💸 Essays on Healthcare Financing

US Healthcare System for Public and Insurance Firms

Introduction It is not a secret that healthcare remains an essential element of people’s lives. Nowadays, it is difficult to imagine a person who has never applied to medical institutions either for medical help or for immunization to prevent diseases. Therefore, access to healthcare is a crucial factor that defines...

Healthcare Financing

Financial Planning in a Healthcare Organization

Introduction Financial planning is a necessary tool for managing health organization’s activities. But this process is individual for each particular medical institution. It is compiled on the basis of the priorities of the action, the model of the provision of services, and the approaches of management teams regarding the development...

Healthcare Financing

Healthcare Prices Variation in the United States

Effectiveness, efficacy, and sustainability are critical issues in the delivery of medical services in every country. Unfortunately, different variations in the quality of healthcare outcomes continue to be recorded in the United States. A detailed analysis of such gaps can make it possible for stakeholders and policymakers to implement superior...

Healthcare Financing

Free Market Assumptions and Healthcare Provision

A Person Is the Best Judge of His or Her Own Welfare The economic behaviors of individuals are driven by self-interest, and it means that consumers’ freedom of choice induces greater satisfaction. However, the assumption is not always applicable to the modern healthcare market because access to healthcare goods is...

Healthcare Financing

Medicare vs. Medicaid as Insurance Programs

The USA insurance system has a unique history and structure. The rapid growth of the economy and accumulation of capital created all the necessary conditions for the insurance institution development. The insurance system, which directly depends on both the economy and welfare of citizens, is an indicator of the overall...

Healthcare Financing

Obamacare: Health Finance & Delivery Policy

One of the most crucial indicators of any country’s state of the art is its healthcare policy and related legislation regulating the mentioned sphere. Citizens’ health might be a vital aspect of national harmony within a state. Hence, when people need treatment, they should be provided with high-quality medical services,...

Healthcare Financing

Affordable Care Act and Its Microeconomics

Introduction For more than seven decades, the U.S. health care system was dominated by market relations that determined the basic principles of the entire system. Namely, those were unregulated state voluntary medical insurance for the majority of the population, unregulated prices for medical services, and patient freedom of choice of...

Healthcare Financing

Non- and For-Profit Healthcare Approaches

Introduction There are two principal approaches to healthcare: public, where the state funds the care providers, and private, where patients pay for treatment. However, there is another distinction that many people frequently ignore in the United States. Private healthcare organizations can be either for-profit or nonprofit, with the differentiation implied...

Healthcare Financing

Value-Based Purchasing in Healthcare

In the context of healthcare, value-based purchasing (VBP) is defined as the strategy of linking the payments for received services to the improved performance of healthcare providers. This type of payment ensures that providers hold themselves accountable for both the quality and the cost of services they offer. Therefore, inappropriate...

Healthcare Financing

Americans Have Constitutional Right to Healthcare

Introduction Human beings continue to grapple with numerous health challenges that make it impossible for them to lead high-quality lives. Some of these conditions include tuberculosis, cancer, HIV/AIDS, and malaria. When the government provides timely and sustainable health services, it can be possible for more people to achieve their potential...

Healthcare Financing

Universal Health Insurance and Japan’s Care System

Universal insurance solving “market failure” in health insurance The question of universal insurance is rather controversial, and it is associated with a lot of the economic issues such as the questions of equity and efficiency which can be discussed with references to the market failure (Sloan and Hsieh). Mandating universal...

Healthcare Financing

Importance of Health-Care Cost Management

Health-care cost management has become important because an increase in inflation has pushed the price of health care even higher. A lot of people were optimistic that the different programs and policies implemented by employers, insurers, and the government during the 1990s to manage the rising costs would help to...

Healthcare Financing

Operating Budget in Healthcare

Introduction The process of planning a budget for a healthcare establishment involves considering many factors that influence the operations. In the case of this clinic, the purchase of an MRI machine, and the acquisition of billing software will impact the distribution of finances. Additionally, various environmental forces, including significant changes...

Healthcare Financing

Long-Term Care Insurance and Its Sources

Introduction Insurance is a promise of indemnity for specific future losses in exchange for periodic payments (premiums). There are several covers that insurance companies offer to their clients. Among them is long-term care insurance which is provided at the expense of the cost of long-term care beyond predestined time. Young...

Healthcare Financing

Individual Health Insurance for Employees

Dear Sir, As I am aware of the GenFac Insurance Corp. need for innovative training and development, I decided to address your need and offer my services in conducting training workshops to develop the skills of new sales associates for individual health insurance at GenFac. In this respect, I would...

Healthcare Financing

Demand and Elasticity in Health Care

Write the formula for price elasticity of demand and describe what it means The formula that should be used whenever calculating the price elasticity of demand is presented below. According to this formula, Q0 is the demanded quantity (initial) at the time when the price is P0 (or unchanged). The...

Healthcare Financing

Benchmarking Process in Healthcare

The Hillingdon Hospital in North West London had a problem of having frail patients with different medical conditions. An old model with two consultant ward rounds per week was being used. A junior medical team member or a consultant on a need basis would see patients at different times apart...

Healthcare Financing

US Healthcare Payment System and Programs

American Health System The American health system has undergone a major evolution since the inception of the nation. America’s health system has been under much scrutiny over a long time, more so because it is fragmented and, to some extent, inefficient. Indeed, the U.S. spends more than any other developed...

Healthcare Financing

Healthcare Issues Solved by Affordable Care Act

The Patient Protection and Affordable Care Act is a bill passed into law by the U.S. president Barrack Obama in the year 2010 (Goodson, 2010). This act is normally referred to as Obamacare. The act collectively with the Health Care and Education Reconciliation Act symbolizes the most important government development...

Healthcare Financing

Financial Health and Business Interest

Introduction Medical knowledge is useful for guiding the trajectory of business development, depending on the trends in the healthcare industry. One viable option is to pursue the opening of a specialized pharmacological venture. It is considered realistic in this case due to previous experience in pharmacodynamics and clinical trials. Even...

Healthcare Financing

Economic Development and the Healthcare in the US

Abstract In the United States, the economy and health care are two critical issues. The two issues cannot be separated because they are mutually dependent. The increased spending on health care is the driving force to the local economy. The development of several towns and ICT infrastructures in the US...

Healthcare Financing

Universal Health Care and Financing Around Globe

What does “universal health care” mean? Which countries in the film have universal health care? Universal health care also referred to as united health care, is an essential healthcare service system that incorporates all legal residents of a society or a country, usually provided by the government. The government settles all...

Healthcare Financing

American Healthcare Payment System and Its Methods

Concept of Insurance in the US health care Health insurance refers to an arrangement involving payment of medical expenses for patients (41). Under this concept, the entities involved in catering for the expenditure are private insurance companies, social welfare organizations and social insurance schemes (Niles, 38). Thus, some insurance programs...

Healthcare Financing

Single-Party Payer System for the US Healthcare

Abstract Many governments have implemented unique healthcare delivery systems to meet their citizens’ medical needs. A single-party payer model has continued to deliver positive outcomes in different countries across the world, including Taiwan. The hybrid system associated with the United States has failed to meet the medical demands of many...

Healthcare Financing

Healthcare Reform in Kathleen Sebelius’ Interview

Implementing Health Care Reform — An Interview with HHS Secretary Kathleen Sebelius Politician interview overview Sebelius is the current Secretary of the Department of Health and Human Services has taken over when Congress was debating the sweeping healthcare reform bill that was put forward by the Obama administration. The Following...

Healthcare Financing

European Healthcare Systems and Social Insurance

Introduction A healthcare system constitutes the model through which a country or region mobilizes, accumulates, and allocates resources to cater for the health needs of the population(1). Regarding the role that the health care financing system plays, the literature indicates that if it is dysfunctional, there is a likelihood that...

Healthcare Financing

Care Quality Increasing and Health Cost Reducing

Introduction The cost of health care has grown tremendously over the past few decades, necessitating the need for the implementation of efficient strategies to cut down healthcare spending. Various scholars have come up with proposals on the best ways to deal with the ballooning cost of healthcare without compromising its...

Healthcare Financing

Role of Insurance in Managed Care in UAE

Introduction Health care is a very important consideration for every government across the world. Generally, health care is quite broad and involves numerous stakeholders, including doctors, nurses, dieticians, and therapists among others. This paper looks at the role of insurance in managed care in the United Arab Emirates (UAE) and...

Healthcare Financing

American Healthcare Costs and Reasons Behind Them

Today, the United States is one of the industrialized countries that spend a lot of money on healthcare. However, it has not been in a position to extend healthcare services to all its citizens. It has been observed that a lot of money is spent on health services per capita...

Healthcare Financing

Medicare, Medicaid, Accountable Care Organization

Medicare Payment Mechanism Today hospitals and physicians are reimbursed by a range of different public and private services. The payments they provide can be both direct and indirect. Today the government tries to control healthcare costs by reducing reimbursement and establishing managed care programs for Medicare and Medicaid (Banach and...

Healthcare Financing

American Healthcare and Impacting Economic Issues

Unlike other developed nations such as Germany, the United States does not have a universal healthcare system. Most of the implemented policies have not been able to improve the effectiveness of the country’s health sector. Consequently, the common consensus in the nation is that the healthcare system should be fixed...

Healthcare Financing

Healthcare Costs and Their Effects on Healthcare

To organize powerful strategic management within a health care organization, its leaders need to realize the extrinsic environment surrounding their hospital. They need to comprehend and promptly react to the crucial changes happening in this environment. Companies that are unable to prepare for alterations, disregard the external factors, or confront...

Healthcare Financing

Managed Care and Its Costs in the US Health Care

Managed care is one of the tendencies that exist in the current U.S. healthcare market. Its original goal was to introduce a sufficient managerial mechanism to enhance the quality of the provided services while relying on the methods of cost-effectiveness (Collins, Piper, & Owens, 2013). The primary goal of the...

Healthcare Financing

Economic Issues Impacting Healthcare Sector

Introduction and Background Even though the United States spends more on healthcare than any other developed nation, the quality and accessibility of health care remain low. The United States government initiated healthcare reform to address some of the most glaring issues, such as a large number of uninsured. While laws...

Healthcare Financing

US Health Insurance Coverage: Sources and Benefits

Abstract Health care insurance coverage is an essential element of health care that is used to enhance access to health care in the society. The coverage not only removes the disparities in health care access, but also reduces the cost of health care for different groups of people in a...

Healthcare Financing

US Health Insurance Types, History and Coverage

Distribution of National Health Spending by the Type of Financing Source Bodenheimer (2005) noted that 45 % of healthcare spending comes from the government, 36 % from employment, 15 % out of the pocket and 4 % from other sources. 33 % was spent on hospitals, 23 % on Physicians...

Healthcare Financing

Employer-Driven Medical Insurance and Its Impacts

The provision of healthcare is a real concern for many countries. The traditional approaches to health care financing no longer make sense because of the increased cost of offering medical services, against a backdrop of difficult economic times (Perkins, 2006). Austerity measures proposed by governments do not exempt health care....

Healthcare Financing

Mandatory Health Insurance in the UAE

Abstract This paper focuses on the UAE’s health sector, which is undergoing immense changes that are fuelled by the demand for effective, quality, accessible, and financially sustainable health care. In line with many Arab nations, the government has financed the UAE’s healthcare for a long time. However, as this paper...

Healthcare Financing