...Abstract Whether you are an economists or the average consumer, Health Care costs and spending seems to always be a hot topic. From my initial research I found that Health Care costs are steadily rising both in the private and public sectors. From what I have read I believe some sort of Health Care reform is required. There are vast numbers of people suffering and even dying because the cost of Health Care is too expensive. Unfortunately people skip doctor appointments and ignore ailments, just because they cannot afford it and it some cases people are paying the ultimate price. I’d like to look a little deeper into the Pros and Cons of Private and Public Healthcare and delve a little into some of the Health Care reform Bills that are in play or will be implemented in the near future. Specifically I want to look at Obamacare, as I hear it in the news, but do not know what impacts it has to the economy, good or bad. List of Figures Figure 1 6 Figure 2 6 Figure 3 7 Figure 4 7 Health Care Reform In recent years, a fair amount of attention has been geared towards Health Care. There has been a number of Economists that have voiced concern that rising health care spending could hurt the economy and lower employment. A December 2004 survey of CEOs found that employee health care costs are the greatest cost concern of America’s business leaders. (via aspe.hhs.gov). Due to the ever rising cost of healthcare, I found that approximately 53 Million...
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...Comparing and Contrasting the U.S. Health Care System By Evelyn D. Bang October 17, 2010 Abstract Comparing and contrasting the U.S. health care system with that of other countries is not an easy task. There is a great deal of information that is not only organized in a number of different ways but also it is used to measure extensive and deviating factors. The conclusion will often depend on what is believed and which factors are the most important to the individuals performing the comparison and contrast of the different health care systems. However, the U.S. is presently considering a number of propositions in reforming its health care system and very often Canada is referred to as a potential model. Likewise, Canada at times looks to the U.S. for methods to improve its system. As a result, the pursuit for improvement in both health care systems has led to plentiful but compatible and incompatible documentation about the relative merits of the two systems (Madore 1992, para. 1). Comparing and Contrasting the U.S. Health Care System A healthcare system can be reviewed by many standards. It can be reviewed by its effectiveness and efficiency, its fairness and receptiveness to the expectations of its population. It can be reviewed through its non-discriminatory economic contributions and suitability and lastly, it can be reviewed through its population’s overall health. Comparing and contrasting the U.S and Canadian. Health care systems Both the Unites States...
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...American National Government December 10, 2012 Obamacare In an attempt to create a solution to health care, President Barrack Obama came up with a universal healthcare program called the Patient Protection and Affordable Health Care Act, also known as Obamacare. Obamacare was signed into law on March, 2010. It has been the most significant repair to the United States healthcare since Medicare and Medicaid passed in 1965. In this paper, the key points that will be discussed are obamacare policy, it pros and cons, if it raises any issues with federalism and the policys effectiveness. Obamacare is aimed at helping the underinsured to gain insurance. With this plan everyone would have health insurance regardless of income, or anything that would stop the person from attaining health insurance. The Affordable Care Act is a watershed in U.S. public health policy. Through a series of extensions of, and revisions to, the multiple laws that together comprise the federal legal framework for the U.S. health-care system, the Act established the basic legal protections that until now have been absent: a near-universal guarantee of access to affordable health insurance coverage, from birth through retirement.(Rosenbaum, 2010) Obamacare is a name used by critics of President Obamas efforts to reform health care. Its a common term used to describe the Patient Protection and Affordable care Act of 2010. ObamaCare contains many benefits, especially for low and middle income families...
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...Financing and Structuring Health Care Nicole Bryant Kevin Williams Health Services Organization and Management HSA 500 Fall 2010 October 31, 2010 1) Identify and describe at least three main types of health insurance in the U.S. The main types of health insurance are voluntary health insurance, social health insurance, and welfare medicine. In voluntary insurance or private health insurance in the United States can be subdivided in to three distinct categories: (1) Blue Cross and Blue Shield, (2) private or commercial insurance companies, and (3) health maintenance organizations. Nowadays, it is common for Blues and commercials to own and operate HMOs and other managed care plans. Social Health Insurance has two major mandatory social health insurance programs: (1) Workers’ Compensation for the costs and pain of suffering job-related accidents, and (2) Medicare for the elderly, disabled, and other special groups. Several states sponsor social insurance programs in the areas of temporary disability (California) or health insurance (Hawaii and Vermont). Workers’ Compensation provides two basic benefits: (1) cash replacement of a portion of wages lost due to disability and (2) payment for all or part of the medical care necessary. Welfare Medicine is a public assistance that is sponsored by a plethora of federal, state, and local government programs, but the most far-reaching program is Medicaid (Title XIX of the Social Security Act). The distinction between...
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...did not have health care insurance. The United States is the only industrialized major nation in the world without health care, and the debate about changing that has become a popular issue recently. The sharp difference between the two sides is a difference in ethical values; those for universal health care desire to see the government help others, mainly the lower class, and those who do not, wish that private companies be allowed to continue taking advantage of the status quo for profit. In this paper, I will argue why the Government should put in place The Universal Healthcare Systems.[1] Chapter 1 I think as a US citizen everyone should be entitled to healthcare, especially the ones who don’t have the financial stability to afford it. The lower class should have healthcare because they suffer, which is not ethically right. Without some form of health insurance, purchasing prescription drugs would not be possible. Many Americans, such as those with diabetes cannot survive without certain prescription medications. Now you wonder why I would say something like this well how many people you know who have medical conditions but unable to go to the doctor because they don’t have the finances to pay for a doctor's visit. The lower class is more prone to diseases and illnesses with can cause early departure. A universal healthcare system will benefit the poor citizens. Private insurance companies...
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...Telemedicine (telehealth care) Pros and Cons Before adopting the framework or infrastructure for Telemedicine, it is necessary to consider the pros and cons for the patients and the providers. An article published by Susan McQuillan for quality health reviewed by medical advisory, retrieved 2015-11-03 from Mayo Clinic identified these for pros and cons of using cyberspace for telemedicine. According Susan McQuillan (2012), these are the pros and cons. Pros: • You can use the Internet to get specialized health care information from medical centers and join group forums to get support and information from patients with similar problems. • If you live in a remote area and need medical care from a specialist who is located hours away, your local...
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...Obama Care Obama Care Obama Care is thought by most people to be a US law aimed at reforming the American health care system. The main focus for this care is to provide more Americans with access to reasonable health insurance, improving the value of health insurance, regulating the health insurance industry, and decreasing health care spending in the US (Government, 2012). Many people have mixed feelings about Obama Care and how it is used in the US. In this paper, I will discuss the origins and the history of how Obama Care got started and its difficulties. Then, I am going to talk about the pros and cons dealing with Obama Care and the ways it will affect our economy. Next, I will discuss how Obama Care is funded and how there are still missing pieces that the administration needs to clear up. Lastly, I will argue how some of the American population thinks Obama Care is a scam. Then, to wrap up my paper I will be giving my opinion on this complex matter. Steps in the process of Obama Care The history of Obama Care is very complex but the name is the unofficial name for The Patient Protection and Affordable Care act, which was singed into law on March 23, 2010. The major requirements went into effect in January 1, 2014 even though significant modifications had happened before this date. Many Americans were opposed to Obama Care before it was even passed because they didn’t like the idea of the government taking over the healthcare polices. Now, I am going to...
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...the affordable care act (ACA). The healthcare system in United States is mostly dominated by the private insurance sector, whereas many countries have a universal healthcare system, the United States does not (Finkleman & Kenner, 2013). Because of the influence of the private insurance sector healthcare is very expensive and in most cases not affordable in Unites States. According to HHS.gov, “The Affordable Care Act puts consumers back in charge of their health care and under the law, a new “Patient’s Bill of Rights” gives the American people the stability and flexibility they need to make informed choices about their health (2014). Like every new law ACA also has its pros and cons. The benefits of having ACA is that it includes reforms designed to help all Americans, such as prohibiting insurers from denying coverage for pre-existing conditions, expanding Medicaid eligibility, subsidizing insurance premiums, and providing incentives for businesses to provide health care benefits (Sorrell, 2012). Insurance companies will no longer be able to drop clients when they become ill, the act has the potential to improve health outcomes across all income and age groups at a reduced cost (2012). Some of the disadvantages of ACA are that Americans who are employed will have to pay more for their health care coverage. Most middle-class Americans hold full-time jobs and receive health insurance through their employers. Health care costs were rising before the Affordable Care Act became law...
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...Con: Longer Wait Times When health care is extended to everyone, it can be used too often. And with "free" access, a patient may go to the emergency room with the sniffles, causing longer wait times for those who have real emergencies. Access to family doctors and specialists may also be limited due to too many patients and not enough doctors. Read more: http://www.livestrong.com/article/30692-pros-cons-universal-health/#ixzz1KlELOteI The costs that are required for universal health care are an enormous obstacle to overcome before any meaningful policy can be adopted. Most countries that provide universal health care have some kind of tax that is paid by citizens for the cost of the insurance. A tax can also come in the form of a premium that is paid for services. Once the issue of costs has been resolved, then universal health care can be seen as a viable option for the future of health care. Read more: Pros & Cons of Universal Health Insurance | eHow.com http://www.ehow.com/about_5233236_pros-cons-universal-health-insurance.html#ixzz1KlEm3WTE Con: Raised Taxes Although universal health care is often touted as "free," it is typically government-run. Taxes would need to be raised to accommodate for universal health care, and many Americans could be adverse to their taxed earnings paying for the health care of someone who doesn't work at all. Read more: http://www.livestrong.com/article/30692-pros-cons-universal-health/#ixzz1KlEzao5G pro There are several...
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...According to this article, the Congressional Budget Office (CBO) released an updated federal budget outlook for the next 10 year “budget window”, during the week of February 3rd, 2015. Detailed in this report were some revisions to the previous baseline projection for the effects of the Affordable Care Act (ACA). A more defined explanation and history of ACA: Federal health reform uses an approach that starts with the health insurance system we currently have in place in the United States. Health reform builds upon our current health insurance system to provide more people with access to health insurance coverage, establish legal protections for consumers, and set up mechanisms for consumers to shop knowledgeably for insurance. On July 14, 2009, House Democratic leaders introduced a 1,000-page plan for overhauling the US health care system, which Obama wanted Congress to approve by the end of the year. After much public debate during the Congressional summer recess of 2009, Obama delivered a speech to a joint session of Congress where he addressed concerns over his administration's proposals. In March 2010, Obama gave several speeches across the country to argue for the passage of health care reform. After Obama announced an executive order reinforcing the current law against spending federal funds for elective abortion services, the House passed the version of the bill previously passed on December 24, 2009, by a 60-vote supermajority in the Senate. The bill, which includes over...
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...and managing patient treatment plans, assisting in patient surgeries, and many more” (“Pros and Cons of Being a Physician Assistant (Plus Salary)”). In order to appreciate a physician assistant career, one must first understand the education/training, advancements/salary, and benefits/hazards. First, there is certain education and training that one must undergo to pursue this career. To begin, one should earn a Bachelor’s Degree in a science, technology, engineering, or mathematics field (“How to Become a Physician Assistant (PA) - Education & Requirements”). The majority of physician assistants begin by receiving a...
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...B Bailey Health Reform Plan The Clinton Healthcare Plan of 1993 also known as the Health Security Act was a package presented under the direction of President Bill Clinton. His presidency started on January 20, 1993 and lasted until January 20, 2001. During his 1992 presidential election, Clinton pushed for this bill to be passed by Congress. “After nine months of brainstorming and politicking, President Clinton delivered to Congress today a 240,000-word proposal for universal health insurance” (Pear, 1993). This manifesto was the most multiplex, comprehensive plan conveyed by any President. Under the Clinton plan, most Americans would get health insurance coverage only in regional alliances. “ A company with more than 5,000 full-time employees could operate its own health insurance program outside the alliances. People working at company headquarters would be in the corporate health plan” (Pear, 1993). If there were employees of a large company that worked in another state with 100 or less than they were able to join the local alliance there. The Clinton Healthcare Plan of 1993 would supply additional treatment of helping. “Mr. Clinton said his proposal would provide much more coverage of preventive services than is usually found in private health insurance plans” (Pear, 1993). The Patient Protection and Affordable Care Act (PPACA) of 2010 also known as Obamacare is a United States federal law signed in by President Obama on March 23, 2010. This law, jointly with the...
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...Rising Cost of U.S. HealthCare Lauren Tucker Strayer University Health Services Administration November 2015 Dr.Becky Foster Overall Impact on U.S. Economy The economy of the United States is made up by one sixth in health care dollars. In accordance with the CDC, in the year 2005, the U.S. had healthcare expenditures of 2.2 trillion dollars. At that time, the United States led all other nations in healthcare spending with an average of $6,700 per person. Now, in 2015, the total spending has reached 4 trillion dollars. These figures indicate that the U.S. is clearly leading all other nations in total healthcare spending. In accordance with the Dept. of Health and Human Services (2005), this growth in healthcare costs affects employment and inflation. This can also push the government to raise taxes, cut funds from other areas in the economy such as education or vital services (police, fire, ,etc.) and affect other human services. The high cost in healthcare...
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...Affordable Care Act HCS/455 Key Components of Affordable Care Act The Affordable Care Act (ACA) came into federal law in March 2010 and was drafted by the Obama Administration. ACA is often referred to as “Obamacare” and one of the major objectives of the Affordable Care Act is to provide Americans with health care insurance. There are many types of individuals that will be seeking coverage through Obamacare. There are many types of benefits and drawbacks to any new health care policy and ACA has many of both. The Affordable Care Act has made a substantial impact on Medicaid and Medicare programs and well as health care in general. All of these will be discusses in this paper. Who Will Use the ACA? With private health insurance, Medicare, Medicaid, and health insurance through employers there are many Americans still left without healthcare coverage. Many of these people were younger adults that could not afford health care coverage after being dropped from their parents health insurance after age 19. the ACA is expected to provide financing to increase the proportion of legal, nonelderly residents with insurance from about 83 percent to about 94 percent, resulting in a reduction of 32 million nonelderly individuals without insurance by 2019 (Shi, 2014). Young adults without health care coverage are faced with outrageous bills when facing emergency medical treatments. Under the Affordable Care Act, young adults ages 19-25 are able to retain health insurance...
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...A change for a change Kathryn Fleming POL201 Demian Fontanella Nov. 5 2012 President Obama signed into law the Patient Protection and Affordable Care Act on March 23, 2010. This is also widely known as “Obama care” and is the new Medicaid. This comprehensive health reform law has brought about significant changes in the health system. I am specifically focusing on three of the main components of the law, delivery system improvements, health insurance coverage and cost containment. Though many may disagree with the “right” solution when it comes to Obama care, it is commonly agreed that there is a fundamental problem with the current healthcare system: nearly 50 million people in this nation are without insurance and those who are covered face high premiums with plans that do not cover the services they need. This current system is inefficient and therefore is poor quality and creates high cost. The ultimate goal of the legislation was to extend both private and public coverage to about 32 million people who were uninsured; to improve access to quality coverage for the uninsured; to improve how affordable coverage would be; and to ultimately reduce the overall growth in health care costs. Now for the pros and cons of this law, this was passed on June 29 2012. The pros of this law are that Patients with pre-existing conditions cannot be denied coverage by insurance companies, and companies can no longer drop someone once they get sick. This also means that if an insurance...
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