...Funding the Rising Cost of U.S. Health Care. BY Vilando. HSA500 November 15, 2015 Funding the Rising Cost of U.S. Health Care. The United States continues to spend significantly more on health care than any country in the world, however, even though with this statistics the U.S has a lot of uninsured and does not have the healthiest citizens. In this paper, opinions will be given on the rising cost of overall’s health care’s impact in the U.S economy, followed by a comparising and contrasting factors impacted by the new health care act, pros and cons of using the private insurance rather than using the new health care reforms and the cost associated with its implementation and access to different groups will also be discussed. Rising Cost of Health Care The cost of the U.S health care system is higher than any country in the world. Its efficiency is also under serious scrutiny. If it was not an emergency, most physicians would require insurance verification. Therefore patients will be delayed of treatment. Moreover, the health care system in the U.S should be redesigned in terms of prevention rather than treatment with people who are already sick. Insurance should not go higher for people that have pre-existing conditions or with more health risk. Also the emergence and new discoveries in the field of...
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...for effective, affordable and accessible health care coverage and services. Within the past thirty to forty years, the scope and cost of health care coverage and services has drastically changed, altering the manner in which health care was previously managed. There are several factors that have affected the cost of health care coverage over the course of the past two to three decades. One of these factors is the introduction and rapidly increasing enrollment in managed health care insurance plans. Managed care health insurance plans can, in most cases, help to alleviate the rising costs of effective medical coverage. Another important factor that has affected health care costs is the invention and implementation of new medical technologies. As prominent researchers and economic analysts have discovered, there is a distinct and direct correlat! ion between advancing medical technologies and rising health care costs. Medical innovation has been proven time and again to be an important determinant of health care cost growth. It would appear that managed care health insurance plans, which attempt to lower health care costs, and highly expensive new medical innovations and procedures are at cross purposes, pulling against one another in very different directions. Market-level comparisons have found the cost growth of health care in markets with greater managed care penetration to be generally slower than that of non-managed care health...
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...Technology in Rising Health Care Costs. What should or shouldn’t be done. Neha Para, MPH Student 5453-001 US Health Care System University of Oklahoma Health Sciences Center December 8, 2010 Abstract Health care costs are a longstanding concern to policymakers. For years, health care spending has been rising faster than the rate of economic growth, raising the question of what factors are responsible for rising health care costs. This paper explores published articles that report results from research conducted on technological innovations in health care and its relation to rising health care costs. The cost increases have a significant effect on households, businesses, and government programs. Health care experts indicates the development and diffusion of medical technology as primary factors in explaining the persistent difference between health spending and overall economic growth, with some arguing that new medical technology may account for about one-half or more of real long-term spending growth. Rising health care expenditures lead to the question of whether we are getting value for the money we spend. On an average, increases in medical spending as a result of advances in medical care have provided reasonable value. An alternative viewpoint holds that although new technologies represent medical advances, they are prone to overuse and thereby excess cost. Most of the suggestions to slow the growth in new medical technology in the U.S. focus on cost-effectiveness...
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...Principles of Economics Kenneth Price Professor Sergio A. Hernandez Strayer University ECO 100, 113PA037-1132-001 January 26th, 2013 How would an economist approach the problem of alcohol abuse? According to David H. Jernigan, PhD of the Johns Hopkins Bloomberg School of Public Health, alcohol abuse presents a significant public health problem and raising the tax on alcohol would have the most significant impact to decrease alcohol consumption. Excessive alcohol use causes 79,000 deaths per year and it is the number one leading cause of drug problems among youths. Jernigan writes “People increase their drinking when prices are lowered and increase their consumption when prices rise”. He further states “Alcohol demand is elastic: In the U.S., a 10% increase in the price of alcohol would lead to a 7.4% drop in beer consumption, a 4.9% drop in wine consumption and a 14.7% drop in distilled spirits consumption (Jernigan, D.H. nd). Operating on the assumption that people use their disposable income to consume alcohol, Jernigan concludes that the more expensive the price of alcohol, the less people will be able to afford and this includes people addicted to it and young people. He is most likely correct in his assumption as it conforms to the principles of supply and demand. When prices rise, demand drops. It is interesting to note that Jernigan predicts only a 4.9% decrease in the consumption of wine. One can surmise that the typical wine aficionado has more disposable income...
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...Demographic Paper In the following, the author was designated by the senior management team at a community hospital to write a summary on the effects of changes in population demographics on the needs and services for a selected population. The author must identify the population on which the case study will focus on the aging population, patients with a particular chronic disease, children, patients with AIDS, patients requiring long-term care, or emergency management. The author must identify the targeted population, gather data about the population demographics, and describe the general impact that changing demographics may have on the health care market. The author will discuss why and how the changes in demographics will affect health care. Two health care related challenges identified for the population is chosen. The author will also describe how a chronic disease wellness program may affect the costs for this demographic. In conclusion, the author will discuss the marketing needs or services needed for this population as well as how the chosen population can address these challenges. The population demographics that the author has chosen to write a summary on is the influence of illegal immigrations on emergency health care. Immigration reform is one of the most forming or expressing division or issues opposing the United States policymakers. The increase in the number of illegal immigrants in the United States over the last 10 years has led to conflict about the influence of...
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...Costs Of Healthcare Christine Amargo HCA305 The U.S. Health Care System Sherry Grover June 9, 2014 Everyone wants to have access to health care and in order to access it they need insurance, but unfortunately not everyone can afford health insurance. The United States spends more money on health care than any other country, but raise the cost of health insurance to the citizens. Health care should be affordable if the government is willing to spend as much money as they are on it. Health insurance should be able to affordable to all classes lower, middle, and higher. The citizens of the United States has the right to know why their insurances cost are going up and if they are going to get more bang for their buck. The reason why healthcare cost is rising each year is because no one is managing the spending. Money is being spent between all accounts of healthcare and shared amongst each other. There needs to be a line where companies stop spending and try to manage the money they have if they don’t the cost of healthcare will just keep rising. The primary issues of healthcare cost are access to healthcare, and affordability of healthcare. The United States health care spending has been growing rapidly for many years, but many citizens are without appropriate health care. This is affecting the two governments major health insurance Medicaid and Medicare and the private insurance companies. As the health care spending rises, the citizens will be faced with difficult choices...
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...the United States has change in many different ways during the last century. It has evolved from a system which lacked technology and knowledge of medical science, to a nation full of the vast wealth of medical technology and how it applies to its community. Due to the rapid growth, health care has become a significant force “The nation’s health care system has increasingly moved to center stage, drawing the attention of many Americans and our nation’s politicians.” (Torrens & Williams, 2009) With all of this attention and government interaction, it is no wonder why our nation strives to improve and rationalize the health care system. While there are many aspects to discuss in terms of improvement, this paper will attempt to explain how health care is affected by behaviors, economics, and social structure. Also, it will discuss the three stages of medical technology, major trends in population demographics, as well as the most important trends in mortality over the past century. Behavior, Economics, and Social Structure The behavior or involvement of the public, economics and social structure are three aspects that greatly affect the health care system in the U.S. Behaviors or individual involvement of the nation has significantly impacted the health care system of the past as well as present day. Health care and medical science during the early stages of the health care development can be best described as hands on; people were basically responsible for their own...
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...the United States has change in many different ways during the last century. It has evolved from a system which lacked technology and knowledge of medical science, to a nation full of the vast wealth of medical technology and how it applies to its community. Due to the rapid growth, health care has become a significant force “The nation’s health care system has increasingly moved to center stage, drawing the attention of many Americans and our nation’s politicians.” (Torrens & Williams, 2009) With all of this attention and government interaction, it is no wonder why our nation strives to improve and rationalize the health care system. While there are many aspects to discuss in terms of improvement, this paper will attempt to explain how health care is affected by behaviors, economics, and social structure. Also, it will discuss the three stages of medical technology, major trends in population demographics, as well as the most important trends in mortality over the past century. Behavior, Economics, and Social Structure The behavior or involvement of the public, economics and social structure are three aspects that greatly affect the health care system in the U.S. Behaviors or individual involvement of the nation has significantly impacted the health care system of the past as well as present day. Health care and medical science during the early stages of the health care development can be best described as hands on; people were basically responsible for their own health...
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...and Population Growth on Health Care Costs. This study was called Data Watch and the purpose of this was to determine the link between the rising personal health care costs and the population growth as well as the aging of the population. The results were recorded from 1975 until 1990 and then projected for the years 1990 through 2005. Some of the findings were as follows: “All of the calculations described assume that the relative expense of treating each age group, observed in 1987, will remain constant over time. In fact, as noted earlier, historical data for 1977 and 1987 suggest that there have been small changes in the relative expense of the care rendered to each age group. Comparison of the relative levels of spending in each age group between 1977 and 1987 illustrates that spending on those age sixty-five and older seemed to grow more rapidly than overall health spending in both the physician and hospital sectors. Spending on those under age nineteen also appeared to grow more rapidly than total spending in the hospital sector and less rapidly than total spending in the physician sector; spending on those ages nineteen to sixty-four appeared to grow more slowly than overall health spending. These changes probably can be explained by the ongoing development of new medical technology and the disproportionately heavy use of new advances among the elderly and newborns. If technological advances continue to selectively increase the cost of caring for the elderly...
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...Lubin University of Phoenix Lori Lewellen MBAJOGZL57 April 27, 2009 Quality Healthcare Introduction It will be evident to realize that financial, educational, and socio – demographic implications can bring serious impact on access to quality healthcare in the organization. Labor shortage will stay an important component that can affect as well the access to quality care. Socio – demographic changes linked with chronic illnesses can have an effect on the aging population, which may reduce the quality of life, increase costs for healthcare and rise resource allocation. In point of fact, both labor shortage and socio – demographic changes are exactingly dominant in the admittance to quality care in the United States. Besides, the demand for registered nurses and changes in science is already exceeding supply in U.S. nation, including more implications associated with other ethical dilemmas. Healthcare Labor Shortage People have to realize that progresses in medical technology, increasing expenses and market forces provide to the financial decline of many rural healthcare organizations. In reality, small rural healthcare suppliers, particularly hospitals, cannot meet the costs of the equipment and practitioners needed to treat the range of modern syndrome and injury. In fact, coronary bypass surgery, complex trauma care, artery repair, and other compound procedures will call for enthusiastic...
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...Pharmaceutical Industry. Date : 10 March 2012 Programme : BTECH-MANAGEMENT IV Question 1 Identify the main environmental forces currently affecting the global pharmaceutical industry? PESTEL analysis of the global pharmaceutical industry: Political * Governments set stringent regulation and is a powerful purchaser. * Governments around the world focus on pharmaceuticals as a politically easy target in their efforts to control rising health care expenditure. * Inter-country pricing disparities. Economic * European free trade agreements. * Deregulation of market to allow foreign drugs to compete. Social * Ageing population puts pressure on healthcare systems. * Epidemic of chronic diseases. * Rising consumer expectations. * Payers choosing generic drugs for first-line treatment of common ailments. Technological * Increase productivity, decrease costs and develop new treatment modalities to enhance profitability. * Impact of Internet on traditional business models. * Impact of genetic research on industry. Environmental * Industry operations are becoming more stringent with increasing standards and requirements for environmental protection. Legal * Rigorous regulatory scrutiny governed by legislation. * Legislation enacted to set a fixed period on patent expiry. Question 2 Use scenario planning techniques to consider the various environmental influences which may affect the global pharmaceutical...
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...offering free healthcare to all residents. The system differs greatly from the more market driven and private healthcare structure of the US. Because of the provision of free healthcare, the vast majority of people in Britain use public healthcare as opposed to the expensive private alternative. However, this does not mean that public healthcare in the UK is superior to other countries as the government struggles constantly with the cost of maintaining the NHS. This leads to a number of cost cutting initiatives, rationing and an inability to purchase the most expensive and advanced medical equipment. The British government also suffers with such problems as bed blocking as hospitals are over subscribed with patients, which leads to increased waiting times for ill people. These problems occur far less in private healthcare sector in the UK, which is of a high level, but it is difficult for the majority to afford. An acute illness is one, which begins and progresses rapidly such as a cold or flu. The person is fine one moment and in urgent need of medical help the next. The opposite of this is chronic illness, which is a disease or disorder of slow progression and long duration such as HIV or cancer. By distinguishing between chronic illnesses and acute illnesses the inequalities between public and private healthcare are made much clearer. Chronic diseases have been described as ‘crushing the NHS’. Our National Healthcare system is much more attuned...
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...Health Care Research With today's rapidly changing and technological advancement in the healthcare industry, it is necessary for healthcare facilities to stay informed and implement new changes in administrative and clinical procedures, and obtaining the most up to date equipment. This can be obtained through un depth research of innovative medical technology and practices, as well as researching the needs and wants of patients and people in general. This will ensure that the best care will be provided for patients and increase business functionality. Innovation Research and Implementation An area that is changing in healthcare administration is the storage and processing of medical records and patient data. Quantitive research design was used to gather data. The objective of this research was to find a global perspective regarding HDR on how this system assisted healthcare needs of both the patients and healthcare professionals. Through this research solutions were found that would allow better and more affordable healthcare services, and future insight to how medical devices would change over time. In the past, records including charts and personal information were paper files placed in folders and stored in cabinets in the medical records department or hospital libraries. Today, many facilties are now using electronic or digital records that is stored. In the article strategic research was done to find the most efficient, cost effective, and overall beneficial record...
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...of why we are moving, and what it means for them. (6) Probable audience reaction - Unfavorable, since the move would increase travel time for clients living near the current location. III. Medium: Written. Most feasible medium in this scenario. IV. Main idea: Question-and-answer chain (what?, why?, when?, who/what does it affect/impact?, what are the benefits?) (I) What? (Move to a new office 20 miles away from the current one) (II) Why? (A - Existing building not equipped to accommodate changing medical practice requirements. B – Bear’s population quickly declining while Newark’s population rising. C – Most physicians live in Newark and have to commute to both the clinic and the associated hospital in Newark – long distances.) (III) When? (Next month) – Not determined in the scenario. (IV) Who does it affect? (The entire clientele of the clinic, physicians who serve both the clinic as well as the hospital.) (V) Benefits? (A- New building equipped to meet changing medical practice requirements....
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...health care technology and determine how that access (or lack thereof) impacts your community economically. The use of modern technology in the healthcare field is seen to have grown rapidly over the years. Many hospitals and health care providers are embracing new innovations of technology in healthcare. Technologies in healthcare have provided clinical benefits such as prolonged life and improvement in the quality of life. There is an increased access to health care technology in my community today than it had been in previous years and this also has led to increased health care utilization, making it difficult for people to make choices on healthcare or other priorities such as subsistence like food, shelter and others to choose from. Technology is expanding every day and healthcare systems are utilizing new services which will make health care cost continue to be on the rise. An example of technology used in the healthcare field today is the Magnetic Resonance Imaging machine also called the MRI. This is a very important medical procedure that physicians have adopted and allows them get in depths look at what is happening in a patient’s body. This helps healthcare providers find the source of an illness or pain and also helps in determining a plan of treatment for such patient. The average cost of the MRI procedure is $3,500 depending upon which MRI procedure is performed. With the increasing cost of technology, people who can afford this are going for it because of its...
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