Cost Of Illness Analysis Paper

Chronic and acute illness are extremely serious issues in the United States today. Although the two can go hand-and-hand, there are distinct differences between them. Chronic diseases is a leading causes of death and disability in the United States today. Conditions such as heart disease, stroke, cancer, type 2 diabetes, obesity, and arthritis are known to be among the most common, costly, and preventable of all chronic health problems. Two of the chronic diseases, heart disease and cancer, together accounted for nearly 48% of all deaths (CDC, 2016).

Many experts in healthcare economics point out that chronic medical conditions are directly associated with higher costs (G., 2010). This association is mainly attributed to the high usage of all types of care (Kongstvedt, 2013). Reports show that the number of people suffering with chronic conditions is radically rising and forecasts suggest that the number of American’s with one or more chronic conditions will continue to grow by an estimated 37% between 2000 and 2030 (G., 2010). It is in our patient’s main interest to shift our current focus from treatment for acute conditions to target a better utilization of the recorded 78% of health spending devoted to people with chronic conditions. The new strategic approach is one of developing quality medical care for people with chronic conditions which require ongoing care and care management to improve their health status (Kongstvedt, 2013).

Our Healthcare system is clearly business based according to the article “Cost Conundrum” and on the movie “Escape Fire”. In the movie it had an impacting story of an older lady who had heart problems where she went to a doctor and they were going to charge her thousands of dollars were later she went to a different doctor and they charged her a couple hundred dollars for t he same procedure. I couldn’t believe that in a different office she would get the same procedure done for a lot cheaper than in the other doctor’s office. Also, it surprised me how the medical staff are giving all these medications to our soldiers were they are clearly

burns through $2,797 more every individual consistently than other industrialized nations, despite the fact that 47 million of those individuals are uninsured so the U.S. spends more is that simply the value we pay for having the free decision of suppliers and driving the trends in therapeutic innovation. Not really because no less than 30 percent of all delivered human services administrations are thought to be pointless on the grounds that they do not make very sick individuals any healthier. As an illustration, we should consider Medicare spending. One study contrasted patients and comparable afflictions in high-spending Medicare areas and low-spending Medicare districts. Those patients in the high-spending ranges, who saw their specialist all the more regularly and spent more days in the health facilities, had an expanded risk of biting the dust when contrasted with patients in the lower-spending territories who had the same ailment. It's as though heading off to the specialist in this nation can make a man significantly more debilitated, maybe on the grounds that a patient runs the danger of experiencing unnecessary treatment that correct only the symptoms and not the disease (PBS,

Grossman’s model states that a person utility is based on health (H) and other non-health related goods (Z) that the person consumes. The production possibility frontier for Grossman model shows the tradeoff between home good production (Z) and health (H). Unlike usual production possibility frontiers, an individual needs an optimal level of H to maximize consumption of Z goods.

Medical coders, are always working side by side with medical billers and although many people confuse these professions as the same thing, medical coders and billers have different responsibilities individually. It’s a good idea to get your medical coding certification not only because most jobs now a days require some type of schooling, but its also a good idea because it shows the company that you are someone that could fit in just fine. Certifications also shows that you are proficient in your area and are committed to quality healthcare by disseminating quality information, it’s one of the first qualifications that employers look for when they review you as a potential candidate, and it’s an asset when you’re negotiating a salary. In addition, the majority of billing companies have contracts with their clients that obligate

The Christian faith views death and disease as byproducts of sin and are a part of life due to sinful human nature. Jesus was a healer of people and the followers have followed in His footsteps. The early health care system was started by nuns and other followers in the church (Preston, 2000). By following the teachings of their religion they sought to address health and suffering by taking a holistic approach to healing. By taking into consideration the mental and spiritual, along side the physical, they believe a deeper level of healing can be given. Health is not just addressing the physical symptoms but, helping achieve a peaceful state of mind and having meaningful relationships with those

The nation health care system is facing significant challenges that requiring immediate major reforms. Lately close attention is drawn to the uninsured Americans, such as the most painful dilemmas of health care system. The problem of uninsured and uncompensated care continues significantly contribute to the rise of the health care cost and has been a chief topic for public debates and political campaigns for a long time. The purpose of this paper is to describe the current extent of uninsured care and provide the strategies from the nursing point of view how to change the trajectory of this prevalent issue in the USA health care system.

The debate of cost verse care in the United States (U.S.) health care system is a conversation that has to continue. The stakeholders and policy makers should continuoulsy work to adjust cost based on a compassionate care model to bring the highest quality of care to U.S. patients. Continual adjustments are needed at all levels of our health care system to sustain care coordination. The practical health care model can guide the cost side while a compassionate care model has to be used to counter. Both sides can join to structure a functional cost effective healthcare system. The three most important aspects to understand when making healthcare decisions in the U.S. are economics, research, and ethics.

The Medical Expenditure Panel Survey (MEPS) is an annual report utilizing nationally collected data from surveys regarding areas of health care expenditures, utilization, health status, and health insurance coverage for non-institutionalized, non-military population of the US. MEPS is the most complete source of data on the cost and use of health care and health insurance coverage. The Agency for Healthcare Research and Quality (AHRQ) administers MEPS, providing data on individuals, families, and health care providers. MEPS contains three elements of data: Household Component, the Insurance/Employer Component, and the Medical Provider Component. The Household Component section is the only data available for download off the Internet. Within

I personally feel the affect economics have on healthcare or the lack there of, can never be explained any clearer; unless you are experiencing it yourself.

Parkinson’s disease is a very well-known disease. It plagues about five million people worldwide, about a million of those cases are in the United States. A person does not lower their chances of getting Parkinson’s by living in a certain part of the world. It is not more, likely to happen in one location than, another. It has to do with age and genetics (“Demographics of parkinson’s,” 2014). It is a disease of the older generation, around about one percent of people over the age of 60 years old have Parkinson’s disease (Hauser, 2014). As one ages the likelihood of a person developing goes up. About four percent of people over the age of 80 years old develop Parkinson’s disease. The percentage of people who have Parkinson’s that are younger than 40 years old, is less than 10 percent. It is more

I 've learned while conducting these interviews that both individuals have similar issues with the healthcare system.

There is no denying the fact that the cost of health care in the United States has been on a constant rise than the wage of the employees that pay to have access to better healthcare. There is the general fear among these employees that if the rising cost of the health care is not brought under control, there will come a time, and some analyst think, the time is already here, when those employees will not be able to afford health care for themselves and their families. This fear of the unknown is particularly evident among those closer to retirement. Employers of labor have for quite sometimes now, been shifting the burden of the high cost of affordable health care to their employees, and that has significantly reduced employee standard of

Cost-benefit, cost-effectiveness and cost-utility analyses are forms of economic evaluation which are useful in health economics for comparing costs and allocating resources. Health economics is widely relevant to governments and the health sector in implementation of new policy, as it concerns the allocation of resources in the context of a limited budget, or 'scarcity'. Economic evaluation is a potential tool for setting priorities in health, though it is only one of many potential criteria, including overall budget and public attitudes and wants. Economic evaluation is already in use in some settings, such as in pharmaceutical company proposals for government subsidisation, but there is room for expansion across the field of