The Impacts of the Affordable Care Act: How Reasonable Are the Projections? Jonathan Gruber NBER Working Paper No. 17168 June 2011 JEL No. H3,I18 ABSTRACT The Patient Protection and Affordable Care Act (ACA) is the most comprehensive reform of the U.S. medical system in at least 45 years. The ACA transforms the non-group insurance market in the United States, mandates that most residents have health insurance, significantly expands public insurance and subsidizes private insurance coverage, raises revenues from a variety of new taxes, and reduces and reorganizes spending under the nation’s largest health insurance plan, Medicare.
Financial Environments Worksheet HCS577 Anita Cohen July 23, 2012 Dr. Dominique Sweeting Financial Environments Worksheet Identify three examples of entities with for-profit, not-for-profit, and government financial environments in the health care industry. Compare the similarities and differences between the for-profit, not-for-profit, and government financial environments. | |For-Profit |Not-for-Profit |Government | |Example|Edward White Skilled Nursing unit- St. |1. Regents Park Sunrise- Sunrise, Florida |1. Jackson Memorial- Miami, Florida | |s |Petersburg, Florida |(Nursing Home) | | | |Cleveland Clinic Hospital- Weston, Florida| |2.
University of Phoenix Material Financial Environments Worksheet Identify three examples of entities with for-profit, not-for-profit, and government financial environments in the health care industry. Compare the similarities and differences between the for-profit, not-for-profit, and government financial environments. | |For-Profit |Not-for-Profit |Government | |Exampl|1. Baylor Heart and Vascular |1.Baylor Medical Center at Uptown |1.UT Southwestern University Hospital | |es |Hospital- Dallas |2. Teas Health Presbyterian |2.
In fact, UnitedHealth Group made significant investments in research and development, technology and business process improvements – nearly $3 billion in the past five years. These investments led to changes that are improving the way care is delivered and administered across the entire industry (United Healthcare, 2013). United Healthcare continues to meet the demands of future generations with such creations such as Health4me app, MyHealthcare cost estimator, and UHC TV (UnitedHealth Group, 2012). Health4Me, that brings important health information to people on the go. Features include easy access to registered nurses, personal health benefits information, and the ability to locate nearby physicians and hospitals (United Healthcare,
According to the office for National Statistics, life expectancy has continued to rise.” Life expectancy rises again, ONS says” (BBC .http://www.bbc.co.uk/news/business-15372869 (19 October 2006) The phenomenon of increased life expectancy has affecting everyone in every countries. This essay will explore the issue of the improvement in life expectancy through three factors in the last century. The bases for my view are health, economic and education. Firstly, health around the world is an important social goal of life expectancy. Health with technological breakthroughs process human life span could gradually increased by such as nutrition and hygiene practices as well as enhanced public health measures.
The prices of these technology advances have increased from a couple of hundred thousands of dollars to multi-million dollar pieces of equipments. In this rough economy, it is challenging to keep up with these types of technologies. It puts a financial strain on the healthcare institution, but many times they have proved to be worth the cost. So I believe as healthcare administrators, we must find a balance for the need, use, and maintenance of technology used in the healthcare
Government health care organizations such as Centers for Disease Control and Prevention (CDC) have unique financial structure and financial management strategies to comply with the organizational objectives. For this essay, comparative finacial environment summary of nonprofit hospital, Investorss owned hospital, and the CDC is being discussed. Financial Structure To be useful, the financial structure of any organization must reflect the nature, needs, and mission of the organization. Components of the financial structure therefore vary based on the nature of the organization. Before discussing the comparative summary of financial structures, it is imperative to understand the key components of financial structure common among the nonprofit, for-profit, and governmental organizations.
According to Heffler et al (2003), the National Health Expenditures (NHE) measures spending related to healthcare by types of services delivered in the United States (as cited by Huber, 2010, p. 702, para. 3). NHE is expected to increase to $4.1 trillion in 2016 from $1 trillion in 1998. Experts expect out of pocket expenses to consumers to increase in an effort for employers and insurance companies to get employees and patients to contribute to the rising costs of healthcare (Huber, 2010, p. 703). Since nurses are the largest health care profession, these predictions place emphasis on nurses to be economical in their practice and ensure that supplies are used efficiently and not wasted.
Throughout the world, hospitals have taken the advantage of the availability of innovative products to provide better care services to the patients. The cost for health services has increased within the past century. Hospitals across the country have faced increased costs in health care services. A notable cause is the emergence and widespread diffusion of innovative medical technology. Payment shortfalls from Medicare, Medicaid, and uncompensated care add increasing pressure on hospital finances.
Organizational Structure Paper James Cagney MGT/230 April 7, 2014 Henry Lacy Organizational Structure Paper I selected Aetna Life Insurance Company for this paper. Aetna is a Fortune 500 health insurance company with over $47 billion in annual revenue. I will touch on how being a functional organization has helped Aetna grow and maintain profitability and industry excellence for many years. Two different organizational structures will also be selected for contrast and comparison. In the paper, I will evaluate the various marketing, finance, and human resources functions and discuss how the organizational design influences Aetna's organizational structure as a whole.