Summary: The Financial Complexity Of The Health Care System

You have been asked by a health care magazine to write a series of articles focusing on health care financial concepts. The articles will be included in five consecutive issues and will be geared towards readers with little knowledge of finance. You must ensure that the articles are both informative and engaging to your audience. You must also ensure that your articles relate financial principles to the health care industry.

the complexity of the healthcare system makes it harder to provide service to the population, also a lack of knowledge about if does not makes the things easier. Healthcare practitioners and leaders require having a strong knowledge about the healthcare system, not understanding the healthcare system will only hurt the population in need. Healthcare practitioners need to understand the complexities of the healthcare system because a lack of knowledge from them will limit the help provided to the patients. Some treatments of procedures that patients require need an immediate response and not understanding how the healthcare system works for each particular patient can complicate the delivery of help. Additionally, since the healthcare system is constantly changing healthcare practitioners need to fully understand the actual system in order to be able to adapt their service to the changes.

Health care spending in the United States of America as a percentage of the economy has reached astonishing heights, equating to 17.7 percent. This number is shocking when compared to other counties; in Australia health care is 8.9 percent, in United Kingdom 9.4 percent, in Canada 11.2 percent. If the American health care system were to hypothetically become its own economy, it would be the fifth-largest in the world. While these statistics sound troubling, they lead us to look for answers about the problems surrounding our system. The first health insurance company was created in the 1930s to give all American families an equal opportunity for hospital care and eventually led to a nationwide economic and social controversy that erupted in the 1990s and continued to be shaped by the government, insurance companies, doctors, and American citizens. In this paper, I will go in to detail about the various opinions regarding the controversy, the history behind health insurance companies, and the main dilemmas brought out by the health care crisis. Greedy insurance companies combined with high costs of doctor visits and pharmaceutical drugs or the inefficient hospitals all over America can only describe the beginning to this in depth crisis. Recently, the United States health care industry has become know for the outrageous costs of insurance models, developments of various social and health services programs, and the frequent changes in medicinal technology.

Many forces shape our current healthcare system. Our cultural belief and values shape our views on our social, political, and economic exigencies. While our beliefs and values usually represent basic or core impressions of individuals in our society, they are constantly changing. Thus, they lend a sense of dynamism to our health care system. Our cultural beliefs and values also impact our sense of ethics, which also influences how we allocate our health resources and our sense of social justice, or lack of it. And although ACA represents a major reform the American health care system, history will tell us whether it survives after the next election cycles. Many of the forces in American health care that affected its evolution in the past are present today.

The healthcare system underwent reformation in 2010 in the form of The Affordable Care Act. The main goal of the ACA was to extend health care throughout the nation; irrespective of this intention, some people regard the Affordable Care Act as being paternalistic. Chapter 9 covers the issue of how ethical the imposition of new restrictions on people by the ACA is.

Medicaid is a vital lifeline for some 72 million Americans. Two-thirds of all Medicaid spending supports senior citizens and persons with disabilities. Cutting Medicaid would jeopardize the quality of healthcare, long-term services, and nursing home care for tens of millions of Americans. There are significant cost issues in America’s healthcare system that must be effectively addressed, but these challenges will not be remedied by benefit cuts to vulnerable

Our country is at the beginning of a greatly anticipated and much needed health care reform. Such a transition brings to the forefront numerous important ethical issues. Many of us have been privy to the gloomy statistics about the high cost of our health care system and some of its less than stellar outcomes. The purpose of this paper is not to grumble about the current health care system, but instead to concentrate on the existing reform exertions, the ethical justifications for its creation, and the ethical challenges it brings. Adhering to the essential ethical principles during the policy development process safeguards a sensible approach to finding an adaptive combination of health care system components.

The world as we know it has changed drastically in the past three decades, we are slowly but surely morphing into a worldwide community dependent upon computer technology. More specifically we rely on the Internet heavily for everything in our day to day lives. The benefits of expediency and the convenience afforded to those who utilize information systems their business dynamics is undeniable.

Healthcare reform has been challenge for many people of the great United States of America. There are sick people who are dependent on their healthcare benefits to aid in the recovery of an illness or just remain in the most stable condition possible. One of the hot topic issues that exists within healthcare reform is the cost of healthcare which includes insurance, medication, and other expensive, but necessary parts. The Trump administration has chosen another path for underinsured, low to average income citizens of the U.S. The ethical issues created by latest healthcare reform are an extension

Health care is a fundamental good and access to this good Role of government is confined to protecting the freedom of all

There has been a sharp increase in articles in recent years addressing ethics in healthcare with the rapid reforms and the millions added to healthcare coverage. The American Medical Association published just this month an article titled, “Ethics in Expanding Health Coverage through the private market”. (2015 #13). As this may not address specific compliance concerns, it does present an over all concern for the implications of the ACA, primarily being that this law does not guarantee coverage for all citizens and the subsequent burden placed on those who choose to purchase under its protection. The influx of funds to private markets gives them increased political power. It is the use of this power to examine and include into compliance

No, our healthcare system is not as effective as other countries. Even though the United States is the richest and most powerful country in the world, the healthcare system ranks 37th in the world in terms of quality and fairness. The United States is also the most expensive medical system in the world. However, forty-seven million people are without coverage and hundreds of thousands of people are in medical bankruptcy. You are required to make an appointment before going to the doctor, waiting times to get an appointment are high, and doctor visits are long.

Health care costs currently exceed around twenty percent and continue to rise where other countries spend less of their funding on health care but have the same increasing trend. An aging population and the development of new treatments are cause for some of the increase. Unrealistic incentives also contribute: third-party insurance companies and governments who reimburse for procedures performed rather than outcomes achieved, and patients bear little responsibility for the cost of the health care services they demand. However, few acknowledge a more fundamental source of increasing costs: the system by which those costs are measured. Honestly, there is almost a complete lack of understanding of how much it costs to deliver patient care,

The moral aspect of healthcare has always been a topic that is widely debated. As a country, we should be responsible for providing care and services for those in need. According to Saloner & Daniels (2011) the citizens of the U.S have a social obligation to preserve the opportunities of its’s citizens by achieving the health needs through insurance and by providing a form of insurance that protects people from finical hardships. This moral responsibility to our citizens can be arguably debated from both aspects but I believe that we must have some form of insurance to protect the wellbeing of every citizen in the United

As it has been alluded to, the current health care system heavily depends upon each subdivision to compensate what the other program lacks. However, the current system is an example of how the ideal of shared responsibility may be abused in some instances, although the ideal is still an option if used efficiently. The term “economics of responsibility” is used to convey an opinion outside the mainstream economists that government, employers, and individuals should share health care cost, although it is made clear to state that furthermore, they have a responsibility to do so. The idea conformed from J.M. Clark in a separate article where he terms “free market individualism and the notion that the public interest will be adequately served by an absence of intentional action as the economics of irresponsibility” (Champlin & Knoedler 10). Therefore, the current system is very true to the definition in being irresponsible with the wellbeing of the American people. The insurance industry is dependent upon its coordinates for its wellbeing, as are the American people for their overall wellbeing. The issue at hand requires a vivacious social awakening. A social movement that understands that responsibility is a “social construct”, rather it be perceived as a shared accountability. For best intents and purposes, health care is not a commodity, rather it is a patient based service rooted in altruism.