This amount is extremely high and if more money is spent towards technology to offer less evasive surgeries and procedures the recovery time for patients may shorten and the cost of hospital stays could decrease. This brings the question if enough money is being spent on keeping individuals healthy and offering preventative care in order to keep individuals out of the hospital all
citizens, universal healthcare would significantly lower healthcare costs for both the individual and the government. Without a doubt, something should be done to fix the current healthcare system; it is just a matter of what should be done. Over the past several years, the cost of healthcare in the U.S. has risen significantly and does not seem to lower, surpassing “$2.2 trillion in 2007” (An). This ever-increasing cost has caused less and less coverage, being unaffordable to more and more people; “The average American spends about $7,900 dollars per year on healthcare” (Sanders). Though healthcare is currently very costly, studies show that universal healthcare would be cheaper than the current privatized system (Conor).
With the unemployment rates so high; more and more Americans have to go on a government funded plan. These plans are very time consuming for the doctors which again takes away from patient care time. Yes, the incentives were out of hand before with the drug companies, but now the regulations for such are very strict and very limited, why can’t we find a happy medium. Now, with the healthcare reform benefits, premiums, and services covered will be a lot worse. Guidelines and limitations on prescriptions, tests, and specialists will be even more stringent.
However, the sharp reality of the modern world is that health care comes with a price. Current cost-control efforts include evaluating hospitals and doctors based on their quality and cost acquiring insurers channel patients to the most efficient providers in the health care organization. Many insurance companies now require consumers to make a copayment for medical services, whereas in the past, insurance companies paid the full medical bill (Berkowitz, 2006). The Cone Health provides financial assistance with medical bills to those who qualify. Typically, most of the elderly hospital bill is paid by the federal Medicare programs, which pay hospitals a flat fee.
The insurance companies will no longer have the ability to use their monopoly power through unjustified increases. If the cost is lower, than more Americans will have a shot at obtaining health care coverage. Not everyone is going to be able to afford the premiums even with the new reforms, and the penalty fines may be lower that the premiums with that being the route they take and, in turn, remain uninsured. A large number of Americans will, however, be able to afford coverage and have access to basic medical
It may or may not depending on what kind of insurance you have and how many hoops you have to jump thru before they actually authorize the medication or give you the okay for the technology to be used on you. In one article it is saying that the U.S. is one of the leading in health care technology. That we have machines that can save lives and that we have medications that can help us live longer with our diseases but it comes with a high cost. It is making the employer take most of the cost and the patient pay very little but is this really true. Most people have high deductibles before the employer will even start to pay some of the health insurance coverage.
Before I had read this chapter, I had only heard of Health Maintenance Organization (HMO) and Preferred Provider Organization (PPO). However, there are also three other types of health plan options available. Those plans include, Indemnity Plan, Point-of-service, and Consumer-driven- health plan. The Indemnity plan allows you to choose any provider with little or no cost containment. This plan has coinsurance, higher costs, and deductibles along with preauthorization for certain procedures and preventative care is normally not covered.
It also covers a number of preventive services without charging a probate deductible. Insurances providers will be required to publicly justify rate increase, and consumers will now have the ability to appeal to an independent third party when providers deny coverage for services. This Act is very beneficial to me in numerous of ways, simply because I have a real bad asthma problem and all the treatments I need are very expensive. My family isn’t really financially able to afford the medicine I need so thanks to the Affordable Healthcare Act signed by Obama more Americans as well as I are either fully insured or have some type of insurance. Middle class Americans who wasn’t able to apply for Medicaid are now eligible
With taxes at a breaking point government has little recourse but to try to hold down costs. Government cutting budget for health care sector affects every aspect. Since labour is the main component of health costs, income for health workers and professionals have been brought under tight government controls. This causes brain wash. Health professionals will migrate to other countries were they would compensate for the same services they provide. This causes shortage of labour force in health care sector which in turn causes long patient wait time.
Each state as a whole is losing much needed money and it is going down the drain due to these physician owned practices. The amount of compensation fees that they must pay the workers are off the charts and most of the employees work overtime and with a large group of patients. Many people also argue the benefits of physician owned physical therapy services and the other side of the argument must be presented as well. Some may say that the quality of care is better with joint services. A greater role by the physician may be played in order to help the patient.