They argue that introducing private health care will lessen the burden on the publicly funded system as many well off citizens would simply choose to pay out of pocket or through private insurers for services rather than rely on the public system. They argue that the government cannot do it efficiently. At zero prices there is an increase in demand for health care services. This in turn causes the introduction of expensive technology which increases health costs. With taxes at a breaking point government has little recourse but to try to hold down costs.
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
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.
By adopting a pay for performance stance on impacting the preventative side of health care, a substantial savings in rising health care costs may be met. Challenges for putting into practice a pay for performance system is it is very difficult to get everyone on board with quality standards. “Quality standards are objective measures that are used to verify whether or not health care providers are offering the best high quality health care. It is difficult to predict what the effects will be of a pay for performance system”. It probably won’t have much of an effect on individual patients but eventually those patients may benefit from better health care without paying a higher price for it.
With the rising costs and increased focus on experience and quality for the patient, the market for healthcare services will grow even more competitive as regulations increase. By consolidating, both hospitals and insurers can both prosper in this new era and achieve the goals of improving experience of care, improving health of populations and reducing cost per capita. Consolidation will allow hospitals to reduce costs because they will be guaranteed for their work and protected from costly mistakes. At the same time, insurers can benefit by having a concentrated patient group and increase the number of covered lives, thereby increasing profits for both the hospitals and
The end goal should be about the betterment of all people and not for individual selfish gains. Yes, it cannot be denied that since the healthcare debate involves numerous professions, people, and companies. However, instead of just looking at individual selfish gains, people are forgetting to see that if health coverage is provided for all, it ends up saving everyone’s money, the government, the businesses, the people, and the health care facilities. The government saves money because more people will be able to afford health care and have access to care when they need, which helps them live healthier lives. This, in the end, helps prevent illness and diseases which could have gone untreated if the people did not have health insurance.
Today’s Americans, from young children to the elderly, are in danger of becoming obese. If we were to take away all forms of transportation then we would be forced to walk where ever we needed to go. This in turn would help reduce the number of cases of obesity within our society. By reducing the obesity rate, the need for medical care and certain procedures would be much lower. By reducing the need for medical attention there would be more money left in the pockets of Americans.
Technology and premium growth are major contributing fact to the rise in health care spending. The elderly and poor are the ones who will be most affected by the high cost of health care
Between 50 and 51% of young people believe their cost of care will increase under the health reform law (“Harvard Law School, 2013”) also young Americans are much less likely to enroll in the insurance program mandated by the 2010 legislation. Insurance Premiums increased for employers making health coverage not affordable to families. With this new law is it really cost effective, are we able to keep our same doctors. People should be able to have access to quality health insurance regardless of your financial status. The new laws where established to protect consumers against health insurers, so no one would be denied coverage because of an illness such as: Cancer, Aids and other chronic diseases.
676 introduce plans to provide health care for all, give consumers the most choices, provide strong health coverage and saves money for government, business and individuals. Unlike the Medicaid program that depends partially on state funds for financing of benefits, national health care would be supported by the full faith and backing of the government. Universal care would cover those now uninsured; however, it is yet to be proven to be cheaper or more effective than our current