Healthcare reform

to be able to achieve universal healthcare. I believe that the cons outweigh the pros. Healthcare is something that is needed by all people no matter of their race, gender, class, nationality, or age. However, this report will discuss both the pros and cons of forcing U.S. citizens to have insurance before reviving universal healthcare. Many families cannot afford healthcare due to their class. “According to a 2012 study from Consumer Reports, paying for healthcare is the top financial problem…

There are a range of ways that healthcare in different countries are primarily funded. Some of them include private health insurance (PHI), social health insurance (SHI) or taxes. PHI as a primary funding source tends to represent a smaller share of primary healthcare funding in some OECD countries. However, there are strengths and weaknesses towards achieving efficiency through a PHI system. For instance PHI driven systems has meant more consumer choice. Nonetheless, PHI systems can create…

If you anticipate incurring a lot of medical expenses in the next year or must care for a dependent, then an FSA might be a good fit for you. Here are some of the perks: Tax Savings: Employees contribute to their FSA through payroll deductions, which means the money is taken out before taxes. Therefore, your taxable income is lowered and can reduce the amount of taxes paid. Medical Savings: Although health insurance can cover many expenses, it sometimes doesn’t cover auxiliary medical costs,…

the patients serviced. The collections of revenue allow health care facilities to acquire any equipment needed as well as pay wages to their employees. Insurance for healthcare assists this system with the insurance plans that contain high deductibles. “The situation is highly affected by the large population that has no healthcare cover. It has led to the system to collect revenue upfront so that institutions can be able to sustain themselves” (Souza & McCarty, 2007). On the other hand, the…

Dylan just had a heart attack. He was rushed to the hospital and had a successful treatment. He then received the bill for his treatment which was way more expensive than what he could afford, only because he did not have health insurance. Health insurance is a type of coverage where the insurance company helps out with the medical and surgical expenses of the insureds. In the United States, citizens should have the right to universal health care because it would improve public health and…

costs on healthcare stems from waste. Waste is “defined as healthcare spending that can be eliminated without reducing the quality of care” (Patel & Rushefsky, 2014, p. 269). There are several causes of waste, such as misuse, overuse, and underuse of medical services; uncoordinated care, failure to implement coordinated care, complex administrate procedures (Patel & Rushefsky, 2014, p. 270). Annually, waste costs $700 billion (Patel & Rushefsky, 2014, p. 271). Another fraction of healthcare…

Healthcare in recent years has increasingly become more based on income, and wealth to be able to afford whatever medical treatment that you require. Since the Affordable Care Act, insurance premiums have gone up making it very difficult to afford insurance for my family. For this reason, my health conditions have been put off multiple times. I have had many different experiences in the health field including wanting to pursue a career in this field. Though the most recent diagnoses were…

fully-insured plan. Ideally Aetna would want everyone to be on fully-insured plans to maximize its profits. In fully-insured plans Aetna bears the actuarial/financial risk. In self-insured plans, employer pays Aetna a fixed administrative fees. Healthcare use by covered persons is paid for by the employer. Thus, Aetna doesn’t bear any financial risk due to higher claims. From short-term financial risk perspective, Aetna would be less worried about patients covered through self-insured plans…

the “iron triangle” because of how heavily interrelated each entity is within our current healthcare system (a change in one aspect of the triangle affects the other aspects as well). If we were to increase access to healthcare, cost for healthcare would also increase. And access to quality healthcare is often limited due to cost. I do believe that cost, access and quality are important pillars of our healthcare system but as the name ‘iron’ implies I don’t agree that this relationship is…

issues. The commission’s 488-page report contained 167 recommendations to the federal government on issues such as pay equity, the establishment of a maternity leave program and national child care policy, birth control and abortion rights, family law reform, education and women’s access to managerial positions, part-time work and alimony. Issues concerning Aboriginal women and the Indian Act were also addressed in a large section of the commission as well. All of these recommendations were…