EU Policymakers have started shifting their focus in recent years to the main cost drivers in healthcare, which are inpatient hospital services and chronic disease management. The birth of private sector health care companies are being welcomed due to lower overall costs. Comparative data also shows that a monopoly of public health insurance, like the ‘Gebietskrankenkassen’, the regional health insurance in Austria, with its excessive bureaucracy, is much more costly and rigid than privately managed health insurance schemes. (Duering, 2015) Formalized cost savings health care organization proposed could increase the wanted private uniformity desired in the European Union. The current Health care platforms internationally are not sufficient or sustainable with the current compatible data. Change in health care is inevitable, and the right business models can be used internationally with high profit margins. Investing in health care is one of the less risky investments as it will always be there, with great room for growth. New market entrants will expand with the ongoing healthcare reforms. Almost a quarter of GDP in the European Union is spent on health care, demonstrating that the current funding is present. Greatest thing about this organization is the versatility of global expansion worldwide because of similar population needs. Home healthcare is becoming the next big solution to the aging population that will require more care. Approximately 12 million
Germany’s healthcare system is split into two types of coverage which is public and private health insurance. Health insurance companies are not able to deny people coverage due to pre-existing illnesses or to discontinue their treatment because of high costs. The public health care insurance is provided by statute to individuals who are not eligible for private insurance which is people who are salary and make under $50,000 annually. As people age and become ill, they are able to opt out of their insurance and turn to the government’s option. As the economy continues to fluctuate, the population of Germany relies more heavily on the legislative insurance which consists of 85-90% of the population.
A current issue with home health care and senior citizens is the need for medicine and food. In the current state of the economy with the rise and gas prices and the need of people to still commute, people have to figure out ways to get to and from pharmacies and grocery stores. In the economy two markets that will not fail in recession are discount retail food and medicine because people need both to survive (Viswanathan, 2009). According to AAA (2012), the national average for gas is currently $3.39 per gallon. The cost of gas coupled with the cost of prescriptions and groceries create a huge issue in elderly, disabled, and unfortunate
A Health care system of any country is an important consideration for the purposes of the overall development. One of the most important and essential feature of the human body is the health and the systems. In the same manner, proper management is also necessary. Furthermore, all the countries of the world have few targets and achievements to be made. On the other hand, it should also be noted down that, economic development and social welfare the two most are the two important factors. Economic welfare is connected with the increase in the wealth of the people at large (Niles, 2011).
Health care systems are highly complex and require vast resources. Moreover, providing healthcare coverage to all citizens can be challenging for many countries. Different models and theories abound all over the world about how best to provide care and only the most developed countries have adequate resources to truly provide universal coverage to their citizens.
Globalization in healthcare is a topic that has been the subject of many debates worldwide. While practically the entire world is becoming a global village due to globalization, the healthcare industry was considered to be invulnerable to this trend. This was attributed to the fact that healthcare is a service industry, where service is delivered on area of purchase. However many developments not only in the healthcare industry but in the entire economical sphere as a whole have seen the aspects of globalization. As a result globalization in the healthcare industry is a common phenomenon in the contemporary world. As the healthcare industry across global boundaries becomes increasingly intertwined,
Access to quality healthcare is the one of the top stories in international news today. Most countries around the world are finding different ways to control cost and delivery quality healthcare to its populations. Most countries have the difficult task of offering quality healthcare at an affordable price, without crashing the financial market within the countries. With a growing population and an elderly demographic that are living longer, this has caused a strain on healthcare resources that has a high cost on the economy that is limited. In the United States “Universal Healthcare” is a concept that was introduced to Americans since Bill Clinton has been President. Along with the United States, other countries are preparing for a
An alternative lies in the Bismarck model of healthcare. In this system, employers and employees jointly finance insurance through payroll deductions (PNHP, 2010). In contrast to the U.S. insurance industry, insurance plans in this model do not make a profit but must include all citizens. This option may provide a better choice for the U.S. because doctors and hospitals remain private and people still have the freedom to choose their own plans (Wallace, 2013). According to Michael Borowitz, a senior health policy analyst at the Organization for Economic Co-operation and Development in Paris, “What makes it most interesting from a U.S. perspective is that it uses private insurers, [instead of Medicaid and Medicare] the public insurance is actually covered through private insurance, thorough the government regulating private insurers” (PBS, 2009). This model is what the United States should emulate in the future to ensure the better health of a nation. The system in the Netherlands provides a success story of Bismarck system implementation.
The United States can boast of being the country with the best technology in the health industry, the best expertise and also the best infrastructures. However, these services are not readily available to all due to the relative cost and mostly lack of health insurance. In some situations, the health insurance may be available but coverage is limited and with tentacles of restrictive clauses. For years these have been the measure of our healthcare system and long overdue overhaul that became eminent via the Obama Care in 2010 also known as the affordable care act. The rapidly rising health care costs over the decades have prompted the application of business practices to medicine with goals of improving the efficiency, restraining
A single payer system of healthcare, most notably modeled by European countries and Canada, aims to be more efficient, cost effective, and have a broach reach among citizens, leaving 0% un-insured. Although, the system covers only the government provided “necessities”, where the single payer is the government insurance, which covers “medically necessary” ( nejm. org) operations or checkups, and leaves citizens to use private insurance to cover other “services not covered not covered by the government plan” (nejm.org) This model allows for the allocation of a nationwide insurance program, without the loss of competition for private insurers. This healthcare system can co-exist with private insurers to offer competition, while ensuring that a vast majority of U.S citizens have health insurance.
The cost of care has been a growing problem throughout developed nations during the last 15 years. For example, across 34 nations that make up the Organization for Economic Cooperation and Development (OECD), the average per capita health care expenditure increased by more than 70 percent between 2000 and 2010. However, the biggest spenders — such as
In 1998, the Commonwealth Fund started supporting an analysis that deals with cross-national health structures. The study was based on the OECD health care statistics and aimed at placing the USA health system performance in a global context to derive reliable lessons for the policymakers and leaders in the nation’s health care department to follow (Schiff, 2010). For example, the OECD results of 2006 indicated that, based on both the percentage of GDP and per capita ratio, the U.S health care department utilized more funds/resources compared to those in the majority of the industrialized countries. Moreover, an OECD analysis of 2002/03 indicated that the U.S.A had the peak mortality rate when compared to other nineteen OECD member nations (Schiff, 2010).
This paper presents a comparison of the health care systems in the United States and the Netherlands. The health care systems in the United States and the Netherlands are both a work in progress. This paper compares the many common strengths and weaknesses between these two countries health care systems using recent data and current trends. The government of the Netherlands has been working towards providing universal health coverage for their citizens since World War II. The government of the United States is divided on the necessity of providing universal health coverage for its citizens; however, it appears to be moving in this direction. The United States approximately 70 years behind the Netherlands on the health care front. Comparing the similarities and differences in the health care systems of the United States and the Netherlands gives a lot of insight into policy changes and reform that could benefit the United States. The continually improving health care system in the Netherlands may be the best model for the United States as it moves towards a Universal Health Care system.
Growth in the number of the baby-boom generation that enters old age is the main driver of increased demand for long-term care. Women are more likely to use long-term care compared to men because they live longer and often outlive their husbands. The main goal of the long-term care is to provide a variety of services that help to meet a person's health or personal care needs. In addition, the services can be provided at home, in the community, and in facilities. Most of the long-term care services are expensive; as a result, Americans spend billions of dollars out of pocket on the services. The most expensive is the facility-based care, such as assisted living and nursing homes. For example, according to the New York Times, the
The world is going through healthcare crisis because of the financial crisis in which countries cannot successfully meet twenty-first century person's access to medicine due to the skyrocketing insurance premiums.Decades ago this was not the case, especially in wealthiest countries like USA. In 1960s , the theor
Clearly, health care in the United States has become far too expensive, we spend more on health care than any other country in the world. Recent data indicates that we spend over two trillion dollars annually on health care, representing over seventeen percent of the gross domestic product (GDP) and these numbers are growing fast. It is estimated that by the year 2025 health care spending will be twenty-five percent of the US GDP. This spending level is over two and a half times more per capita than the average of the thirty four countries in the Organization for Economic Cooperation and Development, which includes most of the developed countries of the world. Yet, despite these high levels of spending, of the countries in the OECD only the United States, Turkey, and Mexico do not have universal healthcare coverage for their citizens.