Premium Essay

Pros And Cons Of Cost Sharing

Submitted By
Words 299
Pages 2
Cost sharing according to studies is “The share that is not paid by the insurer is the patients “co –insurance” amount and is borne by the individual”(1) meaning that the leftover amount of money owed to the hospital is to be paid out of the pocket of the patient. The cost share varies among the care plans and it excludes Medicaid. Cost sharing includes deductibles, co insurance, and co payments. Co payments and cost sharing have yet been another controversy that has spread out to those that have been informed and not educated about the purposes. It has been noted that making people pay out of pocket increases the probability of them not going to hospitals because of the fear of having high payments. Co payments create a fear in patients and

Similar Documents

Free Essay

Online Conferencing

...Introduction Comparison Pros and Cons Case Study Conclusion Online conferencing replace traditional communication method Introduction Traditional communication method, history. Online conferencing today Roles in different stage to society, organization, personal and business. Comparison Traditional communication method Online Conferencing product, function, application. Changing to society and organization Online conferencing replace traditional communication method Pro and Cons Analysis pros and cons between traditional communication method and new online conferencing New technology to market Benefits Advantage & disadvantage Case Study Skype Go-to-meeting Conclusion Life behavior changing by new technology New technology and service expecting to market! Introduction Traditional communication method Face to face Tele-audio Simplest way - Telephone, 2 parties only Conference call – One way + multiple parties Three-way calling Tele-video Mobile links to satellites using specially equipped trucks Online conference What is online conference? Online means “Connected to a computer and internet, we called this as “Web Conference” History 1980 Online chat service by CompuServe Early 1980s Electronic Meeting System as university and research projects Late 1980s Ancestor of modern Electronic Meeting System “Group System” at 1989. 1992 Popular online video-conferencing tool CU-SeeMe first...

Words: 801 - Pages: 4

Premium Essay

Swissair

...generated revenues from third-party service. Regarding its cost structure, it faced high operating costs from labor cost, and fuel cost. 2. Motivations for Alliance Since EC passed the Single European Act in1985, it set European to a single trading zone. Therefore, EC carriers will have more opportunities and flexibility compared to non-EC members. To fit it this new competitive environment, Swissair made some revolution and consider pursuing Alliances with carriers from European, American and Asian. 3. Partner Selection Potential partner were examined relative to a checklist of 85 strengths and weaknesses, including technical capabilities- both maintenance and CRS/yield management, marketing opportunities, commercial strengths, financial capabilities, the complementary fleet and route structures, and reputation of quality. Finally, Swissair signed agreements with Delta, SAS, and Singapore Airlines. a. Delta Airlines Delta was one of the pioneers of the domestic U.S. Company and they flew most to domestic destinations. As Delta has already filled out its domestic route structure, this company would like to start to build an international route structure. Pros:  Codes and sharing partner  Link their CRSs to enlarge scheduling capabilities  Swissair can create the most connection possible  Coordinate technical operation, examining of overlap in their repair and maintenance functions. Cons:...

Words: 494 - Pages: 2

Free Essay

Business Report

...or tasks. Appleby Consulting will be offering online courses to familiarize employees with the basics of instant messaging. The company will be deciding which instant messaging platform to use. This is to ensure that there are less interruptions, speedy feedback, and higher productivity. Seeing that Appleby Consulting has 35 employees to become users of this platform, it will involve more expenses, but these expenses will be balanced out by the increased productivity that will take place due instant messaging’s capabilities in the office. The options include HipChat, Campfire, and Brosix. The company will be looking into costs associated, the amount of user-friendly content, and the compatibility with company-used internet domains. There are numerous pros and also numerous cons that are accompanied with instant messaging. However, the pros far outweigh the cons. Should Appleby Consulting Take Part in Instant Messaging? Appleby Consulting has always used email to communicate through the office among colleagues. This form of internal communication has proved to work well with our needs. Our ever-changing society is demanding of businesses in terms of technology. Our office needs to be able to communicate in a more time efficient manner that...

Words: 2074 - Pages: 9

Premium Essay

Hsa500 Business Paper

...obesity and stress. Rising disease prevalence and new medical treatments account for nearly two-thirds of the rise in spending. To be effective, reforms should focus on health promotion, public health interventions, and the cost-effective use of medical care. Disease prevention/health promotion approaches are key to slowing the rise in health care spending (Thorpe, Kenneth 2014). Over the past five years the cost of health insurance has risen 54 percent. This persistent rise has recently been attributed to the low out-of-pocket costs paid by consumers. Being oblivious to not knowing the full costs associated with health care, consumers demand more and “overuse” it (moral hazard). The growth in spending has also been linked to the rising use of prescription drugs and new medical innovations and treatments. Many others believe the rise can be traced to the lack of competition in the health care marketplace and have proposed new approaches for health plans to compete on price and outcomes. Economists thinking about rising health care spending note that there are only two approaches for slowing its growth: reduce spending on high-cost medical care that produces no benefits, and reduce spending on high-cost care that yields some health benefits but at even higher costs. Along these lines, some have proposed that we need to “ration rationally” to slow spending growth. Although this may be true, this...

Words: 1133 - Pages: 5

Premium Essay

Barilla

...Executive Summary Demand fluctuations have created a huge burden on the company’s manufacturing and distribution system. This burden has also impacted company profitability. In order to continue as a leader in the pasta industry we need to look at our operations and improve our delivery and forecasts to meet these demand fluctuations. The overall demand for pasta is flat, and we should be able to accommodate for this within our supply chain. In order to assist and help deal with these fluctuations I recommend that we implement Just in Time Distribution (JITD) which will assist in lowering our overall inventory levels within the chain and assist us in managing demand, and improve overall company profitability. In order to implement JITD, we require management support in order for this to be successful.   Issue Identification Barilla is currently being faced with a decision on where they need to go in respects with just-in-time-distribution (JITD). They need to look at whether this type of program is feasible in their environment and if it makes sense to continue with a JITD system. In order to look at these decisions we need to review some of the issues that JITD system was intended to overcome. Some of the issues that JITD was introduced to overcome are: 1. Demand Fluctuations – There is a high standard deviation of demand on the Barilla Dry products from week to week. (Exhibit 1) 2. Managing the Distribution System – The distribution system along the Barilla supply...

Words: 2394 - Pages: 10

Premium Essay

Fuctional Divisional and Matrix Organization

...and mash all units’ efforts. Pros: Simplicity - Focus on a single product or service. Stablity - Business strategies are less inclined to need changes or updating. Specialization - Employees grow within one specified field so that they can perfom well. Also, specialized units report only to a single authority, which is different from Matrix Organization Cons: Communication - Does not encourage interdivisional cooperation and knowledge sharing - It takes time to materialize every decision. - All of them are so distinct from each other’s viewpoint. - Narrow and limited - Too much focus results in neglecting the bigger picture and work efficiently towards a common goal. Divisional Organization : Divide the organization according to the type of work, region, or product. This structure divides the employees based on the product/customer segment or geographical location. Pros : - Allows flexible and quick response to environmental changes and it also enhances innovation and different strategies. - Multiple Choice of product to fulfill the manufacture line and also the need from market - No need to rely heavily on the parent company or top management of the company. - Workers with similar talents and abilities can cooperate, have easier to access to company resources due to management being familiar with workers’ needs. Cons : - HR or Finance and marketing...

Words: 549 - Pages: 3

Premium Essay

Foreign Market Entry

...(M&A) 2 Exporting •  Advantages –  Avoids the substantial costs of establishing operations in the host country –  Achieve experience curve and location economies •  Disadvantages –  High transportation costs, esp. for bulk products –  Tariffs –  Divided loyalties of local agents 3 Licensing •  An arrangement whereby a licensor grants the rights to intangible property to another entity (the licensee) for a specific period, in return, the licensor receives a royalty fee from the licensee. •  Intangible property: patents, inventions, formulas, processes, designs, copyrights, and trademarks •  Advantages –  Licensing firm does not need to bear the development costs and risks –  Make use of intangible property that a firm possesses that they do not want to develop itself 4 •  Disadvantages –  Does not give a firm tight control –  Limits a firm’s ability to coordinate strategic moves across countries –  Difficult to control its technological know-how— Opportunistic Behaviour of Licensee 5 Franchising •  Similar to licensing, but franchising involves longer term commitment and insisting strict rules on licensees •  Franchiser assists franchisee to run the business on an on-going basis. •  Franchiser receives royalty payment, which amounts to some percentage of the franchisee’s revenues 6 •  Advantages –  Relieved of many costs and risks –  Bearing of costs and risk gives incentive to franchisee to build profitable operations ...

Words: 456 - Pages: 2

Premium Essay

Firework Proposal

...at Acme Fireworks, which was started two years ago in the owner’s garage. Since then its business has expanded. I am the manager of 15 employees. We sell fireworks and we also do aerial or ground firework displays. I will be discussing the Acme Fireworks Company, pros and cons, and the owner’s choice to change entity of dealing with fireworks. I. Acme Fireworks Company A. Visit and evaluate fireworks companies * Contracts * Inquiries from several large businesses B. Visit and evaluate fireworks websites * Look for different reasons for use * Note important statistics * Death ratio, how many deaths were due to fireworks? * The cost of protection such as, insurance in case of damages II. Pros and cons A. Write pros of this activity * Children * Adults celebrating an event B. Write cons for non-use of this activity * Volunteer workers that are not experience * Preparing the sites around the public III. The owner’s choice to change entity A. List reason for change * Pros * Cons B. List problems in work experience * Hiring new partners who claim to be experience * Hiring new employees who claim to be knowledgeable C. Final decision-making * Partnership percentage and sharing money problems * The liabilities to share responsibilities In my conclusion I know how everyone enjoys fireworks as an entertainment for special events. Fireworks became increasingly popular first to commemorate military victories and later to enhance public...

Words: 391 - Pages: 2

Premium Essay

Examples Of Power Conflict

...called power conflict. It occurs when each one wishes to maintain or maximize the amount of influence that it exerts in the relationship and the social setting such as in a decision making process. Situational Example: In the matrix type of organization in which I am currently in, there were circumstances that lead to conflicts. As a manager I am responsible for overall India site, engineering samples orders, to be placed to third party vendor in US, which has high cost attached to it being prototypes. Each individual...

Words: 1334 - Pages: 6

Premium Essay

5 Forces Spotify

...available on over 100 countries and available on Apple devices as well as Android or Windows operated gadgets. The fees charged are $9.99 for a single license or $14.99 for a family license. It does not have a free version, but offers three month trial. Pros: Playlists are made by experts, not algorithms. Apple Music users have access to new tracks and videos uploaded by artists themselves. Has Taylor Swift's blessing, after a reversal on royalty payments. Cons: The features are not wildly different or better than Spotifyàs or Rdio’s so it is hard to justify Jimmy Lovine’s (Apple music excecutive) service will be "revolutionary." But it could still use its clout to bring streaming to the masses. Thus increasing the degree of rivalry in the market to the detriment of overall profitability. Tidal Jay Z bought for $56 million in 2015 and the service is available in over 44 countries. It costs $9.99 a month for normal streaming and $19.99 a month for high-fidelity sound quality. It does not offer a free version and the trial period is a mere 30 days. In March 2016, Tidal announced it has over 3 million subscribers. Of those 3 million subscribers, 1.35 million are paying for Tidal's $19.99 Hi-Fi offering, according to Billboard Pros: Tidal bets exclusive tracks, videos and concerts can entice users, though analysts...

Words: 2446 - Pages: 10

Premium Essay

Lab1

...The pros and cons of a cellular network vs. a fixed line network. The pros of a cellular network include cost the phone companies charge more than what you'd pay for most alternatives, and some are taxed more as well. There are some locations where getting new wired phone service is expensive or even impossible. Long Distance and extra features like Call Waiting are normally included with alternative phones. More features on cellular and broadband phones normally include Long Distance, Voice Mail, Caller ID, Call Forwarding and more, usually at no additional charge. They also have Text Messaging and various forms of data service which are unavailable with a landline. Portability is another so if you move your home more than average your phone and your number can stay with you. There are no "installation" charges. Internet Access is another pro your wireless phone can also use with either with an internal browser or tethered to your computer, and available wherever there is cellular coverage. A few cons of the cellular network are safety if you need to call 911, public safety authorities won't automatically know where you are you'll have to tell them. Reliability is another wired telephone services have come as close to 100% reliable while cell networks aren’t and sometimes have bad signals. Their network has substantial power backup, redundant circuits and years to get it right. In an extended power outage, such as after a hurricane or snowstorm, the service may not work, leaving...

Words: 721 - Pages: 3

Premium Essay

Innovation Strategy

...1.Strategy for innovation Innovation: applications of new ideas to the products and processes that increase commercial values. Five techniques for innovating by using existing resources (inside the box): Subtraction: generating a new innovation by removing the existing components. Division: separate an object or service to multiple parts and rearrange the parts into something new. Multiplication: duplicate a current components and innovation by removing the existing components. Task unification: unifying unrelated functions or tasks. Attribute dependency: make previously independent attributes dependent on one another. Generating new ideas is easy, but making them into innovation is hardneed innovation strategy. Innovation strategy: long-term plan that improves firm’s innovation success rate. A good innovation strategy invests in innovation projects that align with company’s resources and capabilities and satisfy customers’ needs. Why important? It enables firm to introduce innovations to marketplace and thus remain competitive. It helps enhance the existing products and services so that improve customers’ utility. It improves the efficiency and output of the process of innovation. It helps to understand and manage the risk associated with innovation. 2.Inspiring innovation Internal sources of innovation * R&D: investment in basic researches (researches that advance knowledge) Investment in applied researches (researches for specific problem or...

Words: 1650 - Pages: 7

Premium Essay

The Positive And Negative Impacts Of Globalization In Trinidad And Tobago

...The three pros of the aforementioned statement include: 1.It encourages free trade - When a country is deprived of borders, they incur an unlimited variety of discounted consumer and industrialized goods and services. Intrinsically, fewer barriers, like tariffs, sales taxes, or subsidies are implemented since there isn’t a country to add borders ("22 Globalization Pros and Cons", 2017). For example, In Trinidad and Tobago, tariffs are now countless and theoretically possesses the preeminent market for imported consumer goods in CARICOM. It furthermore offers the local producers a final opportunity in the market. Though, it is a momentary measure, it enforces on the overseas producers to be economical, if they desire to recapture the CARICOM...

Words: 831 - Pages: 4

Free Essay

Fast Fashion Case Study

...Fashion is being made at a fast speed overseas in large quantities for very cheap. * Disposable clothing is being created quicker than they are being recycled. * The demand of synthetic textiles has doubled, Not only that the process in which the textiles are created is energy-intensive. * Textile waste is filling up landfills in large amounts. * Cotton is the most widely used fabric in the world. Growing cotton requires large amounts of harmful pesticides. * Chemicals used in growing highly demanded natural and synthetic fibers are classified as hazardous by the World Health organization. Step 3: 1.Government has involvement * Pros: * Regulations in forced * Possibility of success with wide sustainability knowledge * Reaches large amount on consumers * Cons * Negative feedback from the manufacturing companies * Prices of clothing may rise * Resources are More expensive 2.Brands share their best Eco-friendly practices and...

Words: 791 - Pages: 4

Premium Essay

Atlantic Computer

...Zink servers Decision to be made: * The management team needs to decide the pricing strategy for the Atlantic Bundle: Tronn&PESA Alternatives and Pros&Cons: Alternatives: | Pros: | Cons: | Result: | Status quo pricing | * Keep the tradition, which will offer the PESA for free * Two Tronn will be priced at $4,000 | * Lose the $2 million R&D cost on PESA * PESA will be viewed invaluable to the customers * Customers will then view no substantial difference between the Tronn and Zink servers | Not a good decision | Competition based pricing | * Two Tronn will be $6,800 since one Zink server is $1,700 and two Tronn is equivalent to four Zinks * Most Profit per unit | * Customers would view as getting less hardware with the same prices * Does not make the bundle a unique product | Not a good decision | Cost plus pricing | * Make the PESA valuable * Two Tronn will be priced at $4,492 in compare to $6,800 of Zinks' (See Exhibit One) | * Some customers may view it $1,092 more expensive than getting 2 Zink servers * Further justification from customers will be necessary * Less profit in compare to value-in-use pricing | Not- so-good decision | Value in use pricing | * Make the PESA valuable * Two Tronn at $6,400 (See Exhibit Two), which has more profit than cost-plus pricing * Customer will be able to...

Words: 752 - Pages: 4