Citizens that pay taxes right now are supporting the people that receive Medicare and Medicaid. Accepting the cost of the reform bill is better than allowing millions of Americans to continue to go without health insurance coverage. “With the cost and employment trends working against us, we need to recognize the failure of healthcare in America for the crisis that it is” (Witherbee). If there is a reasonable alternative for the United States to get out of health care debt, it would have happen years before the bill passed in
The amount of change and percentage change is computed. Significant changes between the years in Balance sheet In the year 2008, the current assets were $13,026 while in 2009 they amounted to $127,867. There was a reduction of assets by $2,159. The percentage of the decrease was 1.66%. The percentage of increase indicates that the hospital was performing
The current alternative to the fee-for-services is the capitation arrangement. The physicians believe that the pay-for-performance is controlling how that he or she conducts the practice, but it will eliminate many expensive and unnecessary procedures (Shi & Singh, 2012).The pay-for-performance in the United States healthcare industry comes after the capitation and managed care and if managed correctly will become an asset and if not it will become a major blunder. The goal of pay-for-performance is to change patient behavior and doctors and hospitals with a rewards systems or punishment. A pay-for-performance bonus for doctors can be an increase for the general fee-for-service hospitals can receive an extra in the form of the diagnosis group-based payment (Shi & Singh,
As companies have tried to tighten the budgets, benefits have fallen victim. Employees who once paid little for medical care are now paying more out of pocket. It is likely that this shift has required medical providers to rely on payments from patients who may have trouble paying their share. Until recently, employers did not focus on medical insurance programs that required those covered under the plan to take any type of accountability for their health. Therefore, employers need to establish wellness programs that promote prevention instead of merely giving insurance that covers illness and disease.
The United States is making huge changes in the health care industry. The health care reform can improve the health care industry and lower the cost of health care if policies are developed with health care experts. There are many countries that have mechanisms in place that have lower the health care and improved the quality of their health care system. The United States is a leader in many areas and should be able to figure out a health care system with the P4P
The demand for healthcare pass decreased because of the increase of out-of-pocket costs. People try to reduce their expenses by visiting the doctor less. The deductibles pass decreased the demand for medical services. There would be an increase in the amount of health care consumers if the coinsurance or deductible goes down. How would the law affect the average price of health insurance?
Although managed care has been shown to reduce costs, it is probably not the answer to all of America’s health care problems. Some HMOs have made money through risk selection, accepting mostly healthier patients. Other HMOs may find it difficult to maintain quality of care once the easy savings from discounting and substitution have been taken and thus may be tempted to reduce services in precisely those areas where patients, hampered by information asymmetry, depend most on professionals for monitoring
The insurance companies will no longer have the ability to use their monopoly power through unjustified increases. If the cost is lower, than more Americans will have a shot at obtaining health care coverage. Not everyone is going to be able to afford the premiums even with the new reforms, and the penalty fines may be lower that the premiums with that being the route they take and, in turn, remain uninsured. A large number of Americans will, however, be able to afford coverage and have access to basic medical
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
People have to look at the current health care arena before we go on criticizing the health care reform. The health care reform might be a little pricy, but it out wait the current one that we have. In the long run, the health care reform will eliminate $2.5 trillion of federal spending, enough to boost the GDP by 18%. On top of that, everyone would be insured through the health care reform. It would basically fund itself, because everyone would be participating, it would cost less, due to the mass resources combined.