Policy Decision-Making Process
The American health bill's financial costs reside with people ultimately sponsoring the payments; these are federal, state, and local governments, private businesses, and families. They disburse out-of-pocket costs and insurance premiums, or fund healthcare via general incomes or dedicated tax. Additionally, they determine the kinds of health schemes to be provided, persons entitled to plan participation, cost-sharing plans to enforce (deductibles, premiums, and co-payments), and the amount of coverage made available. The above sponsors also hold the responsibility of amassing finances and bankrolling programs or payers, such as Medicare, Medicaid, and private insurance (National Health Expenditures 2010, n.d.).
Healthcare expenditure burdens on care sponsors can be assessed by means of the ratio of individual sponsors' spending towards health in relation to the resources they possess. In the case of private businesses, the health spending burden is examined in relation to aggregate compensation (salaries and wages). Private businesses' healthcare expenditure in 2010 constituted 10.2% of private salaries and wages, and 8.5% of overall staff compensation. Both these percentages were reduced by a slight amount in 2010, following a peak in the previous year. Health spending burden on families is assessed in relation to their adjusted...
This share, from 2003 to 2008, remained relatively stable (around 6%). It rose to 6.3% in 2009, while the next year, it marginally reduced to 6.2%. The marginally smaller household healthcare burden in 2010 resulted from a larger rise in personal earnings, compared to their health spending. In the case of local, state and federal governments, healthcare spending burden is evaluated as a percentage of revenues. The federal revenue share that financed federal government healthcare spending soared from 38% (2008) to 53% (2009), with an increase in federal spending towards Medicaid and Medicare; meanwhile, federal revenues dropped because of the December 2007 economic recession (National Health Expenditures 2010, n.d.).
Washington Post example
An atypical review is being performed by federal authorities to ascertain whether a costly new prostate cancer medication must be financed by the government; a debate has been reawakened over whether the cost of some treatments is too high. While Medicare isn't expected to count cost as a factor in making such decisions, the resolution of initiating a formal inspection has led cancer specialists, drug companies, policymakers, advocates and patients suffering from prostate cancer to voice concerns. These have been augmented because of the review emerging after a harsh debate on healthcare reform,…
Reduce Patient Falls in a Hospital Environment Method of Obtaining Necessary Approval(s) Description of Current Problem Explanation of Proposed Solution Implementing Change Resources Required for Implementation Risk and quality management is a fundamental and important aspect to many health care organizations and patient lives are often at stake. This is especially true in nursing facilities or hospitals that house elderly patients because of the level of direct patient interactions that occur on a daily basis
" (nd, p.1) There are stated to be eight elements of 'Enterprise Risk Management' which include those as follows: (1) Education and Internal Environment: Staff should be educated in the overall risk management philosophy and risk appetite, integrity and ethical values and the environment in which they operate. (2) Objective Setting: The process of understanding how corporate objectives and risks interrelate and how they can affect the achievement of an entity's goals. (3)
UK Mental Health Policy Mental healthcare service delivery in the UK has been subjected to a series of significant imperative policy in the last few decades, and number of people suffering from mental illness is on the increase. Recent statistics reveal that one out of four people in the UK has been diagnosed of mental problem. (Mental Health Foundation, 2013, Singleton, Bumpstead, O'Brien et al. Meltzer 2001). Although, mental disorders are
Healthcare Economics Overall Healthcare And Economics Healthcare economics: Current challenges from a nursing perspective Although the subject of healthcare economics has been hotly-debated, on one issue there is widespread agreement: the aging of the population will substantively increase the demand for healthcare in the near and far future. As the population worldwide is aging and living longer, the need for essential services over a longer lifespan will generate more costs for an already-beleaguered
Health Care in the U.S. And Singapore Healthcare in the U.S. And Singapore This paper compares the U.S. healthcare system with the Singapore healthcare system. It starts with a brief description of both healthcare systems and then explains and compares the issues in both the systems. The number of underinsured in both systems are also compared in the paper. The paper also gives the pros and cons of both the system. It
Even with health care that lies outside of government control, cost can be an issue when it affects voter decision-making. Usually, however, politicians are much less concerned about the costs of private enterprise transactions. Tax payers are always looking for value, especially in public services. Even when tax payers want health care -- and they usually do for seniors -- they still consider cost control to be an important aspect