As statistics show, there has already been an increase in the cost of health care partially due to the shortage in health care practitioners and the need to offer higher reimbursement for treatments. If predictions are true, and there is a shortage of 125,000 physicians by the year 2025, the cost of health care will increase more rapidly. Because health care and therefore an individual’s life is considered priceless, there are demand shifters that often affect the demand curve of a health care product. As demonstrated in the example above, physician loyalties and experience are just two of the many types of demand shifters. This demand shifters can cause an even steeper rise in health care cost in the real world.
First the pro side, the first main issue is the fact that the 32 million Americans that don’t have health care will now have access to health care coverage. Many Americans can’t afford health care coverage and this policy lowers the cost so that more Americans will have the opportunity to get the coverage they need. Another pro is that people with preexisting conditions can no longer be denied coverage. Insurance companies have been getting away with denying people the coverage they need because they either get sick or because they have a preexisting condition and this policy puts an end to all of that. Lastly, the amount of personal bankruptcies will be reduced.
Implementing electronic health records improves patient care and safety. The development of the Meaningful Use Program was to initiate a nationwide exchange of health information to improve health outcomes and reduce costs. Benefits of using the electronic health records include; less paperwork for patient and providers, improved quality of care, reduce risk of medical errors, and reduced healthcare costs (Chin & Sakuda, 2012). The adoption and implementation of Meaningful Use of EHRs will improve health outcomes, increase transparency and efficiency, and ability to produce evidence based research to continue to improve patient care and safety at a national level (Chin & Sakuda, 2012). Furthermore, the development of Meaningful Use of EHRs provides a standard and modern approach to improve health information technology nationwide.
Bonus payments will be given to those doctors and hospitals that provide good quality care. | CON: With an increased population of individuals receiving healthcare from the government, there will be longer wait times, and potential decline in the quality of care given by doctors. | PRO: The PPACA tax promotes the general welfare because it makes health care more widely available and affordable. | CON: Congress is requiring that every person purchase health insurance or face penalties. | PRO: The health reform includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families.
For instance, the healthcare reform, an aging population that relied on Medicare and Medicaid and state deficits, and the need for updated technology had impacted Swedish dramatically. By 2011, Swedish Medical Center was losing an estimated $250,000 a day. Swedish was in the midst of opening a new facility in an outlining area of the Seattle. The losses were not a reflection of the opening of a new facility but rather the changes in Medicare and Medicaid reimbursements and the decline of health insurance. They had predicted a loss for the new facility within the budget but they were not able to predict the economic downturn.
Introduction With quality, being a big factor in healthcare, patient safety has proven to be one of most pressing health care challenges for hospitals and providers. The Affordable Care Act, which includes policies to help physicians, hospitals, and other caregivers improve safety and quality of patient care, is also intended to make health care more affordable. According to healthcare.gov, Medicare will begin to reward hospitals that provide high quality care for their patients through the new Hospital Value-Based Purchasing Program. This means that Medicare will pay hospitals for inpatient acute care services based on care quality, not just the quantity of the services they provide. Changing how payments are made to hospitals for services, there is an expectation that there will be higher quality care for all hospital patients.
On February 22, 2010 President Obama had signed the healthcare overhaul bill. The Obama-Biden plan provides more security and stability to those who have health insurance. It will provide insurance to those who don’t. And it will lower the cost of health care for our families, our businesses, and most importantly our government. Under the President Obama plan, patients will be able to make health care decisions with their doctors, instead of being blocked by insurance company bureaucrats; an official in a government department.
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
As Baby Boomers grow old and the necessity for health care expands, the United States is expected to have a shortage of nurses. The shortage of nurses has been taking place since World War II, but the major impact to the health care systems have only started to show the past few years. According to Rosseter (2010), “Compounding the problem is the fact that nursing college and universities across the country are struggling to expand enrollment levels to meet the rising demand for nursing care” (p. 1). The reason for this is because there are not many educators to teach nursing. A future concern is the need of nurses is imagined to increase drastically over the next 25 years when the Baby Boomers arrive in their 60s.The common age for registered nurses (RN) is around 45 so the demand for nurses will continue to rise.
empower and educate individuals to make healthy choices, and 4.) eliminate disparities in traditionally underserved populations to improve the quality of life for all Americans (CITATION). The council works closely with the Institute of Medicine to make strategies on how to use funds to improve public health. PPACA supporters feel that as America strives to increase public health thought preventative care, Americans will be healthier and need fewer costly