Most people will choose the Castor Standard, which is the lower cost to save money in their pocket. Castor Collins will like to make changes to Castor Enhanced since it already have the preexisting medical condition coverage to accommodate the conditions of the employees. Castor Collins will to it make changes to the premium with the company only paying a certain amount for each employee. The plan could work, but is not saying that it will benefit the company. So the return to the company will be lower as well.
Health Care Industry 1 Health Care Industry HCS/449 Donna Hawley Health Care Industry The health care industry is the fastest growing industry. As the years go by, more and more breakthroughs will be shaped. This assignment will talk about the ups and down from the past 10 years, what I consider will be the maximal alteration in the following 10 years, my goal in the business, adapting my services to increase with the transformation, my view point
The legislation is named for U.S. President Barack Obama who promoted it. The Health Care reform debate in the United States has been a political issue for many years, focusing upon increasing coverage, decreasing the cost and social burden of health care, insurance reform, and the philosophy of it's provision, funding and government involvement. It's an informal term for the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. The two bills changed how health insurance functions in the U.S. Among other provisions, ObamaCare expanded eligibility of Medicaid and required most Americans to purchase health insurance.
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,
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
As a result of the rise in healthcare spending, the economy is growing rapidly thus, having elevated healthcare costs. Furthermore, in healthcare there are two types of plans, that all insurance plans are based on. These two plans are Indemnity, and Managed Care. An Indemnity plan is a plan that provides security against loss. With this plan, the patient is able to have the flexibility of choosing their own physician.
The importance bestowed on Medicare cannot be overlooked at the expense of any other crisis the United States could be facing. Worthy to note is that Medicare started experiencing circumstantial crises in the year 2007 on the verge of global financial crisis. Being among the influential sectors of the economy, United States Government increased its budget margins extended to the health care and Medicare in particular. However, the problems and crises facing Medicare are persistent and unresponsive to the government’s huge budget allocation to support the program and improve general quality of health care in the United States. Currently the government has assembled a Congress panel to analyze the contemporary crisis and make viable
Health Care Reform Project Part I HCS 440 Bruce Peterson December 24, 2012 Summary The rapid population growth in the United States along with the continuously rising health costs makes managing the health care industry difficult. Because of technologic advancements both in healthcare services and medicine, people are able to live longer lives. However, as the aging population grows, more will need healthcare and more services will need to be provided. In the 1950s, not that many people lived longer than their 70s (Getzen & Allen, 2007). Furthermore, in the 1950s there were larger families so elderly care was more commonly given by family members.
Riordan Manufacturing produces lifesaving medical equipment that is used to treat those with heart disease. A the world’s population continues to increase, the need for more of these life-saving devices has the potential to only improve the financial health of Riordan Manufacturing. The steady increase of the cost of fuel also has the potential to affect the cost of shipping for Riordan Manufacturing. Also, because most of Riordan Manufacturing is located in the United States, the strength of the dollar compared to other currency has the potential to affect financial decision made by Riordan Manufacturing. Conclusion References Kimmel, P. D., Weygandt, J. J., & Kieso, D. E. ( 2010).
The economy has gotten better through the years and President Obama has come up with some very beneficial strategies that have helped this country get out of the recession that we were in. The Affordable Care Act known as Obama care is a HealthCare reform that’s used to help those individuals and families who do not have health insurance seek the care they need. I believe that this was another great achievement for President Obama. There are millions of people who cannot afford the proper healthcare that they need in order to survive. The people who need this the most are now being helped out and this has helped our