Section 5: Possible Solutions
The Medicare program was created to protect retirees from an economic tragedy if a healthcare issue was encountered. There are many possible solutions for the viability of this program, but they need to be comprehensive to ensure that existing retirees and impending seniors will have a healthcare entitlement. (1) There must also be a process to share the cost of healthcare and inform the benefactors of the real cost of healthcare. This information will inform them of this important cost issues and may result in acceptance and accountability of healthcare costs. This will affect cost much more than the reduction of healthcare cost or a reduction in benefits. (2) Another possible solution for Medicare is to have …show more content…
(3) A very controversial recommendation is for indexing the Medicare retirement age to the average age of life expectancy. This can protected the program from unforeseen rise of life expectancy by varying the program from a relation of age dependency to the count of retirees per worker. Changes in the retirement age will meet strong opposition and better results will be from enticing more middle-aged workers to stay employed longer before entering the program. (4) One of the most important areas that need massive attention is outrageous fraud of Medicare. (5) The recommendation is to privatize the programs administration processes and encourage the addition of incentives to develop a program with checks and audits of these processes. (6) The most wide-ranging solution for Medicare is to develop a process that allows retirees to select the healthcare plan with the best value. This option is currently available with Medicare Parts “C” and “D” and by opening up the Healthcare marketplace for Parts “A” and “B” has potential positive impacts …show more content…
Medicare has paid nearly $316 billion dollars less in 2013 than it would have had without ACA. Medicaid also benefited under ACA by expanding coverage to over 12 million people that needed care. The positive outcomes as a direct result of ACA has reduced uncompensated hospital care to medical organizations by over $7 billion dollars in 2014. The implementation would attempt to mimic the positive results of other countries that have excellent healthcare outcomes with very reasonable cost.
Reduce Fraud
The implementation of the Independent Payment Advisory Board with the goals for the reduction of fraud of Medicare has had positive results. In 2011 the government had recovered over $10 billion dollars over three years with new regulations from the ACA. This board oversee the privatize programs, administration processes, and manage the incentives of this program to develop processes with checks and audits to ensure positive outcomes.
Section 7:
The Medicare program was created to protect retirees from an economic tragedy if a healthcare issue was encountered. There are many possible solutions for the viability of this program, but they need to be comprehensive to ensure that existing retirees and impending seniors will have a healthcare entitlement. (1) There must also be a process to share the cost of healthcare and inform the benefactors of the real cost of healthcare. This information will inform them of this important cost issues and may result in acceptance and accountability of healthcare costs. This will affect cost much more than the reduction of healthcare cost or a reduction in benefits. (2) Another possible solution for Medicare is to have …show more content…
(3) A very controversial recommendation is for indexing the Medicare retirement age to the average age of life expectancy. This can protected the program from unforeseen rise of life expectancy by varying the program from a relation of age dependency to the count of retirees per worker. Changes in the retirement age will meet strong opposition and better results will be from enticing more middle-aged workers to stay employed longer before entering the program. (4) One of the most important areas that need massive attention is outrageous fraud of Medicare. (5) The recommendation is to privatize the programs administration processes and encourage the addition of incentives to develop a program with checks and audits of these processes. (6) The most wide-ranging solution for Medicare is to develop a process that allows retirees to select the healthcare plan with the best value. This option is currently available with Medicare Parts “C” and “D” and by opening up the Healthcare marketplace for Parts “A” and “B” has potential positive impacts …show more content…
Medicare has paid nearly $316 billion dollars less in 2013 than it would have had without ACA. Medicaid also benefited under ACA by expanding coverage to over 12 million people that needed care. The positive outcomes as a direct result of ACA has reduced uncompensated hospital care to medical organizations by over $7 billion dollars in 2014. The implementation would attempt to mimic the positive results of other countries that have excellent healthcare outcomes with very reasonable cost.
Reduce Fraud
The implementation of the Independent Payment Advisory Board with the goals for the reduction of fraud of Medicare has had positive results. In 2011 the government had recovered over $10 billion dollars over three years with new regulations from the ACA. This board oversee the privatize programs, administration processes, and manage the incentives of this program to develop processes with checks and audits to ensure positive outcomes.
Section 7: