Healthcare Costs Affecting The Iron Triangle

Superior Essays
There are so many aspects to the healthcare field that affect the “Iron Triangle”. It is up to us as

healthcare manager to know healthcare in and out so we can implement and decide what direction we

need to direct our staff everyday.. We need to understand the impact modern medicine has, why

healthcare cost is rising, what major issues we are facing, understanding Medicaid and Medicare and

the current state of national health policy. If we were to change one thing it would have to be that there

would be a cap on how things are charged so that people were not overcharged for something just

because the doctor can. This would help the health care system so much in having a budget to plan for

national epidemics.

Modern medicine
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There are pros and cons to technology and diagnostics are easier and more accurate. When it

comes to surgery they are becoming more minimally invasive. But the dark side to technology is the

use of the internet. More and more people these days turn to the internet for diagnostics and end up

just freaking themselves out instead of going to the doctor ( “ Impact of Technology on Healthcare –

AIMS EDUCATION, “ 2013).

There are many reasons as to why the Healthcare costs are rising. One of these reasons are

hospital cost increase due to hospitals merging and acquisitions and these two things have shown

hospital market concentration levels to increase the price of hospital care. The second reason is

provider prices in the United States do not have to set a certin amount that they can charge. The

providers are allowed to charge whatever they like and this comtributes to the higher- cost services

(Atena Inc, n.d.). And just like we said before Technology coming out contributes to higher healthcare

spending.

The US is facing issues with Chronic diseases such as heart disease and diabetes. The US

needs to focus on preventive care measures to help lesson this load of ongoing care for people of
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Another thing that

Americans are not going to the doctor like they should or fill prescriptions because they cant afford to.

If we can fix these two things then we will help with the aging problem in the future. Preventive care is

going to help us in the long run (Davis, 2013).

Medicare and Medicaid are two very different programs to help those who struggle with their

daily living activities such as bathing, cleaning and finances. Medicare is a federal health insurance

company that helps seniors 65 years and older, certain younger people with disabilities and people with

end-stage renal disease ( medicare.gov). Medicare has four different parts that it offers which are

Medicare part A, B, C, D. Medicare part A is a hospital insurance program that covers hospital stays,

skilled-nursing facilities, hospice, and home health. When you are an inpatient in a hospital you are

subject to a deductible and daily coinsurance after the sixtieth day. When it comes to skilled-nursing

facilities you are covered 100 days after a 3 day hospital stay but are still subject to a coinsurance after

the sixtieth day as well (Yesalis, Holt & Politzer 2013)

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