Essay about Summary
To: Denise A Bujak, Vice President
From: Market Research Assistant
Subject: Summary Report-Information about Health Care
Date: 28 June, 2011
The purpose of this memo is to summarize three popular writer’s views regarding the U.S. health-care system. Chris Farrell, Steve Forbes, and Greg Nelson analyze the current market trends and offer us their methods to improve the economy of the health insurance industry.
In general, there are some flaws in the U.S. health-care. All three writers point out different ways to fix it. In their passages, the main point of distinction involves government intervention in …show more content…
Forbes paint a picture of government intervention will threat HCSC, here Greg Nelson point out another solution to reduce cost on the health care. Nelson found about 30 percent of U.S. health care dollar is spent on claims administration. In several companies, accountants put some unnecessary and unclear cost in this column. He found a fact, “Medicare operates with about 3 percent of premium dollars going toward administrative cost” (64). It is hard for us to run a profitable business on lots of administrative cost. For HCSC, we had better to check our administration cost and make more transparency in the actual cost of services. It will help us reduce some unnecessary cost.
Above all, Farrell and Forbes are estimate future market fluctuate influenced by the U.S. health care reform. Nelson thinks the best way to reduce the health-care cost is cut down administration cost. However, we don’t know what will be