Premium Essay

Economic Terms and History Paper

In:

Submitted By kdsmom10
Words 1035
Pages 5
Economic Terms and History Paper
Vicki Sellers
HCS 440
July 10, 2014 David Disciascio

Economic Terms and History Paper
Health care economics have dramatically evolved throughout generations in this country. And those changes have caused a shift in how health care organizations to adjust their financial methods, strategies, and how they provide overall care. Health care economics has at times put a great burden on the health care industry such as the providers, the ones needing care, and the insurance companies who now help pay for that care. Health care facilities and companies continually have so many demands put on them with all the changes, it is not surprising that something has to suffer because of it and in our current economy, what seems to suffer most is the quality of care provided. Changes to health care and its delivery have also been impacted by technology, advances in medicine as well as different procedures and medicines
.
People vary in their belief systems in what has caused the changes to health care economics. Some individuals believe that is due to various changes that United States have gone through since her birth. However many others believe that a lot of influence has been due to advances in technology and how those changes have impacted health care. What is most important is having an understanding of these changes and the impacts they have made on the health care industry over all throughout history. Comprehending the history of and how health care economics has changed, helps financial managers be more prepared for the future. Identifying how the flow of funds system works as will improve how those managers handle their individual facility’s health care economics. According to Getzen and Allen (2007), “at its most basic level, health care is a handful of economic transitions, in which patients purchase insurance, physicians

Similar Documents

Premium Essay

Professor

...sdfsdfsdfsdTermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Bottom of Form * Home Page » * Historical Events Economic Development: a Comparison of Rostow and Gerschenkron In: Historical Events Economic Development: a Comparison of Rostow and Gerschenkron “Rostow’s pattern of thought of economic development is often compared and contrasted with that of Alexander Gerschenkron, though the two are more or less compatible and complementary.” Critically discuss this statement. The theory of economic development throughout history has been of significant discussion especially in regard to the works of Rostow and Gerschenkron. The differentiation between the pattern of thoughts and ideals is a hotly debated topic within economics. The ideals the two theorists create, each substantially creditable in their own right, entail degrees of correlation and variation. Leaving the conclusion, do the to patterns of economic thought complement one another or is there distinct disparity between the two.   Applied examples will be used below to analyse the extent of segregation or association between the works of Rostow and Gerschenkron. The two theories of work are mainly discussed with Asian development as it is more relevant, timely and there is significantly more information available than previous developed...

Words: 2849 - Pages: 12

Premium Essay

Economic History and Health Care Funding

...Economic History and Health Care Funding Monica Williams HCS/440 July 1, 2013 GEOFFREY SUSZKOWSKI Economic History and Health Care Funding The paper that is being written is covering the history of economics and how the economy and health care funding has changed. The paper will reveal how the two compare in today’s society. It will evaluate the money used to fund certain health care services such as Medicaid/ Medicare, HMO’s, and how places like hospitals and nursing homes receive compensation for taking care of patients. The paper will also go into detail of how elderly pay to have certain services such as home health services provide care in their place of residence. One must wonder what economic history and health care funding is. Well economic history is the way people with supply and demand which is how the price of a commodity or commodities are determined; the cost of the production of a product that is being made, wealth and the level of income, and the structure and operation of overseas trade. Some would believe that Health care funding is how most people can afford health care, seeing that the cost of receiving it is very high. With that being said, the government did not fund health care like they do now. There were no health care programs like the ones that are available today. Back in the old days people would be able to afford health care only if they could pay their doctor in food or whatever little money...

Words: 819 - Pages: 4

Free Essay

Cardinal Utility

...Ivan Moscati How cardinal utility entered economic analysis during the Ordinal Revolution 2012/5 UNIVERSITÀ DELL'INSUBRIA FACOLTÀ DI ECONOMIA http://eco.uninsubria.it In questi quaderni vengono pubblicati i lavori dei docenti della Facoltà di Economia dell’Università dell’Insubria. La pubblicazione di contributi di altri studiosi, che abbiano un rapporto didattico o scientifico stabile con la Facoltà, può essere proposta da un professore della Facoltà, dopo che il contributo sia stato discusso pubblicamente. Il nome del proponente è riportato in nota all'articolo. I punti di vista espressi nei quaderni della Facoltà di Economia riflettono unicamente le opinioni degli autori, e non rispecchiano necessariamente quelli della Facoltà di Economia dell'Università dell'Insubria. These Working papers collect the work of the Faculty of Economics of the University of Insubria. The publication of work by other Authors can be proposed by a member of the Faculty, provided that the paper has been presented in public. The name of the proposer is reported in a footnote. The views expressed in the Working papers reflect the opinions of the Authors only, and not necessarily the ones of the Economics Faculty of the University of Insubria. © Copyright Ivan Moscati Printed in Italy in december 2012 Università degli Studi dell'Insubria Via Monte Generoso, 71, 21100 Varese, Italy All rights reserved. No part of this paper may be reproduced in any form without permission of the Author...

Words: 11439 - Pages: 46

Premium Essay

Jjkji

...|[pic] |Syllabus | | |College of Natural Sciences | | |HCS/440 Version 5 | | |Economics: The Financing of Health Care | Copyright © 2010, 2007, 2005, 2004, 2002, 2000 by University of Phoenix. All rights reserved. Course Description This course provides an overview of the economics of health care. The various payers are examined, including private, state, and federal entities. Issues such as the cost effectiveness of prevention, the management of patients and their diseases, as well as the cost of treatment settings are discussed. Third party reimbursement from various sources, ranging from for-profit insurance carriers to charitable donations, are reviewed. The health care system's use of grant funding and research dollars is described. Policies Faculty and students/learners will be held responsible for understanding and adhering to all policies contained within the following two documents: • University policies: You must be logged into the student website to view this document. ...

Words: 1808 - Pages: 8

Free Essay

Factors

...History of Politics A Research Paper Presented to The class of Miss Rhoda Mae R. Navasquez Southern Cotabato Academy, Inc. In Partial Fulfillment of the Requirement for the Subject English IV by Jeison L. Omandam December 01, 2011 INTRODUCTION Political history is the description and analysis of significant political occasions, movements, thoughts, and leaders. Typically it is developed around the nation states. It is distinguished from but relevant to other areas of history such as economic history, social history, and military history. Usually, political history discusses events pertaining to nation-states and the political process in particular. As per Hegelian doctrine, Political History ‘is a perception of the state with a guiding force beyond the material benefits of its subjects: it meant that the state was the root factor of historical change’.  This differs with one, for example, social history, which predominantly discusses the events and lifestyles of common folks, or people’s history, that is historical account from the view point of a lay person. A study of political history typically centers on a single nation and its political change and aggrandizement. A few historians highlight the ever increasing drift toward confined specialization in political history over the course of recent decades: ‘wherein a college professor in the 1940s resorted to identify himself as a “historian”, by the 1950s “American historian” was the designation.’ Political...

Words: 1803 - Pages: 8

Premium Essay

The Federal Reserve Response to the Recent Recession

...The Federal Reserve Response to the Recent Recession Rahman R. Funn Webster University BUSN 5620 [ July 23, 2012 ] Ms. Lynn Bailey Abstract This term paper examines the history of the Federal Reserve System and takes a look at what causes a recession and how the FED responded to the most recent one. A recession can cripple a nation if not handled properly. With this paper, I explain how necessary interest rate cuts, the purchase of bonds and mortgage backed securities, and company bailouts were needed to prevent a second Great Depression. These actions will result in the United States creating low, short term-interest rates (near zero) through 2014. The Federal Reserve Response to the Recent Recession This paper examines the history of the Federal Reserve (FED) and how they responded to the recent recession. The goal of this paper is to give the reader insight on the history of the Federal Reserve System and how it was formed. The reader will gain knowledge of what a recession is and how the FED responded to the recent one. The data used for this paper consist of a literature review of articles from the internet websites of NY Times, Federal Reserve. History of the Federal Reserve System (FED) The Federal Reserve System, commonly known as the FED, is the central bank of the United States. Congress established this bank (signed off by President Woodrow Wilson)...

Words: 2187 - Pages: 9

Free Essay

Subjects Information

...students to meet specific subject related queries. It is defined as a tutoring practice, which provides support to the students in solving particular subject related queries. Apart from this, this makes the learning process easy for the students through providing ready to learn or tailor made notes and helps in solving specific subject problems. Basically, academic assistance is the new method of tutoring by a large number of institutions to facilitate the students in their studies. Academic assistance encompasses all types of subjects from English to Management. In the academic content development, a number of subjects such as business studies, marketing, accounting and financial management, operations management, qualitative techniques, history, science, statistics, dissertation and its proposal development, human resources and organizational behaviour are covered. In pertinent to the given subjects, academic assistance is a kind of help provided to the students in developing particular topic related subjects content. Academic assistance is not only limited to provide a notes specific to subjects, but also it covers a full helps in completing the project steps such as authentic data collection and then presentation. As a service provider, we are providing academic assistance to all grades of students including school, college and Phd students. Our professional subject writers provide you a tailor made content and helps pertinent to the subject query. Accounting can be explained...

Words: 5329 - Pages: 22

Premium Essay

Essay Term Paper

...* Skip to Navigation * Skip to Content TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory * Join * Search * Browse * Saved Papers ------------------------------------------------- Top of Form Search Bottom of Form * Home Page » * Other Topics Rising Health Care Cost In: Other Topics Rising Health Care Cost Courtney Sheegog May. 8th, 2013 Hca/210 Rising Health Care Cost Assignment • What are some of the driving forces behind rising health care spending? One of the driving forces behind rising health care spending is Technology and Prescription drugs, chronic disease, aging of the population, Administrative costs.   For several years, spending on new medical technology and prescription drugs has been the leading contributor to the increase in overall health spending. (Healthcare reform .Gov. ,2011). Longer life spans, and greater prevalence of chronic illnesses. This has placed tremendous demands on the health care system, particularly an increased need for treatment of ongoing illnesses and long-term care services such as nursing homes; it is estimated that health care costs for chronic disease treatment account for over 75% of national health expenditures (Kaiser Edu.org, 2010). How do HMOs affect health care costs? HMO's often emphasize their ability to contain costs through oversight of physicians' decisions or by implementation of a capped payment scheme that aligns physicians' incentives...

Words: 483 - Pages: 2

Premium Essay

Hcs440 Week 1

...------------------------------------------------- Economic terms and health care history Woody Johnson HCS/440 June 12, 2013 During history, health care economics has changed considerably. The main reason that stimulus change in health care economic are technology and medical care, however a lot has to do with evolutionary changes that the U.S. endured from the beginning. It is very essential to comprehend health care cash flow system and economic history. Administrators use this data to help organize the future of the corporation. In this paper, I plan to use the terms to elaborate on the history and evolution of health care economics and the timeline of finance. Before the year of 1990, there was not a significant health care in America. American medical association was just starting, individual were using home remedy to treat illnesses, physician was making house call and trade service for good, clinic were just getting started, and there were no such thing as health insurance. However, among the age of 1901 and 1940 health care and treatment made some significant change. Clinic became more necessary Antibiotics were found, improvements were made in cleanliness, and individuals came up with ideas for employment benefit. Also, individuals came up with ideas for health insurance. In the year of 1960 social security has been carried out, Medicare & Medicaid contracted into law, and Health Insurance Company were coming up all over (PBS, 1960). In the year of 1970...

Words: 1293 - Pages: 6

Free Essay

Australian Politics

...Discussion 1 Political Culture 3 Economic Rationalism 4 Social Conservatism 7 Conclusion 8 References 9 Annotated Bibliography 11 Politics: Howards Government Thesis Statement The changes brought by he Howard’s government in social, political, and economical landscape are substantially different from previous regimes and tend to move away from welfare state to free market system. Introduction This paper discusses the changes that have been brought by the 11 year era of 25th Prime minister of Australia, Mr John Winston Howard. This era saw economic expansion that is characterized as longest in the history of Australia. Howard’s policies, practices, philosophies, and decisions have been widely debated specially over the issue of abolishing welfare system, treatment of asylum seeker after the 9-11, and such. This paper discusses the changes in the era of Howard and its consequences. Discussion The 25th Prime minister of Australia, Mr John Winston Howard, was born on July 26th; 1939.he is the longest serving prime minister of Australia after Sir Robert Menzies. His era of Prime Ministership started March 11th, 1996 and ended in December the 3rd 2007. After 1980, it was the first Federal victory of coalition of the National Parties and liberals. The first terms was 1996 to 1998, the second term of the Howard was 1998-2001. The third term started in 2001 and ended in 2004. While the last term of Howard as Prime minister started 2004...

Words: 2949 - Pages: 12

Free Essay

Managerial Economics

...INTERNATIONAL ECONOMICS EC 410 Term Paper In order to assist you in learning the concepts taught in this class, part of your assignment is to write a term paper, in which you will be asked to perform an in-depth study of a current issue from the field of International Economics. Formal requirements All the material turned in at any stage has to be typed. The final paper should be at least 12 pages long (Times New Roman, font size 12, a line-and-a-half spacing, one inch margins). While I want you to adhere to these guidelines, please keep in mind that the contents of your work will matter much more than its volume. Due to the unusually large class size, work on term papers will be done in teams of three students. I am leaving the task of forming the teams to you. The only constraint is that a team cannot consist of only international students. Upon completion of the project, you will be asked to assess the contribution of each member of your team, including yourself Work on the project is to be done in several phases, described below in more detail. Every deadline listed below is strictly enforced (except the cases when I officially amend it). In order to help ensure the timely completion of the intermediate project phases, they will be rewarded by points in the Homework category. The exact number of points will be announced later. If you miss a deadline, you are still required to turn your work in, but some points will be deducted. If I find that the material submitted...

Words: 1584 - Pages: 7

Premium Essay

Historical Materialism

...TermPaperWarehouse.com - Free Term Papers, Essays and Research Documents The Research Paper Factory JoinSearchBrowseSaved Papers Home Page » Other Topics Historical Materialism In: Other Topics Historical Materialism INTRODUCTION "In the Marxian view, human history is like a river. From any given vantage point, a river looks much the same day after day. But actually it is constantly flowing and changing, crumbling its banks, widening and deepening its channel. The water seen one day is never the same as that seen the next. Some of it is constantly being evaporated and drawn up, to return as rain. From year to year these changes may be scarcely perceptible. But one day, when the banks are thoroughly weakened and the rains long and heavy, the river floods, bursts its banks, and may take a new course. This represents the dialectical part of Marx’s famous theory of dialectical (or historical) materialism." Historical materialism is a methodological approach to the study of society, economics, and history first articulated by Karl Marx (1818–1883) as the materialist conception of history. It is a theory of socioeconomic development according to which changes in material conditions (technology and productive capacity) are the primary influence on how society and the economy are organised. Historical materialism looks for the causes of developments and changes in human society in the means by which humans collectively produce the necessities of life. Social classes...

Words: 449 - Pages: 2

Premium Essay

Mark Setterfield: a Model of Institutional Hysterisis

...Setterfield, M. (1993). A Model of Institutional Hysteresis. Journal of Economic Issues, Vol. 27, No. 3 (Sep., 1993), pp. 755-774. Available online at: http://www.jstor.org/stable/4226717 Institutions institutions are important for the functioning of capitalism as well as dynamics of capitalism affects the nature of institutions institutions in the context of capitalist economy can be defined as any correlated behaviour of agents that reoccurs under the same or similar conditions or simply as a well-established arrangements and structures that are part of the culture or society within which individual action in the economy takes place (e.g., competitive markets, the banking system, kids' allowances, customary tipping etc.) Institutional Economics Old and New we can observe significant disagreement that exists between different school of thought – this conflict of opinons may be illustrated by the contrast between two highly influential methodologies in institutional analysis, what may be referred to as “old" institutional economics (OIE) and the neoclassical “new" institutional economics (NIE) OIE OIE (such as Common, Veblen, Ayres) explains institutions by means of historical analysis using holistic methodology which emphasises that the economy cannot be understood as a set of separable parts and the system and its properties should be viewed as wholes, not as collections of parts for instance, in the OIE, the behavior of individual agents in the economy is seen as...

Words: 1316 - Pages: 6

Free Essay

Prospectus

... Greece is important to Philosophy because many great thinkers such as Pythagoras and Socrates were “Greek” thinkers. So more or less, I chose Greece for a personal educational gain rather than just some random society to write a research paper on. World historians and readers alike should be interested in this research because from Greece came the father of Western Philosophy, which is the backbone of what is taught in Western academia and really had a huge impact to the world, as we know it. With Philosophy comes questions, with questions come many great answers that impact societies and even the earth. I want to study how Greece’s political economy impacted philosophic thinkers and people alike. In order to help readers understand whether or not outside forces like society’s political economy impacts deeper thinking like philosophy I will dive deep into Athenian Democracy, documents certain philosophers wrote in the day and time in which they lived, and even look into some other people of the time who had strong opinions on what exactly was going on them. Philosophy impacted more than most people think and I am sure in my research I will be able to back that up with primary sources to prove my argument. In writing this research paper I will be exploring the political economy of Classical Greece between 510 – 323 BCE. In addition, the geographic region I will be diving into will be Athens, Greece. I chose this mainly to enlighten myself (and hopefully the readers) on Athenian...

Words: 954 - Pages: 4

Premium Essay

Economic History and Health Care Funding

...Economic History and Health Care Funding Christina Bacon HCS 440 Economics: The Financing of Healthcare BSCS13JR00 University of Phoenix Online Geoffrey J. Suszkowski, Ph.D., LFHIMSS June 5, 2012 Economic History and Health Care Funding When writing this paper, the subjects covered will be the history of economics and how the economy and health care funding have changed and how the two go hand in hand in today’s society. Where the money will come from to fund health care services such as; Medicaid/Medicare, HMO’s, how hospitals and nursing homes get paid for taking care of people, going to the doctor’s office, or going to the hospital. How the elderly pay to have home health services come in and provide care in their homes. All these things will be covered in this paper. Economic History and Health Care Funding What is economic history and health care funding? Economic history is the way people dealt with supply and demand, cost of production of a product, the levels of income and distribution of wealth, the structure of overseas trade, and the volume and direction of investment, (Adelman, 1985). Health care funding, is the way people would pay for their health care, because in the early years, there was no Medicaid/Medicare, or HMO’s to help pay for health care. The government did not fund health care then like health care is funded now, through government programs such as Medicaid/Medicare, HMO, health insurance, etc. People paid for health care by paying...

Words: 1150 - Pages: 5