Health care in the United States is delivered by several individual organizations. Health care organization are mainly owned and ran by private sector businesses. Health market function are about the buyers and sellers that share equal information regarding pricing, value and compete equally to sell or buy insurance. The market-based health insurance system in the United States at this time in crisis state in which a large number of people is in need of the health care. The most noticeable issue currently is that there are 32 million people without health insurance, the most stressing is that 101,000 people per year died from preventable deaths, simply due to the fact the way health care markets function. (Rudiger, 2009) However, there are
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He states that patient has put the pressure on the hospitals and insurance carriers to improve, encourage investment in new ways to deliver health care and provide the consumer with information to form a comprehensive choice regarding health care. In the article, it pointed out that over the next five years, 40% of the traditional healthcare market will be reduced and third of the market or three trillion of American dollars will be used in developing new products in the healthcare market. He describes this new market in the following ways for improvement: Improve transparency by giving or providing more information for care options that provide a degree of flexibility for the consumer to choose. Secondly, new healthcare setting will have to be part of the change. The way care is provided now in a traditional setting are not consumer friendly or flexible. Thirdly, Insurance market needs to shift by creating subsidized exchanges where people can compare and buy health insurance, by moving toward outcome-based care versus the fee-for-service model currently used in healthcare. The bottom line of the article is that consumerism in healthcare has put pressure on the traditional marker players to change the current way they function. By having a more transparent market in healthcare will cause the market to work efficiently and healthcare cost will be more affordable. It will shift the burden back to consumers who will have better-informed choices for healthcare and cost effective care. By allowing the consumer to pick the most cost-effective care it can lead to reducing spending on preventive care. (Pagliarulo,
He states that patient has put the pressure on the hospitals and insurance carriers to improve, encourage investment in new ways to deliver health care and provide the consumer with information to form a comprehensive choice regarding health care. In the article, it pointed out that over the next five years, 40% of the traditional healthcare market will be reduced and third of the market or three trillion of American dollars will be used in developing new products in the healthcare market. He describes this new market in the following ways for improvement: Improve transparency by giving or providing more information for care options that provide a degree of flexibility for the consumer to choose. Secondly, new healthcare setting will have to be part of the change. The way care is provided now in a traditional setting are not consumer friendly or flexible. Thirdly, Insurance market needs to shift by creating subsidized exchanges where people can compare and buy health insurance, by moving toward outcome-based care versus the fee-for-service model currently used in healthcare. The bottom line of the article is that consumerism in healthcare has put pressure on the traditional marker players to change the current way they function. By having a more transparent market in healthcare will cause the market to work efficiently and healthcare cost will be more affordable. It will shift the burden back to consumers who will have better-informed choices for healthcare and cost effective care. By allowing the consumer to pick the most cost-effective care it can lead to reducing spending on preventive care. (Pagliarulo,