Analysis on American Well

The increase of expenses - As politicians continue their dissension amongst each other, the situation is worsening in our healthcare system. According to the World Health Organization, to achieve universal health coverage, countries need a financial system that enables people access to all types of health services without incurring financial hardship (Carrin, Mathauer, Xu, & Evans, 2011). This idea would be the foundation of innovative ideas that the U.S. could reform its healthcare system, but too many ideas are sabotaging any valid efforts. In the mean time, the U.S. healthcare system continues to deal with issues such as the increasing uninsured Americans (over 49 million), expensive administrative procedures and the inability to measure the accuracy of quality of care, access of care, and the increasing healthcare spending and financing that limit our ability to efficient utilize resources.

There are many problems with healthcare in America today. One of them including the astronomical cost. According to CDC.ORG in 2007 the average person spends seven thousand four hundred dollars per year on health care alone. This rise in healthcare is extremely detrimental for families, seniors, and people of all ages. With such a high cost of insurance people are forced to make hard choices in

The healthcare system plays a key role in the economic stability of our country, as every year trillions are spent in attempt to combat disease and health issues that plaque humanity. As it makes up a significant amount of the expenditures in the economy, so the costs associated with health care of those in pain from illness and injury, including lost productivity, increased need of assistance in living and also the cost of death in some cases, is important to the economic stability and over all standard of living in our country. The key to economic prosperity is balancing the need for care with the costs of illness to keep as many people healthy and well without breaking the bank of collective society. The costs of healthcare have been increasingly problematic in recent years with so many issues surrounding the current system. With the “total health care spending in the United States expected to reach $4.8 trillion in 2021, up from $2.6 trillion in 2010 and $75 billion in 1970, meaning that health care spending will account for nearly 20 percent of gross domestic product (GDP), or one-fifth of the U.S. economy, by 2021” (Aetna). With this in mind it is apparent that as we look at the trillion-dollar industry of the medical community it seems that it needs to be a major focus of our nation as a whole and with the many issues come many creative solutions. First let us analyze the reasons behind the current cost and the major problems facing this industry and than discus what

The purpose of this paper is to review and discuss the current level of national healthcare expenditures and to determine if we as Americans are spending too much on healthcare. The author of this paper will provide examples and solutions where we as a nation should add or cut from the healthcare expenditures. This paper will also detail how the general public's healthcare needs are being paid for, the biggest economic healthcare challenge, why the challenge should be addressed, and how this challenge to be financed.

The single most important impetus for healthcare reform throughout recent history has been rising costs (Sultz, 2006). In the book called The healing of America: a global quest for better, cheaper, and fairer health care, Reid wrote that the nation’s health care system has become excessively expensive, ineffective, and unjust. Among the world’s developed nations, the US ranks near the bottom for healthcare access and quality. However, the US ranks at the top for health expenditure as a percentage of the Gross Domestic Product (GDP) and average of $7,400 per person (Reid, 2010). Therefore, Americans are spending

Uncontrollable skyrocketing health care costs not only effect our economy but every American pocket book. The Obamacare Act was the most important healthcare reform enacted since Medicare/Medicaid was created in 1965 (Jama, 2016). The Affordable Care Act has made a substantial progress in solving the challenges U.S healthcare faced for decades. The uninsured rate was dropped from 16.0% in 2010 to 9.0% in 2015 (Jama, 2016). Not only has the ACA delivered an access to quality

National Health Care Spending Paper Irene Harris HCS 440 – Economics: The Financing of Health Care BSCS0T2JY4 University of Phoenix Online Instructor: Geoffrey J. Suszkowski, Ph.D., LFHIMSS October 25, 2010 Introduction The subject of healthcare in the United States can be a contentious one, and it is also an area where peoples' perceptions don't always align with the facts given by policymakers. What makes healthcare spending so scandalous is the amount of money the United States pours into healthcare each year. Over $8,000 per-patient per-year costs, amount that has more than double any of the other nation. Yet 15 to 25% of the American population has no healthcare coverage due to a lack of any form of universal

Health care costs have been a contributor of America’s long-term fiscal imbalance. In 2015, total health care expenditures accounted for 17.8% of the U.S. economy (Center for Medicare & Medicaid Services, [CMS], n.d.). And of that 17.8%, 50% accounted for government spending. This conflicts with our notion of a predominantly private financing system of health care in the United States (Himmelstein & Woolhandler, 2016; Kolata, 2012). Moreover, two often overlooked tax-funded health expenditures—tax subsidies to health care (10.1% of total spending) and government payments for public employee’s private health insurance coverage (6.4% of total spending)—together, put the U.S. in first place for health care taxes. Yet, many patients are

The High Cost of Care-Bitter Pill By Steven Brill Summary Steven Brill feels that American health care is eating away at our economy and our treasury and discusses the costs associated with the provision of health care services in the U.S.. The article explores the medical world through the medical expenses incurred by a 64-year-old Janice S., Sean Recchi, A 42-year-old from Lancaster, Ohio and several other egregiously billed patients. The article poses the question: why exactly are the medical bills so high; in particular hospital bills?

Analysis of Contemporary Health Care Issues US health care expenditures have been rising quickly over the past few years; it has risen more than the national financial system. Nonetheless a number of citizens in the US still lack appropriate health care. If the truth be told, health care expenditures are going to continue to increase; in addition numerous individuals will possibly have to make difficult choices pertaining to their health care. Our health system has grave problems that require reform, through reforming, there is optimism that there will be an increase in affordable health care and high-quality of care for America. Medicaid, Medicare and private sector insurances are all going through trials and tribulations because of

Automation of Health Care Maximizing successful patient outcomes is the heart of the Hippocratic Oath. To treat one’s illness to the best of a physician’s ability while preserving a patient’s privacy is the foundation of health professionals and health care institutions strategic intent. While this oath is one of the oldest binding documents in history its principles are still held sacred today (Tyson, 2001). The use of this oath or a modern version of it, with graduating medical professionals, is common. Taking this oath would suggest that as new technologies become readily available and help improve outcomes it is incumbent on the physician to embrace its adoption. Castillo, Martinez-Garcia and Pulido (2010) identified physicians have been slow to embrace electronic systems which are capable of improving patient outcomes and lowering the cost of conducting business.

Proof of Diagnosis: My perception of this case is the introduction of Teledoc. This service is suitable foe all consumers and it creates convivence for consumers who are able to access their primary care physician. The patient is able to receive a consultation over the phone regarding medical advice, but it may cause issues with delay in services if a physician is unavailable. Teledoc would have to make several physicians are available to provide services.

More so, the usage of the Internet and other global media has expanded the ability of patients to have access to an enormous amount of information about diseased previously thought “too technical” requiring government policy that sought to limit the control and influence of physicians.

The future trends in health care are limitless. From using applications that perform EKG’s to robot-assisted surgery, the rapid expansion of technology applications in health care is astounding. Advancing technology also pushes the boundaries of health care in its ability to integrate health care information. The integration of health care information is critical to the effective, efficient delivery of quality care in a now fragmented health care system. This paper will assess how the internet or any new forms of electronic communication can be used as an external delivery source of communicating patient-specific information, address the impact of distance delivery on health care, how these communication issues impact health care today and

AMERICAN WELL AMERICAN WELL ONLINE CARE AND ITS POTENTIAL  Communication : The Interaction between the Doctor and Patient can be immensely improved , where the patient can provide their feedback , acknowledgment and condition via email instead of scheduling new appointment  Choice of Doctors: The Patients can choose which doctors want to be seen there by giving them an option to pick doctors of their choice based on their experience and reviews  Second Opinion: The patient can take an immediate second opinion if in case of doubt. There by eliminating ones cynicism about their illness  Social Stigma: The concept of Social stigma is completely removed as customer can have privacy as he can book the appointment meet the doctor from