The Effects Of Market Driven Health Care System

Over the course of our countries history, the delivery of our health care system has tried to meet the needs of our growing and changing population. However, we somehow seem to fall short in delivering our goals of providing quality, affordable and accessible healthcare to our citizens. The history of our delivery system will show we continuously changed the delivery of our system however never mange to control cost. If we can come up with efficient ways to cut cost, the delivery of quality care will follow.

Free markets which would allow patients more choices for health care coverage could also lower cost. Free market health care is a term used to define the choice a person has to buy insurance from anyone they please, regardless of state or employment . It is sold without government regulations, control, oversight or licensing. If you are paying for a service, shouldn’t you have the right to choose who you are purchasing that service from ? Why should government have a say in where and who you can buy your insurance from? In the State of North Carolina, we operate under a regulatory committee called the Certificate of Need (CON). According to the National Conference of State Legislature, the CON , is a program aimed at restraining health care facility cost and allowing coordinated planning of new services and construction. In North Carolina the state can’t dictate where you can build, what services you can offer and if they are valid. These services have already been researched by the organizations applying for the CON,

Is the US Healthcare system truly reflective of a free market economy driven by supply and demand? Initially, one would be inclined to think yes. In an ideal world, a free market is one which is driven by individual innovation and the concept that hard-work and ingenuity will be bestowed with success. Indeed, the biggest advantage of a free market is that it places the power of choice into the hands of the people. There is freedom to choose how you want to spend your money, what you want to spend it on, and whom you want to spend it on. Do you want to see a physician regarding a yearly physical? Open the yellow pages. You will more than likely find over 100 general practitioners in your immediate area to choose from. Do you want to spend your money on preventative care, early screenings, vaccinations, etc? Or do you want to spend your money on medications after you are diagnosed with an ailment? The main idea behind a free market is that prices will regulate themselves. In regards to the US Healthcare system, it is questions like

The United States health care system is lacking the needs to create a reliable system to achieve quality, access, cost, and educate for the consumers. Despite the efforts of the government to find a common ground to meet the standard for the societies, the system has yet to have a major improvement. These issues must be reexamined to fix the broken system. The United States health care expenditure is another issue that needs to be addressed to achieve the future goals of the healthcare system in the United States. Healthcare societies will need to interact differently by incorporating consumer’s empowerment, technology, and education to meet the future goals of the health care system. Also, the consumer must be highly educated on the purpose of preventive care to lower the risk of chronic diseases which account for a lot health care spending. The process of correcting the United States health care system will take time and effort from all individual to achieve greatness.

Socialized medical systems are designed to disregard the insurance industry and disregard income while providing health care for all. Healthcare in the United States is constantly changing and advancing, which requires the cost of health insurance to rise. The idea of socialized medicine is prominent, until the aspects of socialized medicine are brought to attention. Every aspect of a socialized health care industry is controlled and powered by the government; most doctors, nurses, medics and administrators are government employees, and the government decides when, where, and how services are provided. Even though socialized healthcare systems would save money, it is a prominent idea but not worth the problems because total government control over the way healthcare is distributed would result in complications of the citizens.

Free market healthcare reform is proposed solution to healthcare aimed at reducing demand for high cost primary healthcare services, increasing supply in the health care market, and lowering market transaction costs. Utilizing a free market system in healthcare could potentially maximize welfare by vesting health care choices

A major contributor to the rise of healthcare cost is that heath spending for individuals is primarily funded by third-parties. Because consumers of healthcare share little of the financial burden of the cost of the care they receive, patients and physicians are incentivized to utilize healthcare at a higher rate than they would if cost was a larger factor. The United States healthcare systems is based on a capitalist system but it operates in an imperfect marketplace that is no competitive. The current marketplace is not highly regulated as there is not a national health care program for all Americans which allow prices to be regulated and controlled effectively by a single regulating body. In this imperfect

The healthcare system in the United States is a system composed of many private insurance companies who act independently from one another. These companies make their money through premiums which are paid by the insured; therefore a major part of the healthcare system is privately funded. This type of market is considered to be an imperfect market because it does not meet the true requirements of a free market where there is unrestrained competition between providers. In our healthcare system there is an absence of a central agency to govern healthcare. There are multiple payers and third party insurers serving as intermediaries between financing and the delivery of healthcare. The United States has a multi-payer, heavily private system in which thousands of private insurance companies are responsible for paying some claims, while federal and state

The health care system is one of the largest industries in the nation. It employs nearly twelve and a half million people. Even though this many people are employed by health care systems, there is little to no competition between the many different systems. This results in the cost being whatever the system wants. People who are ill or

Both market-based and government-financed health care systems strive to manage overall health care costs. The difference lies in the way they approach the task. Market-based health care relies primarily on the force of companies competing against each other to bring the best new products to customers. Customers make their choices based on many variables such as quality, convenience and service, not just cost. Most

Regulations that prevent insurance companies from participating in interstate commerce have caused competition to grow stagnant in the United States. This lack of competition has allowed the adoption of wasteful procedures by healthcare providers, which in turn passes the increased expenses back to the insurance companies. Therein, insurance costs increase, crippling consumer’s cash flow and quality of life. While healthcare costs continue to rise, people must scrutinize the current healthcare system.

The passage of the Affordable Care Act (ACA) has prompted policy makers and healthcare providers to review the current system of providing services to individuals and families. The previous system of providing healthcare services was impaired by inefficient systems that had elevated costs, waste of resources, and in some cases obstructions that prohibited individuals and families in seeking care in a timely manner. The goals of the ACA is to improve the health of the nation, increase quality of healthcare services, and reduce costs of the overall system while providing health insurance options to all people across the country. The health insurance exchanges provide options for all Americans to gain access to health insurance options, but

The healthcare system in America is a market based system that functions by relying on the structures of an efficient market. The principles of demand and supply are instrumental in determining the functionality of the healthcare system in USA. One of the factors that has contributed to this reality is the fact that healthcare in the US is provided by various distinct organizations which are largely owned by private businesses. Indeed, 21% of hospitals in USA are owned by the government while another 21% are owned by private businesses operating for profit. 58% of hospitals in USA can be described as not for profit organizations. Indeed, the American healthcare system is a leader in medical innovation when compared to its impact on the health status of people. However, the nature of the entire unit as a whole leaves a lot to be desired since accessibility to these medical marvels remains a fundamental problem for a majority of the US population (Davis, Stremikis, Squires & Schoen, 2014).

There should be a public option available in health care and the government should have control over the industry. Backing up a bit, what is wrong with the health care system in the first place to cause such an enormous reform?

I believe that a pure competitive market based health care system would demand a greater need independent regulations, accountability, public involvement and scrutiny at all levels to protect the public good and to maintain and