Cost Benefit Analytical Reviews For The New Health Care Insurance Package

The United States healthcare industry is facing some serious long-term issues. The number of uninsured people is in millions.

More and more people with medical insurance are relying on the health care system as new technologies and treatments become available. This leads to a grater number of claims for payment by insurance companies, the costs of which are passed back to health care consumers. The baby-boom generation is entering its peak health-care using period. Over eighty million Americans will turn 50 in the next 10 years. The cost of providing heath care for these individuals will be staggering

As you learn about health care delivery in the United States, it is important to understand the various models of health insurance to develop a working knowledge as you progress through the course. The following matrix is designed to help you develop that knowledge and assist you in understanding how health care is financed and how health insurance influences patients and providers as important foundational information for your role as a future health care worker. Fill in the following matrix. Each box must contain responses between 50 and 100 words using complete sentences.

Employers are continuing to face rising health benefit costs and are constantly looking for alternatives to control these escalating costs. Health benefit premiums continue to increase at a double digit pace for employers and employees (Poor, Ross & Tollen, 2004). This escalation is putting environmental pressures on all impacted stakeholders. Companies and insurance providers are squeezing this industry to get a handle on cost while still providing an appropriate level of care. This cycle puts the patient front and center as the ultimate stakeholder who incurs changes in health benefits. This mandate of cost control, efficient operations and market share has facilitated a constant analysis of the dynamic health

There are providers, of public hospitals community and rural health centers, and local health department considered to be safety net providers that service the uninsured. But the result of increased demand has caused limited capacity and decreased treatment options due to eroding finances (KFF, 2013). In order to improve the well beings of Americans, it is imperative to establish a health care policy that will deliver comprehensive coverage for all.

With the implementation of the ACA, many states have expanded their Medicaid programs to include a larger population of low income individuals and families that were not able to obtain health insurance prior to the law. Some of the issues that state legislators struggle with are the overall cost of providing services for the additional recipients, staying within budget, determining an adequate approach of offering quality care, and providing adequate coverage for each recipient. Even though the cost of Medicaid expansion within each state has increased the budget for the program, new appraisals has shown that Medicaid programs spend less per enrollee than commercial health insurance and much of the increase in Medicaid expenses originate from the increase in enrollment in the programs (Coughlin, Long, Clemens-Cope, & Resnick, 2013).

Before the Obamacare, many individuals had no medical insurance. A noted author, Amy Anderson state: “Approximated 30 million Americans were anticipated to gain health insurance through the Affordable Care Act (ACA) or Obamacare; a comprehensive healthy workforce would be needed to meet the massive demand”. (Anderson, 2014)

Obamacare, also known as “The Patient Protection and Affordable Care Act,” or ACA, was enacted in 2010 under the Barack Obama administration. The Affordable Care Act does five main things: it enacts insurance market reforms, establishes an employer mandate, creates new federal and state health insurance exchanges, institutes an individual mandate, and expands Medicaid eligibility. This historical piece of legislation was met with much confrontation, forcing the Obama administration to cut deals and negotiate terms with opposing parties in order to get the act passed. The Affordable Care Act works, and its success is evident in the data. The number of uninsured Americans has decreased from 18% in 2013, just before the Affordable Care Act was

I have been asked by Cooper-Pearson to research different medical insurance plans that they could consider as one of their selected insurance programs for their marketing company. My goal is to provide them with enough details in order for the company to make an informed decision as to which program they would like to consider. This information will allow them to provide their employees with an effective compensation package that is both affordable and desirable and I believe that once an attractive compensation plan is in place; we should expect the retention rate of the company to improve and the recruitment of quality employees to increase as well. First I will start by demonstrating the comparison and contrast between an HMO plan and a

When the Affordable Care Act (ACA) was enacted on March 23rd, 2010, it transformed the lives of people all over the US, in states who expanded. It allowed families to qualify for government programs such as Medicaid, CHIP, and government subsidies, and for young adults to stay on their parent’s insurance until the age of 26. The ACA was a sign of relief and good news for all but two groups, lawful permanent residents and undocumented immigrants. In 2012, DACA recipients under the DREAM Act also became part of the groups excluded, leaving more than 6.5 million unable to access affordable care. In order to make a change, the New Mexico Rep. Michelle Lujan Grisham, from the Democratic party, introduced The Health Equity and

Castor Collins Health Plans, a regional health maintenance organization (HMO), in the state of Pantome provides HMO health insurance and health care services to enrollees through its statewide network of physicians and hospitals. E-Editors, a company with 1600 employees has asked Castor Collins to find an employee health insurance plan that accepts preexisting conditions at a maximum premium of $4,500 per person. Castor has two plans, which may fit the client's demands. This paper converses the selection method including risk factors as compared to premiums that the company is willing to pay. In addition, the paper also considers the selection method of Cigna as a comparison to data available for Castor Collins.

In my opinion, I feel that competitive bidding would provide long-term cost savings as long as the government takes the necessary steps to prevent fraudulent transactions in regards to excessive cost. The general rule of thumb to keep cost down on medical supplies and medications would have multiple vendors to compete for the business. By doing this it will create a savings for the government. The purpose of the Affordable Care Act is to provide health insurance for everyone, make health insurance more affordable to some people, no denial for pre-existing health conditions, more screenings are covered, and lower prescription drug costs. But on the offer side of the coin the negatives are that the insurance premiums will be higher for a

As an international student from the country with individual mandate, I was surprised to find out that there are millions of uninsured people in America. I was also surprised because the cost of both the insurance and the healthcare are so much higher than I expected. Still, during the first semester, I thought it will progress in a better way since the number of uninsured has been steadily decreasing with individual mandate in the Affordable Care Act.

The title of the article found in the latest releases of the Kaiser Family Foundation website is Ten Ways That the House American Health Care Act Could Affect Women. This article breaks down the new American Health Care Act (AHCA) and compares it to the Affordable Care Act (ACA), with a special emphasis on the impact on women. The ten points discussed in the article are as follows: “Medicaid eligibility, capping federal Medicaid and Planned Parenthood, abortion coverage, tax credits, premium and cost-sharing subsidies, insurance reforms, essential health benefits, preventative services, contraceptive coverage, and lastly, pregnancy-related care,” (Ranji, Salganicoff, Sobel, & Rosenzweig, 2017).

The first improvement in health care made by Affordable Health Act of 2009 is it has reshaped the health care system in terms of access by making it easier for those who couldn’t afford it, were out of the age range, or had preexisting conditions by making new rules to include them. It has also reshaped the health care system in terms of quality be ensuring that the payment to health care providers does not out way patient care. “To ensure premium dollars are spent primarily on health care, the new law generally requires that at least 85% of all premium dollars collected by insurance companies for large employer plans are spent on health care services and health care quality improvement” (Lopez, 2013). Another improvement made by the Affordable