The disadvantage for an uninsured person will be that they will pay full price at a non-negotiable rate, but they can shop smarter by the use of federal database of national health care costs. The insurance companies have a negotiated reimbursement rate, include variety population, young, elderly, healthy, and sick to evenly distribute the cost of the plan therefore, lower cost health insurance. The increase knowledge for consumers on health care insurance will increase competition and supply of healthcare insurance. The private and government insurance plans will put pressure on the providers to meet quality care guidelines in order to get reimbursed (Christensen, 2013). The ACA and the CMS have made insurance buying process transparent, allowing consumers to educate themselves on not only where to go for services but have also provided a platform for consumers to compare different insurances plans thus increasing the competition between different insurance plans and increasing the number of choices for the health care consumer (Young & Kirkham, 2013).
MEDLINE, EBSCOhost (accessed June 1, 2010). Jenkins Chris, L. "Should Officials Force Care on Mentally Ill? Debate Swirls Over Rules Allowing Mentally To Be Forced Into Treatment." The Washington Post, 12/29/2007. http://http://www.msnbc.msn.com/id/22435155.
CMS said it anticipates that these new fees and taxes will be passed down to consumers in the form of higher drug and device prices and higher insurance premiums, raising health care costs from $2.1 billion in 2011 to $18.2 billion in 2018. Throughout the health care debate, Americans were told the Democrats' health care reform measure would make premiums more affordable; instead, as the President's own actuary at CMS confirms, Americans will face higher premiums..." Lisa Murkowski, JD US Senator (R-AK), New Health Care Law Will Increase Costs, Reduce Benefits," murkowski.senate.gov, May 18, 2010 "The Senate plan limits how much even the wealthiest family buying insurance in the Exchange can be expected to pay, out-of-pocket, in a given year to a total of $11,900 for a family, and $5,950 for an individual. Again, lower-income households are expected to pay
America’s Health Care Debate Dwight D. Bennett Sr. Saint Leo University ABSTRACT The passage of the 2010 Patient Protection and Affordable Care Act (PPACA) in the United States put the issues of health care reform and health care costs back in the national spotlight. The United States Census Bureau, in addition to the Congressional Budget Office are non-partisan government departments that provide citizens of The United States ample independent data of which they may educate themselves with factual data, to assist in making informed decisions about their future. The Congressional Budget Office previously estimated that the cost of a family health insurance premium would equal the median household income by the year 2025 [ (Carmen DeNavas-Walt, 2012) ]. A slowdown in
THESIS STATEMENT AND ANNOTATED BIBLIOGRAPHY Western Governors University Annotated Bibliography: Affordable Care Act Introduction: The Patient Protection Affordable Act is an act signed into law on March 23, 2010. It requires every citizen in the United States to have health insurance failure to which, an individual is subjected to tax. Thesis Statement: Studies show that the Affordable Care Act will benefit Americans by improving access to health care, slow down the rising cost of health care, improve quality of healthcare provided and strengthen the Medicare system Annotated Bibliography Gruber, J., & Newquist, H. (2011). Health care reform (1st ed.). New York: Hill and Wang.
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.
The reforms and expansion of health insurance and specials provisions relating to preventative care are designed to get Americans to think about preventing disease before it happens. The idea is to drive down costs by avoiding expensive treatments for serious disease and to improve the overall health of a vast majority of Americans. There is no doubt that prevention is cheaper than treatment, and the reforms present in the Affordable Healthcare Act are meant to get Americans used to utilizing preventative measures in order to stay out of hospitals and emergency
Patient Protection and Affordable Care Act of 2010 (Executive Order 13535) Niesha M. Felder FINC352 University of Maryland University College September 16, 2012 Introduction What is the Patient Protection and Affordable Care Act of 2010? The Patient Protection and Affordable Care Act (PPACA) of 2010 also known as the Obamacare is a federal law that was created to provide Americans throughout the U.S. with healthcare coverage. The PPACA of 2010 is primarily aimed towards reducing the amount of un-insured Americans, while decreasing the general cost of healthcare. The PPACA of 2010 guarantees that Americans without insurance coverage will be able to choose the insurance coverage that works best for them in a new open, competitive
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