...Economic Terms & Healthcare History Economic Terms & Healthcare History This paper will entail the history as well as the development of healthcare economics, and health care funding. The significance and how it affects the world today. I will address how the history and development of health care economics and the timeline of health care funding has changed over the past years in the United States. What is the Meaning of Evolution of Health Care Economics? Development of health care economics, it is a changing system within the United States. It has become multifaceted and in the past two decades, the upheaval in health care in is largely in lieu of rising health care cost. It is a discipline that deals with the conception, distribution, and all intakes of goods and services. Over the past years, it has dealt with pricing of products and the structure of the economy, as the price-cost relationship of a whole medical firm. It relates to an uncaring conversion, when a demand fails to increase or decrease in percentage to a decrease or increase in price. The adjustment involves the total health care market price of all the goods and services created within the form of a country during an identified time ("Gross domestic Product, " 2014). However, the evolution of health care economics deals with a broad and general aspect of an economy income and investments of the United States as a whole. The history and development of health care economics have...
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...Economics Terms and Health Care History Joshua A. Barron HCS/440 May 08, 2012 Larry Gonzales Economics Terms and Heath Care History To understand how Americans came into being with the current health care system in place today, it would behoove society to look where it began, where health care economics had its genesis, and how it evolved into the monster it is today. “The United States spends more on health care, both per capita and as a share of Gross Domestic Product (GDP), than any other country in the world. In 2009, spending on health care reached a record high $2.5 trillion, or 17.6 percent of U.S. GDP” (Center for U.S. Health System Reform, 2011, p. 1, Para 2). The health care industry is the dominating industry in the United States and it is currently controlling and dictating the lives of Americans across the nation. Many workers are weighing the facts of switching jobs because they may have to switch health care coverage, and with the high cost of health insurance many people are left out or cannot afford it. Patients complain about the care they receive and are eager to award their physician with a lawsuit. This paper will discuss the history and evolution of health care economics and the timeline of health care funding. History of Health Care Economics “Who will pay for the dramatic changes to health care. In the past it has been our experience, for most individuals to pay their medical bills with private funding...
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...July 2, 2013 2013 HCS 440 - Economics Aletha Ilene Lane Geoffrey Suszkowski Economic History and Health Care Funding July 2, 2013 2013 HCS 440 - Economics Aletha Ilene Lane Geoffrey Suszkowski Economic History and Health Care Funding This will address the history of health care funding. It will talk about the history and evolution of health care. It will also address a timeline of events for funding health care. Health care has change a lot since the 60s. Back in those days, people had to travel long distance to find health care and some died along the way. In today’s time, people are having a hard to paying for health care due to the change in technology. In the past, people had to pay for health care service with private funding. Today, people have private insurance to help pay for health care service. Physicians use to accept cotton, gain and livestock for medical service when people could not afford to pay. The government had to come up with ways to help people with medical services. By the 1960s, private health insurance was established. In 1958, most of the people had some form of coverage. During Eisenhower administrations of 1952-1960, there was no proposal for government sponsored health insurance. “They realized that the only way to enact government-sponsored health would be to do so incrementally and focus on the elderly” (Marmor 2000). After John F. Kennedy was elected the political was more favorable toward health insurance. The federal program...
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...Healthcare History Health Care History The United States health care system is currently getting ready to evolve tremendously through the organization, management structure, and payment structures. The economic component in health care is very important to understand in order to structure it successfully. This papers discusses the evolution of economics in the health care system and the structure of health care funding timeline. History and Evolution Health care economics presents an information framework were efficiency and equity goals are pursued. Furthermore, economics establishes a framework by maximizing benefits using resources at hand. Kenneth Arrow, the person responsible for mentioning the idea of health economics as a discipline, wrote an article titled “Uncertainty and the Welfare Economies of Medical Care” in 1963. The article discusses how the medical care industry benefits society compared to the “norm”. Furthermore, Mr. Arrow wrote about the significance of supply and demand. Arrow discussed that the average person has the characteristic of only seeking medical care when they are suffering from a critical injury or illness. Its not common for the average person to receive routine medical services on a regular basis. As Mr. Arrows discussed supply condition, he quoted “Entry to the health care profession is controlled by licensing. Licensing manages the supply which consequently increases the cost of medical care”. Medical care was...
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...Economic Terms and Health Care History LaTasha Frost HCS/440 February 25, 2014 Instructor Name William Byrd Jr. Economic Terms and Health Care History Before the 1900’s healthcare had a different perception, now in the twenty-first century healthcare is an everyday thing to Americans. Economics is the science that contracts with the distribution, the material welfare of humankind, production, or the ad consumption of goods and services. Even though there are many different reasons why healthcare economics have changed over the years, the most effective reason is health care finance and the supply and demand of care. This paper will discuss the evolution of health care economics, the history and timeline of health care funding. [pic] Doctors had more power and were paid better than before in the early part of the twentieth century. Associations, for example American Hospital Association (AHA) and American Medical Association (AMA), started in the late 1800s, developed sturdier. Work unions then employers began offering a variety of aids to workforces, with funded health care. National health insurance became connected with collectivism and the idea became disliked in the United States, which opened entries to protect the increasing costs of medicinal care for secretive health insurance. Blue Cross was recognized at the end of 1920s and it was the first large medical insurance company established back then. The 1930s saw an increasing number of health...
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...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...
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...Evolution of Healthcare Todd Harris 12/01/2013 HCS/440 John Branner In the following essay I am going to describe the history and evolution of health care economics and the timeline of health care funding. I will be goining back to the 1900s though the current day. And I will explain what historic events have shaped our current health care economy. During the early 1900s healthcare was focused on finding a cure on infectious disease and poor hygiene. Then there are the diseases caused by poor nutrition, there is the case of poor infant and maternal care. And being able to deal with all these diseases, with sub-par medical equipment. The early 1900s was a learning decade to really find out what actually works on certain diseases. By the mid 1900s healthcare made huge leaps and bounds. Starting with high tech equipment, to utilize for treatment. Better and stronger medication. And better trained doctors and staff to be able to deal with and major on minor medical emergency. In 1946 the public schools created a school health initiative to keep a healthier school environment. By trying to lower the amount of disease in children, by giving all children proper vaccinations. And also by giving kids health foods to avoid a high obesity rate among children. This is where a greater amount of funding was issued by the government to help bring healthcare to the top. The government had started to realize by the mid 1950s the importance of health care on the future...
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...Economic Terms and Health Care History HCS 440 December 19, 2011 Lori Geddes Economic Terms and Health Care History This summary will show the history and evolution of health care economics. The readers will also get a timeline of health care funding. Once you have read everything the summary shows you then you will have an insight to economical terms can help to understand the history and the timeline the terms are going to be: Economics, supply and demand, microeconomics, macroeconomics, elasticity, inelasticity, and gross domestic product. With these words this will show you about economics in the health care history. Once the American Medical Association (AMA) was founded healthcare was just getting off the ground with hospitals and doctors (American Medical Association, 2011). During this time doctors would see patients on a bartering system. The doctors at this time would make house calls and for the services they gave to the patients the patient at this time would give the doctor goods. The supply and demand at that time would be food, and anything that the people would not have. During this time they would pay with cooked meals, animals, things that they made, and their time such as working for the doctor however he wanted them to. During the time frame of 1901 to 1940’s healthcare and medicine took made great improvement. Medicine and hospitals became very important at this time. President Truman proposed a national health care plan, but it was shot out of...
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...Health Care History Timeline Using Economic Terms Chenelle J. Hunter Economics: The Financing of Health Care/HCS440 October 29, 2012 Professor John Branner Health Care History Timeline Using Economic Terms The health care sector is just as synonymous to economics as the business and financial sector of the economy. Early 1900s mark the beginning of organized medicine. The American Medical Association (AMA) gains influence and power as the nation’s organization of state and local associations (The Leonore Annenberg Institute for Civics, n.d.). This paper aims to convey a historic look at the evolution of health care and health care funding in the United States as well as historic events that shape the current health care economy. Promotion of the concept of health insurance dates as early as 1912. Social insurance, including health insurance receives public notice when Teddy Roosevelt and his Progressive Party promote the economic issue during his campaign. A draft bill published and promoted by the American Association for Labor Legislation comes against derailed efforts as World War I begins (The Leonore Annenberg Institute for Civics, n.d.). It is not until 1929 that a model for health insurance is surfaces. Baylor Hospital, located in Dallas, Texas, offers a local teachers union a prepaid hospital insurance program creating what becomes the nation’s first illustration of contemporary health insurance. Economics defines as the science that deals with the...
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... | | |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. • Instructor policies: This document is posted in the Course Materials forum. University policies are subject to change...
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...HISTORY AND EVOLUTION OF HEALTHCARE ECONOMICS AND THE TIMELINE OF HEALTHCARE FUNDING Stephanie Mclean University of Phoenix HCS/440 Health care economics has changed significantly over the course of history of the United States. Many think these changes are due to the evolutionary changes the US has undergone since its creation, the major contributing factors that influence the changes in health care economics are advances in technology and medical care. Other factors that have contributed to the growth of health care spending include increases in personal income and the growth of insurance coverage. The rapid advances in technology and pharmacology have contributed to rising health care costs. By comprehending the history of health care economics, and recognizing the flow of funds within the health care system, financial managers are able to be more prepared for the future. It is important to remember that the driving force behind health care economics is money, and it plays an significant role to the success of the health care industry. There are a number of factors responsible for rapidly rising health care costs. The demand of health care tends to rise as real family members’ income increases. In addition to the aging of the population, new treatments, technology, the growing numbers of uninsured and underinsured. In order to understand the health care industry, comprehending the history of health care as well as acknowledging the significant events that...
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...------------------------------------------------- Robot Assisted Surgery: The Evolution of the Surgeon and the Operating Room Abstract The art of surgery has evolved significantly from the times of shaman priests in ancient Egypt and bloodletting barbers of Medieval Europe. This evolution was assisted by the development of new tools that were created as the result of some advancement in technology. These new instruments permitted the surgeons of their day to unlock new possibilities and develop new techniques, each more sophisticated than the one before. Due to the sensitive nature of surgery, moral and ethical obligations were established early on and eventually formed the basis of “The Hippocratic Oath”, which is still relevant to the modern surgeon. We are now in a place in history where robots are being used to assist with surgical procedures that were once only conceivably done by human hands. This paper seeks to detail this evolution as well as describe current and future applications of robotics in the surgery and the ethical implications inherit with this technology. This report will also attempt to identify and discuss the complex legal, political, and cultural issues that have also evolved with this science. A review of the literature was undertaken using Medline. Articles describing the history and development of surgical robots were identified as were articles reporting data on applications. This most recent development in surgical advancement has infinite potential...
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...Mitigation and adaptation measures to HIV/AIDS in the Philippines Mitigation and adaptation measures to HIV/AIDS in the Philippines STS 1 - X GROUP 16 STS 1 - X GROUP 16 Mitigation and adaptation measures to HIV/AIDS in the Philippines ------------------------------------------------- Factolerin, M., Mantala, C.J., Bernardo, M.C., Villa, A., Navarro, A.J., Ausa, E., Obiña, M.L., Velarde, E., Bernabe, M., Lusanta, A., & Bolanos, J. I. Introduction Acquired immunodeficiency syndrome (AIDS) is a pattern of devastating infections caused by the human immunodeficiency virus (HIV) transmitted through the exchange of a variety of body fluids from infected individuals. It occurs in three ways: sexual transmission, exposure to infected blood or blood products, or perinatal transmission, which includes breastfeeding. The likelihood for transmission is affected by social, cultural, and environmental factors that differ between and within the various regions, countries, and continents. This virus attacks and destroys certain white blood cells that are essential to the body’s immune system (UNAIDS, 2000). When HIV infects a cell, it combines with that cell's genetic material and may lie inactive for years. Most people infected with HIV are still healthy and can live for years with no symptoms or only minor illnesses. They might be infected with HIV, but this does not necessarily mean that they have AIDS. HIV targets CD4+ lymphocytes that help recognize and destroy bacteria, viruses...
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...Drugs, Narcotics, and Options for Treatment Westwood College Chet J. Willer CJ321 – Drugs and Narcotics J. L. Gonzalez, M.A. - Faculty 16 JUL 2012_MP There is no doubt that America is one of the most sophisticated and advanced countries in the world. Evan as complex and civilized that we are, many of our citizens have succumbed to the evils that are associated with drugs. Drugs have been a part of the American story since Christopher Columbus first landed in the New World and the Natives offered him a gift. It was the gift of tobacco, which would go on to become one of the most commonly used drugs throughout our history. (Shmoop Editorial Team, 2008) Drugs are a major problem in American life; however this is not necessarily a new problem. What constitutes a new problem in relation to drugs is the advancements in technologies which chemically create new drugs and modify existing ones. Drugs and the elements which surround them engulf and suffocate millions throughout the world in financial greed, criminal behavior, and uncontrollable addictions. These elements all too often lead to unrecoverable financial debts, instabilities in relationships, incarceration, and death. Many laws have been enacted as a result of the adverse actions and incidents related to drugs. These laws highly regulate the manufacturing of, use, possession, and distribution of drugs. Additionally, there have been strong efforts in attempting to treat those who have been victimized by the...
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...| Compensation Does one size fit all? Compensation Does one size fit all? Due date: 6 November 2013 Leadership & People: Tutor: XXX Prepared by: Stephanie Gartrell Student ID: XXX Due date: 6 November 2013 Leadership & People: Tutor: XXX Prepared by: Stephanie Gartrell Student ID: XXX Executive Summary Designing and implementing a compensation package that rewards all staff according to performance, and succeeds in appealing to their individual motivations is an enormous challenge for any organisation. Some find it easier to simply pay a percentage increase to all staff, irrespective of their performance. A literature review was undertaken to determine both the current and historical views of performance management. A vast amount of material has been written in journal articles and textbooks. All point to the complexity of the issue and the apparent inability to find a solution that will suit all. For the last 100 years, HR specialists, psychologists and economists have been collaborating to try and develop a system which would have broad appeal for both staff and employers. Many theorists contributed to the discussions, asserting that individual motivations for pay were based on the theory of agency, goal, control, expectancy, or reinforcement. Performance management systems are necessary to enable companies to enable them to attract, retain and...
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