In this paper, we are examining the different reasons why health care costs are rising. This is accomplished by looking at the article Health Care Cost Trends (by Brian Hassan). Once this takes place, is when we will focus on how these causes can be addressed and the impact of the current patterns in the future.
¶ … health care organizations are facing is rising costs. This is because of different factors that are working in conjunction with one another (to make the problem worse). In the article titled Health Care Cost Trends, the author (Brian Hassan), is showing a host of reasons as to why the problem is occurring. The most notable include: medical related factors, lifestyle choices, cost shifting and inefficiencies. This is when Hassan highlights how these issues are made worse by the stagnant economy and increasing uninsured. The combination of these factors is creating a situation where this segment of the population will be effectively priced out of the health care system. Until these issues are addressed, Hassan predicts that the costs of health care will continue to have a negative impact on the industry. These elements are important because, they are showing how this article is discussing issues that are affecting the price of health care services. (Hassan, 2010)
Purpose of the article.
The purpose of the article is to focus on why costs are rising and the impact that it is having on everyone. This helps to provide more specific insights about the challenges impacting the sector. Once this takes place, is when these issues are used to show the difficulties facing the industry. This is when everyone can see how the combination of these elements is making the crisis worse. (Hassan, 2010)
Highlights and key points made in the article.
There are a number of key points that are made in the article. These include: focusing on factors as to why the problem is occurring and how this could have an impact in the future. The different issues are discussed by looking at why prices are rising. What Hassan found is that higher costs were attributed to a number of challenges including: medical related factors, lifestyle choices, cost shifting and inefficiencies. The combination of these elements is used to provide a basic foundation as to why the problem is occurring. (Hassan, 2010)
Once this has been established, is when there is a focus on how this can impact consumers. In this situation, the problem is compounded by economic challenges (which are causing the number of uninsured to skyrocket to 46.5 million Americans). This is troubling because it means that large segments of the population are being priced out of the health care system. Until the main causes for price increases are addressed, Hassan believes that this trend will continue well into the future. These elements are important, because they are showing the main causes that are discussed and the impact they are having on consumers. (Hassan, 2010)
Discuss the implications and relevance of the information.
The implications of this information are to underscore why health care costs are rising. This is accomplished by looking at different factors and how this is helping to contribute to the problem. Then, there is an emphasis on how the combination of these issues is making the problem worse when compounded with economic challenges. This information is helping to provide a basic background as to what are the causes of the problem and how it is affecting the industry. This is serving as warning to administrators about what will happen in the future (if these issues are ignored). Those individuals who understand what is occurring will be able to help their organization to adapt with these challenges. (Hassan, 2010)
The review clearly states how this information could be of benefit to Healthcare Administrators.
For administrators, these reports are providing them with specific insights about how a number of issues need to be taken into account. Those organizations that can focus on some of these areas will help to reduce the burden on consumers. This is when health care providers can adjust with the changes inside the sector. This will make the hospital more efficient and capable of responding to the needs of patients. Over the course of time, this will allow the facility to become more competitive and capable of adapting to different kinds of transformations. (Hassan, 2010)
Conclusion summarizes the article
The article that was written by Hassan is showing how there are a number of challenges that are impacting the health care sector (which are associated with rising prices). These include: medical related factors, lifestyle choices, cost shifting and inefficiencies. When these issues are combined with a stagnant economy is the point that the overall problems will become worse. To prevent the situation from spiraling out of control, administrators must understand how this is effectively pricing consumers out of the system.
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