Discussion Board Unit 2
.docx
keyboard_arrow_up
School
Purdue Global University *
*We aren’t endorsed by this school
Course
215
Subject
Finance
Date
Jan 9, 2024
Type
docx
Pages
1
Uploaded by LieutenantManateePerson984
Out of the 48 insurance companies that offer coverage for Indiana only 26 of those are accredited. The highest rated insurance companies were Atena Life Insurance Company, Anthem Insurance Companies (Anthem Blue Cross and Blue Shield Indiana), Sierra Heath and Life Insurance Company, and UnitedHealthcare of the Midlands. All of which had a four-star rating. What was most shocking to me was that Anthem (Blue Cross Blue Shield), Aetna, Sierra, and UnitedHealthcare of the Midlands are all Medicare. While Anthem did offer a commercial HMO/POS combined option that was rated four stars as well. Cigna Health and Life Insurance Company came in with the worst rating of two and half stars and is a commercial PPO option. Cigna received a low score of prevention and equity with only a one and half star given. While treatment was given a two and half star, and patient experience was given a three-star rating. Since Medicare and Medicaid plans seemed to be the highest rated options in Indiana, I researched my own health insurance company of CareSource. This is a state funded Medicaid program and I have had a few struggles with them over the years, versus my daughter who is on Medicaid through Blue Cross Blue Shield, and I have had no problems with. CareSource ranked in with three and half stars. CareSource was given three and half stars for patient experience, three stars for prevention and equity, and three stars for treatment. According to RAND “
consumers' choice of hospitals relied more on anecdotal press reports of adverse events than on the comparative assessments that were available”. RAND also seems to think that major corporate health plans are no more likely to use these report cards than the average person is when finding a healthcare plan and that the only ones using the data are health provider organizations such as hospitals. Brook, R., McGlynn, E., Shekelle, P., Marshall, M., Leatherman, S., Adams, J., Hicks, J., & Klein, D.
(2002).
Report cards for health care: Is anyone checking them?
RAND Corp.
https://www.rand.org/pubs/research_briefs/RB4544.html
NCQA. (2023).
Health plans
. National Committee for Quality Assurance.
https://reportcards.ncqa.org/health-plans?dropdown-state=Indiana&filter-state=Indiana&filter-
accreditation=Accredited&pg=1
Discover more documents: Sign up today!
Unlock a world of knowledge! Explore tailored content for a richer learning experience. Here's what you'll get:
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
In public health, we often struggle for funding. Understanding which health challenges are disproportionately impacting our Las Vegas community, the demographics of our Las Vegas community, and the economics of that community in Las Vegas can help us to produce a targeted intervention to assist those who are impacted by a selected health issue.
Data Acquisition Instructions:
What is Clark Counties Health Rankings showing the demographics witha table, select 3 areas that are highlighted and compare the number in your selected county to state and national levels.
Now, for the next part visit American Community Survey data page, in Clark county and the phrase median household income and select any with median income included to explore total median income or explore median income by age, race/ethnicity, family status, marital status or age groups.
Assignment:
By identifying local demographics in terms of race/ethnicity, age distribution, and median household income and combining these…
arrow_forward
One of the major difficulties facing the health insurance industry is that the people who are young and healthy see no need to buy insurance. The result of this tendency is that the people who want health insurance are the people that the insurance companies have the least desire to insure. The government's solution, under the Affordable Care Act (also known as Obamacare), was to simply mandate that all people must have health insurance. Unfortunately, this mandate did not yield the hoped for results of keeping one's doctor and cutting medical expenditures by $2,500 per family per year. (Infact, premiums have been rising.) Thus more reform is being talked about
Please explain the economic impact of the following reform proposals:
1. Decouple insurance from employment (allowing people to shop for their own insurance like we do for car insurance).
2. Allow insurance companies to screen applicants.
3. Allow consumers to signal that they are low-risk through the purchase of high-deductible…
arrow_forward
The problem to be resolved:
Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…
arrow_forward
The problem to be resolved:
Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…
arrow_forward
The problem to be resolved:
Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…
arrow_forward
The problem to be resolved:
Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…
arrow_forward
The problem to be resolved:
Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…
arrow_forward
Brookwood Pines Hospital
Question C5.4 is based on the following case.
Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2022, Goodfellow & Perkins gained a new client, Brookwood Pines Hospital (BPH), a private, not-for-profit hospital. The fiscal year-end for BPH is June 30. Goodfellow & Perkins is performing the audit for the fiscal year-end June 30, 2023.
BPH provides medically necessary care to patients, regardless of their ability to pay. Both uninsured and underinsured patients are offered discounts of up to 100% of charges based on their income as a percentage of the federal poverty level guidelines. BPH does not pursue collection of these accounts; therefore, they are not reported in patient service revenue and accounts receivable. The cost of providing the charity care is included in operating expenses.
BPH’s investments consist of mutual funds, common equities, corporate and U.S. government debt…
arrow_forward
Indicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas research project finds that health care spending varied widely between different American cities in the early 2000s, and that Medicare enrollees in high-spending cities were a lot healthier as a result.
arrow_forward
Can you please check my answer
arrow_forward
The effects of climate related risks on insurance companies.
- Identify the climate related risks which may affect insurance companies in St. Kitts and Nevis and the region on a whole.
- State the mitigating measures registered insurance companies should have in place to minimize the impact of identified risks.
- Include the steps the regulatory authority should take to ensure that this is monitored effectively.
arrow_forward
Fizz Ltd. (Fizz) is a manufacturer of carbonate and soda drinks. Fizz employs approximately 100 employees, consisting of production and administration staff. Fizz's production process is highly automated.
(a)
Explain any FOUR (4) distinct types of risk that Fizz faces and recommend any TWO (2) insurance solutions to each of the risk identified to Fizz's management.
arrow_forward
“Financing Health Care in a Time of Insurance Restructuring” Please respond to the following:Analyze the impact of financing the present U.S. health care system and the consequential ramifications for citizens. Rationalize the use of dwindling funds to support the burgeoning U.S. health difficulties in a time of other competitive national interests.Evaluate the levels of affordability and accessibility of different health services protocols that apply to working Americans and senior citizens under the U.S. health insurance umbrella. Rationalize the use of taxpayers funding for uninsured and economically challenged individuals.
arrow_forward
Cc. 209.
arrow_forward
Which of the following statements regarding the Patient Protection and Affordable Care Act (ACA) is true?
Group of answer choices
a. The ACA eliminates lifetime limits on total health care insurance payments by insurers.
b. The ACA limits the total number of surgeries for the insurers.
c. The ACA requires employers to reimburse the cost of hospital stays of the insured.
d. The ACA decides the insurance payments for dependents.
e. The ACA provides major medical insurance with low deductibles to protect against catastrophic illnesses.
arrow_forward
Indicate whether the statement is true or false, and justify your answer.In the 2010 American health reform law, one primary mechanism for financing the expansion of health insurance to the uninsured involves reducing planned Medicare expenditures.
arrow_forward
The executive team is debating offering a standard group health insurance plan with a healthcare flexible spending account (FSA) or a high deductible group health insurance plan with a health savings account (HSA). They believe they understand the differences between the two group health insurance plans but are less clear on how FSAs and HSAs differ. Explain in clear language the differences between FSAs and HSAs so they can make an informed decision.
arrow_forward
Under the Illinois Health Insurance Portability and Accountability Act (HIPAA), which of the following plans does NOT qualify as creditable coverage?
A.
A medical care program of the Indian Health Service
Community Based Care
B.
C.
D.
State Children's Health Insurance Program
A group health plan
Elag
arrow_forward
In public health, we often struggle for funding. Understanding which health challenges are disproportionately impacting our community, the demographics of our community, and the economics of that community can help us to produce a targeted intervention to assist those who are impacted by a selected health issue.
Download the Critical Thinking Portfolio Assignment Part I TemplateDownload Critical Thinking Portfolio Assignment Part I Template
Data Acquisition Instructions:
In Nevada, clark County Health Rankings:
Clark county health rankings and enter the name of your county or a county in close approximation to you and press enter.
At the top of the page, click show more for county demographics. Please produce a table for your paper using this information.
Click the check box entitled show areas to explore. Select 3 areas that are highlighted.
Click the variables to see how they are defined and explain this in your write up.
If trends are available, assess if the issue has been…
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
Business Its Legal Ethical & Global Environment
Accounting
ISBN:9781305224414
Author:JENNINGS
Publisher:Cengage
Related Questions
- In public health, we often struggle for funding. Understanding which health challenges are disproportionately impacting our Las Vegas community, the demographics of our Las Vegas community, and the economics of that community in Las Vegas can help us to produce a targeted intervention to assist those who are impacted by a selected health issue. Data Acquisition Instructions: What is Clark Counties Health Rankings showing the demographics witha table, select 3 areas that are highlighted and compare the number in your selected county to state and national levels. Now, for the next part visit American Community Survey data page, in Clark county and the phrase median household income and select any with median income included to explore total median income or explore median income by age, race/ethnicity, family status, marital status or age groups. Assignment: By identifying local demographics in terms of race/ethnicity, age distribution, and median household income and combining these…arrow_forwardOne of the major difficulties facing the health insurance industry is that the people who are young and healthy see no need to buy insurance. The result of this tendency is that the people who want health insurance are the people that the insurance companies have the least desire to insure. The government's solution, under the Affordable Care Act (also known as Obamacare), was to simply mandate that all people must have health insurance. Unfortunately, this mandate did not yield the hoped for results of keeping one's doctor and cutting medical expenditures by $2,500 per family per year. (Infact, premiums have been rising.) Thus more reform is being talked about Please explain the economic impact of the following reform proposals: 1. Decouple insurance from employment (allowing people to shop for their own insurance like we do for car insurance). 2. Allow insurance companies to screen applicants. 3. Allow consumers to signal that they are low-risk through the purchase of high-deductible…arrow_forwardThe problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…arrow_forward
- The problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…arrow_forwardThe problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…arrow_forwardThe problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…arrow_forward
- The problem to be resolved: Ready Hospital Supplies (RHS) trades in the buying and selling of supplies primarily targeting hospitals and private medical practitioners. During the COVID-19 pandemic, the business has experienced a rapid increase in demand and RHS is faced with the need for additional financing. You and your group members are the accounting associate supporting the credit request to Millionaire National Bank (MNB). The corporate banking head at MNB is requesting a full set of financial statements to ensure that granting the loan would be financially feasible during a period when many similar businesses are facing delinquency and foreclosures. Your head of finance has furnished you with the latest trial balance for RHS, along with other information relevant to the year under review and you are tasked to prepare the documents requested by MNB. Below is the trial balance which was extracted from the books of the business on June 30, the end of the company’s financial year.…arrow_forwardBrookwood Pines Hospital Question C5.4 is based on the following case. Goodfellow & Perkins LLP is a successful mid-tier accounting firm with a large range of clients across Texas. During 2022, Goodfellow & Perkins gained a new client, Brookwood Pines Hospital (BPH), a private, not-for-profit hospital. The fiscal year-end for BPH is June 30. Goodfellow & Perkins is performing the audit for the fiscal year-end June 30, 2023. BPH provides medically necessary care to patients, regardless of their ability to pay. Both uninsured and underinsured patients are offered discounts of up to 100% of charges based on their income as a percentage of the federal poverty level guidelines. BPH does not pursue collection of these accounts; therefore, they are not reported in patient service revenue and accounts receivable. The cost of providing the charity care is included in operating expenses. BPH’s investments consist of mutual funds, common equities, corporate and U.S. government debt…arrow_forwardIndicate whether each statement is true or false, and justify your answer.The Dartmouth Atlas research project finds that health care spending varied widely between different American cities in the early 2000s, and that Medicare enrollees in high-spending cities were a lot healthier as a result.arrow_forward
- Can you please check my answerarrow_forwardThe effects of climate related risks on insurance companies. - Identify the climate related risks which may affect insurance companies in St. Kitts and Nevis and the region on a whole. - State the mitigating measures registered insurance companies should have in place to minimize the impact of identified risks. - Include the steps the regulatory authority should take to ensure that this is monitored effectively.arrow_forwardFizz Ltd. (Fizz) is a manufacturer of carbonate and soda drinks. Fizz employs approximately 100 employees, consisting of production and administration staff. Fizz's production process is highly automated. (a) Explain any FOUR (4) distinct types of risk that Fizz faces and recommend any TWO (2) insurance solutions to each of the risk identified to Fizz's management.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Essentials of Business Analytics (MindTap Course ...StatisticsISBN:9781305627734Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. AndersonPublisher:Cengage LearningBusiness Its Legal Ethical & Global EnvironmentAccountingISBN:9781305224414Author:JENNINGSPublisher:Cengage
Essentials of Business Analytics (MindTap Course ...
Statistics
ISBN:9781305627734
Author:Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson
Publisher:Cengage Learning
Business Its Legal Ethical & Global Environment
Accounting
ISBN:9781305224414
Author:JENNINGS
Publisher:Cengage