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Economics of healthcare
Economics of healthcare
Impact of technology on health care
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Healthcare has predominantly grown over the years. Healthcare cost has become very expensive to afford and many were lost without it. Healthcare became a number one factor in the United State because of the economic downfall in the last few millennium years. Last few years U.S government aggressively worked hard to succeed in bring new innovation to help the healthcare affordable to communities as well as the hospitals and medical facilities which helps to evolves according to changes and new elements. New technologies also helped great deal in with new products and new tactics to prevention and patient’s meetings which helped the with the cost of healthcare and equally improved overall patient’s health and effect. Government plays a great deal of roles with the innovation models of delivery care and financing to support the care and treatments of therapies to patients who needs it intensively. Government helps to fund the research company to come up with better advance diagnostic tools and slow discoveries for new treatments for diseases. For example: Governments funded money for research in cancer which is one of the highest …show more content…
rate of killer and morbidity in every countries. Cancers comes in many forms such as: Bladder Cancer, Brain Cancer, Breast Cancer (which is widely known), Cervical Cancer, Colorectal Cancer and Lung Cancer and Ovarian Cancer (which many women now have) and Prostate Cancer which many men experience over the years. These diseases, governments helps funds many research facilities to find cures and also alert societies to try out the trials after the government FDA approved it. Some trial which could fail an individual’s condition the government recalled and recovers for new research treatment after they study the each phase. Some succeed and some doesn’t and government plays greater roles in helping the societies to afford it through health benefit and Medicare according to the guideline and regulation. Some may require paying out of pocket expense in order to receive the treatment and some according to the age and income based helps to pay for the treatments. Our government gets engaged in number of enterprises to promote improvement in science and education and energy and other variable sectors.
But they are uniquely placed to report about the improvement of healthcare evolutions because it is one the most prevailing role of the government funding and regulation. The Centers for Disease Control and Prevention (CDC) which is the highest health funding company helps funds the research as well as services the population and public health. Healthcare populations should work to ensure that funding for critical research initiatives is maintained so it can lead a successful development. Medicare plays an extensive role of impact on quality and savings, most of the payment and out of pocket expenses has to be paid at the time of services which most can’t afford because of other health related
issues In conclusion, Government plays the crucial role of participating in funding the medical product research as well as development through National Institute of Health (NIH). Our government tries to strengthen the public and private origination partnership with both NIH and CMS under presidential budget. Our government plays wide spectrum of healthcare activities which help form new regulation and public awareness programs and develops good quality antidotes and improve health outcome.
For decades, one of the many externalities that the government is trying to solve is the rising costs of healthcare. "Rising healthcare costs have hurt American competitiveness, forced too many families into bankruptcy to get their families the care they need, and driven up our nation's long-term deficit" ("Deficit-Reducing Healthcare Reform," 2014). The United States national government plays a major role in organizing, overseeing, financing, and more so than ever delivering health care (Jaffe, 2009). Though the government does not provide healthcare directly, it serves as a financing agent for publicly funded healthcare programs through the taxation of citizens. The total share of the national publicly funded health spending by various governments amounts to 4 percent of the nation's gross domestic product, GDP (Jaffe, 2009). By 2019, government spending on Medicare and Medicaid is expected to rise to 6 percent and 12 percent by 2050 (Jaffe, 2009). The percentages, documented from the Health Policy Brief (2009) by Jaffe, are from Medicare and Medicaid alone. The rapid rates are not due to increase of enrollment but growth in per capita costs for providing healthcare, especially via Medicare.
There is an ongoing debate on the topic of how to fix the health care system in America. Some believe that there should be a Single Payer system that ensures all health care costs are covered by the government, and the people that want a Public Option system believe that there should be no government interference with paying for individual’s health care costs. In 1993, President Bill Clinton introduced the Health Security Act. Its goal was to provide universal health care for America. There was a lot of controversy throughout the nation whether this Act was going in the right direction, and in 1994, the Act died. Since then there have been multiple other attempts to fix the health care situation, but those attempts have not succeeded. The Affordable Care Act was passed in the senate on December 24, 2009, and passed in the house on March 21, 2010. President Obama signed it into law on March 23 (Obamacare Facts). This indeed was a step forward to end the debate about health care, and began to establish the middle ground for people in America. In order for America to stay on track to rebuild the health care system, we need to keep going in the same direction and expand our horizons by keeping and adding on to the Affordable Care Act so every citizen is content.
Healthcare is one of the most dynamic industries in our great nation. To truly understand just how dynamic the industry is, one needs to understand that healthcare in and of itself is a living, breathing industry that is ever changing and conforming to meet the ideals set forth from a broad group of stakeholders. When one looks at the evolution that healthcare has undergone in the past 165 years, the picture of the true dynamics of this industry is painted. One must take this evolutional history into account when looking at the next ten years in our industry. When looking at these evolutional processes, one can see that the systems have changed as our country and its people have required it to (Williams & Torrens, 2008). When looking at how this industry will change or evolve over the next decade, one can ascertain that it will be by the demands of those involved that change will come.
“Homelessness can be the cause as well as the result of poor health” (Wise, Emily, Debrody, Corey &ump; Paniucki, Heather, 1999, p.445). This is a reoccurring theme that has existed within the homeless population for decades. While programs to help reduce this constant circle are being put in place all over the country to provide medical services for the homeless to be able to go to, many are still finding that health care needs for individuals as well as homeless communities are not being met. Many studies have been completed that study both the opinion on healthcare by those who have access to sufficient health care and homeless people’s perceptions on health care administration. While many companies are working to provide more personal health care systems, it appears that the larger problem is with a lack of people know about the health care systems that are in place to help them. Companies are trying to advertise more often to inform homeless people that there is health care out there for them.
As I began watching Reinventing Healthcare-A Fred Friendly Seminar (2008), I thought to myself, “man, things have changed since 2008.” And as the discussion progressed, I started to become irritated by how little had changed. The issues discussed were far-reaching, and the necessity for urgent change was a repeated theme. And yet, eight years later, health care has made changes, but many of its crucial problems still exist.
The U.S. healthcare system is very complex in structure hence it can be appraised with diverse perspectives. From one viewpoint it is described as the most unparalleled health care system in the world, what with the cutting-edge medical technology, the high quality human resources, and the constantly-modernized facilities that are symbolic of the system. This is in addition to the proliferation of innovations aimed at increasing life expectancy and enhancing the quality of life as well as diagnostic and treatment options. At the other extreme are the fair criticisms of the system as being fragmented, inefficient and costly. What are the problems with the U.S. healthcare system? These are the questions this opinion paper tries to propound.
The governmental level of responsibility is to protect and advance the interests of society. The market place alone simply can not ensure that all Americans will have access to quality health care. The government must acknowledge the interests brought about by citizens in general especially in the health care realm. Proper planning and ultimate goals set to achieve high quality care will require strong partnerships among federal, state, and local governments solely. A combination of all sectors of the government is what American needs to succeed.
Millions of Americans are without health insurance in the United States due to many factors such as unemployment, the cost of insurance and insurance companies denying coverage due to pre-existing conditions. The United States does not provide health care to its citizens the way the rest of the industrialized world does. Instead of providing coverage for all it institutes market-based options, in which some receive coverage from their place of employment, another options are purchasing individual plans and some can obtain coverage through public programs like Medicaid. The United States is the only westernized industrial nation without a universal health care system.
In order to provide affordable health care, government should have huge amount of money to be invested in the hospitals, for arranging doctors and for financing.
In today’s healthcare system, there are many characteristics and forces that make up the complex structure. Health care delivery is a complex system that involves many people that navigate it with hopes of a better outcome to the residents of the United States. Many factors affect the system starting from global influences, social values and culture. Further factors include economic conditions, physical environment, technology development, economic conditions, political climate and population characteristics. Furthermore the main characteristics of the Unites States healthcare system includes: no agency governs the whole system, access to healthcare is restricted based on the coverage and third party agencies exist. Unfortunately many people are in power of the healthcare system involving multiple payers. Physicians are pressured to order unnecessary tests to avoid potential legal risks. Quality of care is a major component; therefore it creates a demand for new technology. A more close investigation will review two main characteristics and two external forces that currently affect the healthcare delivery system. Furthermore, what will be the impact of one of the characteristics and one of the external forces in review with the new affordable care act 2010? The review will demonstrate the implications to the healthcare delivery system and the impact on the affordable care act 2010.
Health reform and health policy has taken over in the United States in recent years. Medicaid is one of the top policies being implemented throughout our nation today. To understand how Medicaid and federalism cross paths with each other one must understand the basic definitions and concepts each one brings. Federalism is “system of government in which the same territory is controlled by two levels of government. Generally, an overarching national government governs issues that affect the entire country, and smaller subdivisions govern issues of local concern.” In short, federalism is a government system that has an overseeing central government over state government. While, “Medicaid is a health insurance program for low-income individuals and families who cannot afford health care costs. Medicaid serves low-income parents, children, seniors, and people with disabilities.” Medicaid is a test based welfare program for United States Citizens. Now the question is how does Medicaid intersect with federalism? These two intersect because Medicaid is a need-based program that is funded by the federal government and the state government and administered at the state level. The issue with Medicaid is that if it expands then a crowding-out effect may occur. Meaning, that the more the government spends on Medicaid then less they would be able to spend on other programs such as: education, transportation, or other state priorities. Medicaid is supposed to provide access to health insurance for approximately half of our nations uninsured citizens. Without Medicaid a vast amount of low-income citizens will go without having a healthcare insurance plan.
There are new challenges every year in the health care field. Research on the future of U.S Healthcare System is of paramount importance to the entire Health care industry as well as the citizens of the U.S. To begin with, the research will discuss how challenges for future healthcare services can be enhanced by reducing the costs of medication. By creating a better quality of health care, Information technology advancements, including future funding, lower rising costs, the Medicare and Medicaid programs. The research will also discuss the challenges of market shares for different ages of populating and maintaining a skilled work place. It will further discuss the tentative solutions to these challenges. The role that the government plays to ensure that these challenges are mitigated and that health care is available to all American citizens is also discussed. Among these problems poor quality of care is perhaps the most visible and troubling, resulting in nearly 100,000 preventable deaths each year (Institute of Medicine, 1999) and reduced quality of life for millions of Americans due to non-fatal yet serious adverse events such as wrong-limb amputation, hospital-acquired infection, and medication errors (Institute of Medicine, 2006; Leape, 1997).
...ue to numerous medical errors. With the amount of medical errors that currently do occur which is a current health care issue it cost the health care billions of dollar each year to fix the mistakes that were made.
The quality of care provided to patients is very important because it prevents providers from producing any harm. Managed care, on the other hand, is a contact between medical providers and health care facilities to deliver care for patients at a lower cost. The plan’s network is created by the medical provider. Thus, managed care yields greater accountability for quality of care.
Health care has always been an interesting topic all over the world. Voltaire once said, “The art of medicine consists of amusing the patient while nature cures the disease.” It may seem like health care that nothing gets accomplished in different health care systems, but ultimately many trying to cures diseases and improve health care systems.