Regulations that prevent insurance companies from participating in interstate commerce have caused competition to grow stagnant in the United States. This lack of competition has allowed the adoption of wasteful procedures by healthcare providers, which in turn passes the increased expenses back to the insurance companies. Therein, insurance costs increase, crippling consumer’s cash flow and quality of life. While healthcare costs continue to rise, people must scrutinize the current healthcare system.
On 14 July 2009, the most significant bill during the Obama administration was introduced, House Bill (HB) 3200. In the bill contained what many hoped to be the final solution of healthcare reform in the United States. The HB 3200’s purpose was
Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage may get the best medical treatment in the world, the health of the average American, as measured by life expectancy and infant mortality, is below the average of other major industrial countries. Inefficiency, fraud and the expense of malpractice suits are often blamed for high U.S. costs, but the major reason is overinvestment in technology and personnel.
One of the most controversial bill was made a law on March 23, 2010. President Obama signed the bill that passed the Affordable Care Act (ACA), more commonly referred to as Obama Care. “The ACA represents the most sweeping reform since the creation of Medicare and Medicaid in 1965”(Shi&Singh, p. 111). The opposition to implementation to ACA should not have come as a surprise and certainly was not implemented as smoothly as intended. It was passed via compromise, thus creating loop holes in a fragile new system in the infancy stage. Such a drastic, yet necessary, reformation in health care came at a time of financial insecurity in a nation that is only a few years out of a recession. Taking on the responsibility
Creating a health care reform plan for the U.S. health care system is no easy task. Multiple things must be taken into consideration. These include making insurance affordable, making sure the plan is economically feasible, and creating a plan that will still work in the future. What hindered the reshaping of health care into a sustainable system in the past, are the health sectors interests that prefer the status quo. By continuing to cling on to yesterday’s model, the health care industry is creating its own peril (Schaeffer, 2007).
The Obama Presidency is known for many things: two wars, economy crashes, government shutdowns and, yes, the infamous Obamacare. Throughout the last six years, President Obama’s agenda was set towards passing a major healthcare reform bill: The Patient Protection and Affordable Healthcare Act (ACA), more commonly known as Obamacare. Passed on March 23, 2010 under considerable opposition, ACA is widely considered to be the landmark achievement of Obama’s presidency, and his hopeful legacy for historians long afterward. The law has since survived multiple challenges regarding its legality, but its impact on the intended (original) goal of reducing medical costs is still unclear. Affordable healthcare for all
In my view The Patients’ Choice Act that was introduced by Paul Ryan in 2009 would have been a better choice for the new health care reform than The Affordable Care Act. Even though there is no health care crisis of the uninsured, Ryan’s plan involved incentives for prevented care that could lower cost of premiums and encourage healthier lifestyles. Under The Patients’ Choice Act, the American people retain their freedom whether to have health care or not; however the ACA has a personal mandate that requires individuals to carry health care insurance or face a fine (tax). Ryan’s plan would have ensure universal affordable health care for all Americans without increasing government spending.
U.S. health care reform is currently one of the most heavily discussed topics in health discourse and politics. After former President Clinton’s failed attempt at health care reform in the mid-1990s, the Bush administration showed no serious efforts at achieving universal health coverage for the millions of uninsured Americans. With Barack Obama as the current U.S. President, health care reform is once again a top priority. President Obama has made a promise to “provide affordable, comprehensive, and portable health coverage for all Americans…” by the end of his first term (Barackobama.com). The heated debate between the two major political parties over health care reform revolves around how to pay for it and more importantly, whether it
Competition is forcing consolidation of health insurers. Two years ago, there were fifteen major for-profit insurance plans that controlled the national market. They have consolidated into nine players, and further changes are predicted. (Singh & Sawhney, 2006)
The U.S. health care system unlike many other advanced industrialized countries do not have a uniform system. Until recently, there has been no universal health care coverage or legislation mandated healthcare coverage required for everyone (Dorning, 2016). This has lead to many different consumer’s perception of the U.S. health care system. Consumers like the facts that they get to choose the plans and coverage they want along with choosing the doctors and medical professionals they wish to see while getting high-qaulity clinical care (Jonas & Kovner, 2015). They can also get access to the latest medical technologies and pharmaceuticals. Jonas and Kovner (2015) states that some of the consumer’s dislike of the U.S. health care system is
“Health care is big business that has a major impact on our nation’s economy” (GCU Lecture 1). It is one that is highly regulated by both federal and state level governments as well as that of accrediting agencies.
The current state of the American healthcare industry has consequences reaching far beyond the health of individuals, because decisions regarding health care and insurance reverberate
The cost of healthcare has been an ongoing issue and never-ending topic. Most people might agree that our necessities as citizens of this country, seem to come with a hefty price. Whether it’s the rising costs of grocery, the rising costs of gas, or the rising costs of healthcare, it’s affecting families across the country. The costs of healthcare alone, has been known to deter people away from getting the healthcare they need. Although there are federal and government laws in place to protect consumers from monopoly and ensure fair competition is practiced within healthcare organizations, these laws continue to be violated.
Healthcare industry is constantly changing we are seeing more technology and customer focus innovation to meet the needs and well being of the patient. The introduction of the New Healthcare Reform is challenging leaders to reduce cost, decrease waste, deliver personalized experience, improve quality, and safety. According to Mc Natt (2015), “improvement in the quality of hospital care is a fundamental aspect of health system strengthening that is directly linked to the service delivery dimension of the World Health Organization (WHO) building blocks of a health system” (p.719). Improvement in processes both internal and external will need to be continuous on a daily basis. Performance improvement projects are used to
Within the last 25 years the health care has underwent radical changes. The two reasons that the changes have occurred is due to the rapid growth of managed care and the government’s inability to reduce the growth of health care expenditures this has contributed greatly to the changing of the health care market. In the managed care plans arena there is an attempt to control health care cost by changing the patterns of the health care delivery system. The federal government has altered the delivery of services as well with the Medicare payment system. A lot of providers have engaged in mergers and agreements in response to cost control pressure from health insurers and government payers. (Argue, 2016) Each change made known to not only advances
Over 54% of Americans are against the Health Care Reform act and I am part of that percentage. This reform is asking Americans to give up some of their freedoms or risk getting a penalty. Many parties/groups are against this reform act as well and the following paper will show some of the arguments they have against Obamacare.
In US healthcare, the open market has provided us a situation where we consume twice as abundant as other developed countries but end up at the low end of health status. That arise a market failure in medical markets, and there must be some particular steps taken for reconstructing the United States health care system to avoid market failures in such a prominent sector. In fact, the rising medical costs in the nation appears to influence negatively on the medical markets across the land, the role of government is to reform heath care system, pass laws, and regulations that should reduce the cost and provide the care to all to prevent such market failures. However, there are certain other recommendations implemented by many regarding mitigating