ACT. Victorian paramedics are the most underpaid in the country, and yes, in comparison to WA, they are receiving $23,000 less in their yearly salary. These paramedics have been persistently protesting for some appeal. It can also be said that the stress the paramedics are put under can be detrimental to their health
And that is an issue that affects us currently. But in ten to fifteen years, when statistics suggest that 40% per cent of Australian jobs, including highly skilled roles, are made redundant and have been taken over by autonomous machinery, the welfare system won’t matter one bit. Instead the UBI will be our only option. It will be our only way of boosting the economy, and it will be our only way of circulating money back through society. The consensus is that there is no stopping the rise in automation.
Acourding to health care expenditure, heart disease is one of the expensive health condition, costing Australian government 4.5 million dollars in the year 2000 to 2001. The cases of cardiovascular disease become high when people get older , which mean number of Australian with cardiovascular disease might increases in the near future due to the number of the elderly people in Australia. There is no doubt that cardiovascular disease is a big causes of death and the second causes of disease burden compare to other diseases burden. Statistic show that cardiovascular disease is responsible for the 34% of all death in Australia in the year 2007. Statistic show that, cardiovascular disease kills one Australian almost every eleven minutes, affects nearly 3.4 millions of the whole population, prevent 1.4 million Australian population from living a complete life due to disabilities causes by heart diseases, and it take away the lives of nearly 48,500 Australians in the year 2008