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One of the issues with this program is that it creates a great amount of legacy costs, in that public employees still get full benefits after they retire, but don't have to pay into it,
With the implementation of the new Obama Health Care law the exact impact on Virginia will vary depending upon which course is taken and whether the federal reform proposal tries to cover the expenses or shift these expenses to the states. Experts have assessed the impact of a reform proposal that considerably expands government's role in the health care market by way of providing an extra $1 trillion in federal subsidies over the next ten years and tendering incentives to move present Medicaid recipients into a new federal health insurance program (the Prognosis for National Health Insurance a Virginia Perspective, 2009).
This type of program would:
augment national health care expenditures by an extra 8.9% by 2019
augment medical price increases by 5.2% above what it would have been otherwise due to the higher national expenditures by 2019
force the federal and Virginia state budget due to the augmented expenditure levels and amplified medical inflation:
Elevated medical inflation and overall expenditures will in the end lead to government expenditures that surpass the $1.0 trillion in expenditures on health funding. The net present worth of all extra federal government expenditures through 2019 that will take place as a consequence of a federal health care reform is $1.2 trillion, or a $3,900 bill for every man, woman, and child in the U.S.
Additionally to federally-funded expenditures, the net present value of all Virginia state government expenditures during 2019 that will occur as a consequence of a federal health care reform is $2.1 billion, or a $275 bill for every man, woman, and child in Virginia.
The present net present value of financial support health care reform based on President Obama's main concern will be $4,176 for every person in Virginia. Decrease financial growth in 2019 compared to the baseline situation by 4.9% for the country as a whole and 4.5% for Virginia
The expenditure on Virginia could be elevated, and the national cost lesser, if the federal government pushes the financial accountability for covering the growth of subordinate income individual's health insurance coverage off to the states. While the federal costs will go down, Virginia's costs will go up by a total of $6.8 billion with the net present worth being $5.2 billion (the Prognosis for National Health Insurance a Virginia Perspective, 2009).
Currently the state of Virginia has managed to fix their budget troubles as of late. This may be a very short lived state though depending on how the new health care reform plays itself out. Depending on the way that the new reform is implemented and how much of the cost is absorbed by the Federal government and how much is passed on to the states will depend on how much the State of Virginia is going to have to come up with. If the costs that the state is asked to absorb is large then the state will more than likely find themselves in a situation in which they once again have a budget deficit. If this happens they will most assuredly have to implement more cuts than they have already made.
About Virginia. (2011). Retrieved January 26, 2011, from Web site:
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Bishop, Cindy. (2011). Virginia Housing Market Booming Despite Heavy Foreclosures.
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Frequently Asked Questions. (2010). Retrieved January 26, 2011, from Department of Planning & Budget Web site: http://dpb.virginia.gov/budget/faq.cfm
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Analysis Web site: http://www.bea.gov/regional/gsp/
Health Insurance. (2011). Retrieved January 26, 2011, from Web site:
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2011, from Bureau of Labor Statistics Web site:
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State Government Employment Data: March 2009 Virginia. (2009). Retrieved January 26, 2011,
from Web site: http://www2.census.gov/govs/apes/09stva.txt
The Prognosis for…[continue]
"Virginia Public Health Care Economics" (2011, January 26) Retrieved October 21, 2016, from http://www.paperdue.com/essay/virginia-public-health-care-economics-5270
"Virginia Public Health Care Economics" 26 January 2011. Web.21 October. 2016. <http://www.paperdue.com/essay/virginia-public-health-care-economics-5270>
"Virginia Public Health Care Economics", 26 January 2011, Accessed.21 October. 2016, http://www.paperdue.com/essay/virginia-public-health-care-economics-5270
Expenditures on health care has been mounting faster than the economy for many years, representing a challenge not only for the government's health insurance programs, but also for the private sector. As health care expenditures consume a larger share of the nation's economic output, Virginians along with all Americans will be faced with progressively harder choices to make (the Long-Term Outlook for Health Care Spending, n.d.). Works Cited "About Your Benefits."
reputed "health crisis" currently facing Americans. The author explores several aspects of the health care crisis and analyzes the validity of those claims. The author presents an argument that there really is not a health care crisis and it is a fallacy. There were six sources used to complete this paper. Why do People Believe the Crisis is Real? What Evidence is There That it is Not Real? What are some of
097 United States 0.109 0.093808 0.036112 0.068 Utah 0.1071 0.1401 0.035696 0.073 Vermont 0.1326 0.0988 0.040851 0.114 Virgin Islands NA NA NA Virginia 0.1048 0.0829 0.080009 0.092 Washington 0.1229 0.0669 0.027831 0.068 West Virginia 0.1293 0.0774 0.036499 0.055 Wisconsin 0.0954 0.0357 0.032367 0.097 Wyoming 0.1251 0.1453 0.053867 0.075 Notes All spending includes state and federal expenditures. Growth figures reflect increases in benefit payments and disproportionate share hospital payments; growth figures do not include administrative costs, accounting adjustments, or costs for the U.S. Territories. Definitions Federal Fiscal Year: Unless otherwise noted, years preceded by "FY" on statehealthfacts.org refer to the Federal Fiscal Year, which runs from October 1 through September 30. for example, FY 2009 refers to the period
Poor dental health can be a portal that allows bacteria and other infectious organisms into blood stream. Poor dental health care can also lead to poor outcomes of dialysis. Heart disease patients have special needs when it comes to dental care. Spreading this knowledge would motivate patients with these diseases to visit Eastside clinic regularly. Threats If staffing of more employees is not able to attract more patients to the clinic
The current health care policy is rather business friendly with insurance companies wielding the power in terms of who gets access and who does not. Necessary policy changes include addressing the pre-existing conditions coverage that is really no coverage at all and the coverage of care after involuntary separation from employment needs to be addressed as well. Quality issues with health care are certainly a policy issue when speaking about Medicare
Public Sector Unions Public-Sector Unions in United States HISTORY OF PUBLIC SECTOR UNIONS COSTS OF PUBLIC SECTOR UNIONS OVER THEIR BENEFITS DEMOGRAPHICS OF LABOR IN AMERICA EDGE OF PUBLIC-SECTOR UNIONS OVER PRIVATE ONES THE HIDDEN COSTS OF PUBLIC UNIONS THE DISTORTION OF DEMOCRATIC POLITICS STATE UNIONS VS. FEDERAL UNIONS THE FUTURE OF PUBLIC SECTOR UNIONIZATION HISTORY OF PUBLIC SECTOR UNIONS Labor unions are seen as the representatives of the labor employed in our industries and are known as the advocates of
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