According to Rosenau, Lai, and Lako (2012), the United States health care industry P4P is one of the most important developments after capitation and managed care. The target of P4P is to change the behavior patients, physicians, and those working in the health care industry through a system of rewards and punishments. The P4P bonus for physicians can become the form of an add-on to his or her salary to the general fee-for-service. A bonus for a hospital can be additional payments beyond the payments received through the diagnosis group based payment. A punishment through the P4P system can end in the reduction of compensation or other penalties.
How can health care be more affordable without limiting access to necessary care? What role should government play in controlling increases in the cost of care and the cost of health coverage? What different choices do state and federal policymakers have in containing costs? What is the responsibility of individuals in the cost of their care? Should health savings accounts and high deductible insurance policies be expanded?
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 Cost of Health Care in the United States Health Care System Tiffany HCA 305 Professor: Teresa Thomas October 7, 2013 Healthcare costs in the United States has been a major issue in the United States for decades. With the population of the baby boomers increasing, and the population of the United States increasing, health care costs are rising and continue to do so. With Congress passing health care reforms, there has been little evidence in the reducing cost of health care. New and advanced technology within the health care field would be a great implementation in reducing health care costs. Also, if people took more responsibility of their health while insurance reforms develop, that would be another attempt in reducing health
The reason to question the effectiveness of the fiscal integrity of the Obama care bill. (Heritage Foundation, 2011) There are pro’s and con’s with the Obama care reformation. The cons are that one of the greatest fears of the Obama care is that they will lose the right to choose their own doctor. Another con is the medical cost and billing issues for both the patient and the doctors. Both parties are questioning who will cover the cause of health care treatment.
In Michigan, the Access to Health Care Coalition (2002) estimates that for the current year the increase in health insurance costs will be 16 percent, or an average of $6,230 per employee. Such increases further widen the gap between the insured and the uninsured, with employers and employees struggling to keep up. In addition, the situation is worsened for families not covered under employment health insurance plans who struggle to pay their own health care and health insurance
Physician Shortage: Economic Concept of demand and demand shifts Roberta Mimms University of Phoenix Health Care Economics HCS 552 Amy Shoales April 23, 2012 Physician Shortage: Economic Concept of demand and demand shifts Many of us have the thought that the idea of being a physician, doing good for another individual, has such an appeal that medical schools should have a waiting list several years long. But that is not so. The world is suffering from a shortage of physicians. The Society of Critical Care Medicine, as cited by Gorman (2011), reports that the “shortage of full-time physicians will approach nearly 125,000 by 2025. It is estimated that we will need 1.7 new physicians to replace each one of our retiring physicians
On average, the United States spend twice as much on healthcare per capita and out spend 12 other industrial countries including Germany, Japan and New Zealand (Hughes & Rao, 2012). Yet, U.S. healthcare spending is not translating to better health outcomes for its recipients. Clearly, something has to be done,
The average person in America now consumes $6,567 in health care every year, the highest in the world. The country next closest for health care consumption is Switzerland, which spends $4,311 per person, 34% less than the United States. Japan only spends $2,529 per person, and has the highest life expectancy in the world, while the U.S. is ranked 36th. One justification for this disparity is that health care in the U.S is more expensive. Another comes from the Centers for Medicare and Medicaid Services that recently determined that one-third of all health care consumed in the U.S. is unnecessary.
The Federal Government Health Programs Introduction The Federal Governments three health care programs; Medicare, Medicaid and CHIP (child health insurance program) are costing $2.0 trillion per year. These programs accounted for 21 percent of the federal budget in 2010, or $753 billion. The costs of these programs to the Federal Government are astounding and have a large impact on the National Debt. An overhaul of the government health care programs is needed to reduce the continued spending of billions of wastefully dollars. Thesis statement An analysis of the Federal Governments three health care programs reveal a challenging job ahead in order to overhaul the programs to bring about reduce