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Health Care Industry the State
Words: 1114 Length: 4 Pages Document Type: Research Proposal Paper #: 99313436
Even though the overall life expectancy in the U.S. has increased to the age of 78, the relative ranking has fallen in relation to the rest of the world, with the U.S. now 38th out of 195 countries, behind most of Western Europe.
These rankings may reflect the combination of a shortage of public health education, lack of daily exercise, poor nutrition, and the uninsured not seeking medical help.
The results seem inevitable: the vast amount of money being spent on health care in the U.S. is plainly not buying better health care for the population. In a privatized insurance system where individual resources determine availability to obtain health care, then access to care will be prejudiced by income difference.
Positive Outcomes with Earlier Detection
There is some positive news. Cancer survival rates are considerably higher in the U.S. than the UK, presumably a result of a health care system…… [Read More]
Healthcare Industry Marketing Why Is
Words: 726 Length: 3 Pages Document Type: Case Study Paper #: 50962613
In your opinion, has marketing been truly accepted as a necessity for health care organizations yet, or is it still regarded as a luxury?
It is a necessity because of how competitive the industry is, how studies continue to show the continual sharing and publishing of healthcare benefits from given products does lead to interest and trial, and how critical the physician base as a distribution channel is (Joseph, Spake, Finney, 2008). Marketing is also critically important from the standpoint of providing more effective customer success stories and sharing insights as to which products and solutions are also delivering the greatest value (Lee-Wingate, Xie, 2010).
All companies' brands and messaging are predicated on stories of how they serve customers, deliver value, and help to alleviate pain or increase the quality of life. Marketing is the catalyst of all successful storytelling and branding within any industry. Arguably, the more an industry…… [Read More]
Healthcare Industry Changes in Healthcare in the
Words: 1234 Length: 4 Pages Document Type: Essay Paper #: 32949900Healthcare Industry
Changes in healthcare in the last ten years
In the last two decades, the average cost of healthcare per person was $2,800. This almost doubled in a span of ten years to reach a staggering $4,700. The cost tripled to reach $7,500 per person in 2008. This has happened as the number of Americans without insurance keeps increasing. The number of uninsured Americans has risen from 13.1% in 2001 to 16.3% in 2008 (Chideya, 2012). This implies that approximately 50 million people are uninsured today the reason being the job losses that were witnessed during the world economic meltdown and employer's decision to cut back on coverage (Chideya, 2012). A number of innovations in the healthcare sector were also registered within the last ten years especially the use of iPhone in clinical trials. These phones could be turned into EKG monitors that automatically transmitted data to a cardiologist…… [Read More]
Health Care Industry in America Today Is
Words: 2634 Length: 8 Pages Document Type: Essay Paper #: 55629918health care industry in America today is suffering greatly. It is suffering from spiraling costs, decreasing availability of qualified personnel, increasing demand for its services, and uncertainty relative to its future. Some of these problems are the result of mismanagement, lack of foresight, an aging population, and, perhaps greed but regardless of the causes the solutions must be determined and the present political climate makes this difficult.
The Obama administration recently passed and enacted new health insurance legislation whose aim was to improve the state of health care in America. Although not directly aimed at the delivery of health care but at the availability by increasing the number of individuals with health insurance, the debate over said legislation highlights the problems inherent in the industry. Indicative of the concerns that Americans have regarding the state of health care in America was the publication of a CBS News / New York…… [Read More]
Health Care Industry Has Undergone Fundamental Change
Words: 1286 Length: 4 Pages Document Type: Essay Paper #: 29443620health care industry has undergone fundamental change over the last decade. Most of the changes have occurred within the underlying business operation of the healthcare industry. These changes will ultimately effect healthcare agency administration as it continues to evolve and innovate. Legislation in particular has had a profound impact on the health care industry and the agencies which govern it. First, due to the Affordable Care Act of 2010, the healthcare profession is undergoing a fundamental shift in regards to the patient experience. The U.S. health care system is now shifting the focus from acute and specialty care to that of primary care which requires a shift in business operations. Also, due primarily to that aging of the baby boomer generation, the need for primary car overall is shifting and will be needed heavily in the future. The last 10 years in particular has seen an increasing influx of retiring…… [Read More]
Healthcare Industry Medical Laboratories As the Conditions Change
Words: 1805 Length: 4 Pages Document Type: Essay Paper #: 11240207healthcare industry/medical laboratories. As the conditions change and new information becomes available, one can easily realize that this industry has many components that drive it.
Prices
As demand for laboratory services is rather inelastic, laboratories can establish prices as they deem appropriate. eimbursement for services is limited, however, by contracts which the laboratory holds with various healthcare plans (Daron 2008). These healthcare plans, including Medicare and Medicaid, will negotiate reimbursement fees with the laboratory that are lower than the laboratory's usual and customary fees (Eddy 2007). The laboratory agrees to accept the reimbursement received from the health plan as payment in full. Laboratories are often forced into contracting with the large health plans in its area because referring clinicians will often not send specimens to the laboratory for processing unless the contracts exist (Daron 2006). Because the reimbursement from the health plans is often very low, the laboratory must find…… [Read More]
Healthcare Industry a Business The
Words: 657 Length: 2 Pages Document Type: Term Paper Paper #: 26510482Often, there isn't publicly available data on the best-rated physicians or hospitals for treating specific conditions. Prices aren't readily available and vastly differ according to the patient's health plan affiliation. and, unnecessarily complex billing contributes to cost shifting, drives up administrative costs, and makes price and value comparisons very difficult.
Consumer-driven health plans with higher deductibles and a savings account for health expense are emerging in an attempt to make consumers more cost conscious in their healthcare decisions just as they are in other buying decisions. In a recent Kaiser Family Foundation study (Andrews, 2006), more than 70% of people in these new plans said they consider price when deciding to see a doctor or fill a prescription, compared with just under half in traditional plans.
However, there are negative implications of consumer-driven health plans in preventative care. A fourth of people in these plans said they skipped a recommended…… [Read More]
Healthcare Industry Has Like'so Many Other
Words: 566 Length: 2 Pages Document Type: Term Paper Paper #: 2579916healthcare industry has, like so many other industries, undergone significant changes in recent years. Like many other industries, some of these changes have been propelled by technological developments and innovations, improvements over existing technology or tools that nonetheless bring with them additional, potentially unforeseen, challenges. Yet the healthcare industry has faced an additional challenge in the form of public policy and changing expectations. Cost containment has become a hot topic within the healthcare field, from insurance to providers to hospitals and pharmacies. A variety of measure of have been undertaken in pursuit of such cost containment, including mergers and acquisitions, as well as an ever deepening involvement in the political process, activity that often lacks transparency and accountability. It is the emphasis on the pursuit of cost containment that is shared amongst the below articles.
"Health Reform Memo- June 11, 2012." all Street Journal. 11 June 2012. eb. http://deloitte.wsj.com/cfo/2012/06/11/health-reform-memo-june-11-2012/?KEYORDS=health+cost+containment
Articulates…… [Read More]
Health Care Industry Consists of
Words: 594 Length: 2 Pages Document Type: Essay Paper #: 69947659
UHS, Inc. Financial Analysis overview:
According to the analysts' report, the average net income for the previous five years for UHS, Inc. shows a 20.1% growth rate; this is higher than the industry average of 10.6% and sales of 12.7% which also higher than industry average of 8.67%. UHS, Inc. has dividends that average 4.64% of earnings while the average of Healthcare industry is only 0.64%. The price per share is $58.11 and earnings per share is 4.08%,. UHS, Inc. is expected to grow only 10.40% in the present projection, which is behind the industry standard that is set at about 13.50%. Despite the current economic challenges, UHS, Inc. is expected to outperform the market within the next six-month with less risk than average.
LifePoint Hospitals, Inc. Financial Analysis overview:
The analysts' report revealed that, the average net income growth for the previous five years for LifePoint Hospitals, Inc. was…… [Read More]
Health Care
The Staffing Policies Matrix
Hospitals are in the clubs quadrant of the staffing policies matrix. Hospitals are in this sector because careers are slow-moving. This means that the focus is not on constant promotion. Instead, individuals work based on their specialist area, whether it be nursing, rehabilitation, or various medical specialties. On a day-to-day basis the focus is on being reliable and consistent.
Sonnenfield and Pieperl (1988) note that organizations in the clubs sector have a fixed hierarchy with an emphasis on status. This is true of hospitals with overall status based on the hierarchy of professions. This hierarchy has support staff at the lower levels, nurses at the middle levels, medical professionals at the higher levels, and specialist medical staff such as surgeons at the highest level. Within the levels, seniority determines status. Seniority is also the basis on which promotion is generally given. This is a…… [Read More]
Hospital Corporation of America HCA
Words: 654 Length: 2 Pages Document Type: Essay Paper #: 25519304Hospital Corporation of America
Introduction
Hospital Corporation of America (HCA) is not only one of the country’s largest hospital companies, but it also happens to be one of the most notable healthcare services providers in the country. At present, HCA manages more than 170 healthcare facilities offering a wide range of services across the nation. This for-profit organization is headquartered in Nashville, Tennessee. It is important to note that to remain relevant in the increasingly dynamic healthcare industry, organizations such as HCA ought to have the relevant strategies in place to address the various needs of citizens going forward. This text assesses the readiness of HCA to address the healthcare needs of citizens in the next decade. The paper also compares HCA to Singapore Airlines in an attempt to evaluate its readiness to tackle inherent marketplace challenges.
Discussion
HCA operates outpatient healthcare facilities, psychiatric hospitals, acute care hospitals, and general…… [Read More]
Healthcare Industry Is Clearly in
Words: 1486 Length: 5 Pages Document Type: Research Proposal Paper #: 8833389826)
Research Methodology
This work will first provide a synopsis of a more detailed review of literature developing the case of transformational leadership model in healthcare, exploring some of the claims of the model as it is observed in practice. (Edmonstone & Western, 2002) the work will then provide a qualitative review of 50 healthcare professionals, from leadership to trade. Ultimately the work will attempt to focus on a single hospital organization setting and review all departments, through a questionnaire regarding the leadership model (based on characteristics of the TrLM) and attempt to determine first if the literature is accurate in its assessment of TrLM being the most common and i.e. popular model in health care and then determine if this leadership model is reflective of better health outcomes for the community served than were provided prior to implementation of the TrLM. Lastly I will determine if some of the…… [Read More]
Accountability and the Healthcare Industry Accountability Is
Words: 1284 Length: 4 Pages Document Type: Essay Paper #: 55007871Accountability and the Healthcare Industry
Accountability is absolutely crucial when it comes to the health care industry. The professional health care industry has an obligation to create an atmosphere of responsibility and obligation with strong ethical values and where these values are clearly enforced. One of the reasons why this is so absolutely crucial is because the stakes are so high in health care: clinicians deal with the high stakes of life and death each day. "Accountability encompasses the procedures and processes by which one party justifies and takes responsibility for its activities such as for achieving various organizational goals" (O'Hagan, 2009). Accountability creates a culture which can thus be focused on things like evidence-based practice and on a steady improvement of health and quality services because the atmosphere values and rewards things like these and is structured in such a way that it is demanded by the collective and…… [Read More]
Consultant Evaluation and Healthcare Industry
Words: 4888 Length: 15 Pages Document Type: Research Paper Paper #: 61453629com). A certain amount of errors is to be expected, but there should not be so many that it demonstrates a certain level of skewedness about the model in its entirety. Thus, if the NHI model is the one which is selected, then it needs to be tested against a range of different scenarios. The following demonstrate some truly relevant what-ifs: what if the doctors only move half the projected volume; what if medicare slashes rates; what if competitors open a comparable program (dgapartners.com).
There are a range of factors which can change or adjust once a healthcare facility opens their doors for business. And as much as this facility is attempting to engage in a solid humanitarian effort, at the end of the day, it's still a business and people need to get paid. Thus, before engaging in further developmental activities, one needs to determine in what ways the…… [Read More]
RFP in Healthcare Industry Request for Proposal
Words: 2822 Length: 10 Pages Document Type: Business Proposal Paper #: 71740769RFP in Healthcare Industry
Request for proposal in health care industry
Request for Proposal (RFP) in Healthcare Industry
In order to continually provide adequate Medicare to patients, a review of the electronic health record options reveal that the appropriate strategy is to procure Electronic Medical Record software. The primary objective of this RFP is to implore bids from system integrators or commercial off the shelf software merchants to devise, install, construct and implement integrated EMR software solution. The health care system, Future Correctional Center seeks to procure a software solution including licenses, hardware (as recommend by the bidder), execution, and maintenance and support services. In addition, the software configuration should present a core set of EMR attributes that meet particular requirements such as order entry, outcome review, nursing and physician documentation, registration.
Something significant to note; Future Correctional Center will not consider proposals from bidders offering software as a service…… [Read More]
Interviewing the Healthcare Industry Has
Words: 1090 Length: 3 Pages Document Type: Term Paper Paper #: 87966834That sense of security is very important for someone who wants to come out of school and then feel secure about one's employment for the next forty years.
There are a couple of things that do not appeal to me about the health care profession. One of them is that the corporate culture seems very rigid and bureaucratic. There is a lot of paperwork and everything is very exacting. This is something that does not necessarily appeal to my personality, which is oriented towards the problem-solving aspect of the profession. Another thing that does not appeal to me about health care is that many positions require long working hours. This is okay when I am young, but I also envision a time when I will have a family and not want to work so hard so that I can see my children grow up. My uncle said some things that…… [Read More]
Human Resource Management's Role Health Care Industry
Words: 757 Length: 2 Pages Document Type: Essay Paper #: 54417122Human esource Management's ole Health Care Industry
HUMAN ESOUCE Management
Human resources represent the most important cost in many organizations. How effectively a company uses its human resources can have a dramatic effect on its ability to compete or survive in an increasingly competitive environment. H policies can affect an organization's competitive position by controlling costs, improving quality, and creating distinctive capabilities. This paper will discuss the functions and roles of human resource management in today's healthcare industry.
Human resource management's role health care industry
In today's healthcare Human esource managers have several different roles. Some of these roles can be difficult. The healthcare industry has made significant changes in the last 10 years and human resource managers have to see the new challenges and come up with ways in dealing with them. Some of these challenges include: job satisfaction, patient care, and cultural conflict (Clark, 2011).
The human resource…… [Read More]
Unions in the Healthcare Industry
Words: 856 Length: 2 Pages Document Type: Research Paper Paper #: 88416314The union thus acts as an advocate for worker's legal rights, including their right not to be subject to drug tests as well (although this issue is far more contentious, given that Xanitos also argues that testing is required from the point-of-view of patient safety.
A more controversial drug testing issue is prohibiting all workers from using tobacco, a controversial practice that has become increasingly common amongst healthcare establishments. "More hospitals and medical businesses in many states are adopting strict policies that make smoking a reason to turn away job applicants, saying they want to increase worker productivity, reduce health care costs and encourage healthier living" (Sulzberger 2011: 1). However, the union argues "such policies are a slippery slope -- that if they prove successful in driving down health care costs, employers might be emboldened to crack down on other behavior by their workers, like drinking alcohol, eating fast food…… [Read More]
EMR System Implementation the Healthcare Industry Is
Words: 1455 Length: 5 Pages Document Type: Essay Paper #: 84816923EMR System Implementation
The healthcare industry is increasingly impacted by advanced in Information Technology (IT). As our abilities to coordinate, interconnect and streamline the transmission of data through IT solutions improve so too do our abilities to provide efficient, safe and effective healthcare decisions for presenting patients. This is the notion that underscores the present discussion regarding Inter-Regional Health Systems, an organization identified specifically for the purposes of this discussion and approaching a proposed IT transformation. Inter-Regional is a multi-site healthcare complex with a wide variety of emergency room, clinic, specialist and outpatient facilities on each site. On the whole, the company has roughly 10,000 employees across its various sites. The private health firm is seeking to improve efficiency as a way of improving its economic performance and considers that it will likely benefit from the implementation of an Electronic Medical Records system. The discussion here evaluates this proposition.
Need…… [Read More]
Compliance Manager in the Healthcare Industry
Words: 1981 Length: 7 Pages Document Type: Term Paper Paper #: 95488509Compliance Manager
THE COMPANY OVERSEER
Compliance Manager in the Healthcare Industry
Job Description
The Compliance Manager oversees compliance throughout the healthcare company as an objective and independent function (ACHE, 2012). He makes sure that the board of directors, the management and all the employees thoroughly comply with the rules and regulations of regulatory agencies; that the company policies and procedures are completely followed; and the behavior in the organization follows its standards of conduct. His office receives and endorses compliance matters and issues to the appropriate person or office for investigation and implementation or resolution. It is also the final internal resource to deal with when all formal channels and resources have been exhausted. The Compliance Manager or Officer is a member of the staff of the CEO and the oard of Trustee's Corporate Compliance Committee. He monitors and reports the results of the compliance actions and provides guidance and…… [Read More]
True Cost of Increased Malpractice Insurance in the Health Care Industry
Words: 1435 Length: 4 Pages Document Type: Term Paper Paper #: 50582741True Cost of Increased Malpractice Insurance in the ealth Care Industry
During the last decade, medical malpractice premiums have increased exponentially, resulting in a decreased pool of qualified physicians operating in the medical arena. The medical industry is facing many crises, including rapidly increasing health insurance premiums that affect consumers directly. One arena consumers may not have considered evaluating is that of medical malpractice.
Medical Malpractice, as defined by the U.S. General Accounting Office and Black Law Dictionary, arises as a result of "bad, wrong or injudicious treatment of a patient, professionally and in respect to the particular disease or injury, resulting injury, unnecessary skill, disregard or established rules of principles, neglect or malicious or criminal intent" (Black Law Dictionary, cited in U.S. General Accounting Office, 1987f: 11; from ay, 1992). One should assume under the governance of law within the United States that a majority of human activities performed…… [Read More]
Does Tort Reform Have a Positive Effect in the Health Care Industry
Words: 650 Length: 2 Pages Document Type: Term Paper Paper #: 46346704Leflar's Analysis Of Medical Malpractice eform
Leflar (2013) analyzes how medical malpractice reform is affecting the health care industry in his medical ethics study entitled "Medical Malpractice eform Measures and Their Effects." Leflar describes three types of reform initiatives placed into effect in the recent past: limited-liability reforms which favor the health care providers, procedural reforms said to promote safe harbor laws, and systematic overhaul reforms which "move liability away from physicians to hospitals or administrative no-fault compensation systems" (Leflar, 2013, p. 306). Leflar also assesses the current state of reforms already in place, such as damage caps, and that they ineffective at achieving the aims sought by medical malpractice reformers. Leflar suggests that more attention should be given to reforms which concentrate on no-fault systems, safe harbor laws, patient comp funds, early offers, etc.
Leflar notes how malpractice law stems from the tort law and that the earliest laws…… [Read More]
Economic Analysis of Supply and Market Structure of Healthcare Industry
Words: 1578 Length: 5 Pages Document Type: Term Paper Paper #: 74708771Product or Service Supplied
The product supplied to patients is generic pharmaceuticals. “A generic drug is a pharmaceutical drug which is equivalent to a brand-name product in dosage, route of administration, strength, quality, Kinetics, and its intended use. It may also refer to any drug which is marketed under its chemical name without advertising” (Moin, 2016). The importance to the customer is an issue of affordability: the patient has to incur fewer out of pocket expenses in order to pay for crucial prescriptions in order to fulfill the needs of their chronic diseases or conditions. Generic drugs are essentially the ones that are comparable to their brand-name twins. “They are comparable in terms of the dosage, effectiveness, and intended use. Generics are important because they are essentially a less-expensive alternative to their brand-name counterparts. This, of course, is expected to be important to those who are ultimately picking up the tab, governments,…… [Read More]
The Role of Leadership in Health Care Industries
Words: 2187 Length: 8 Pages Document Type: Essay Paper #: 99993325Al-Sawai, A. (2013). Leadership of Healthcare Professionals: Where Do We Stand?.
Oman edical Journal, 28(4), 285-287 3p. doi:10. 5001/omj.2013.79
This study defines leadership as behavior that drives a group towards an identified goal, and it describes a variety of leadership theories (such as transformational leadership, collaborative leadership, conflict management and shared leadership), beginning with the "early Great an theory" (the idea that some people have the quality of leadership and some do not). Its main purpose is to identify and describe several theories of leadership as they would apply to the health care industry. The finding of the study is that effective leadership strategies should highlight "dynamic relationships between leadership values, culture, capabilities and the organizational context." The evolution of leadership development is such that, today, the most important aspect of leadership is now based on making sure that "a ready supply of replacement leaders" is available at all times…… [Read More]
Health Care in the Wake on New
Words: 1147 Length: 3 Pages Document Type: Essay Paper #: 5433181Health Care
In the wake on new and very contentious health care reform, many firms have undergone extensive transformations. These transformations have been predicated on both cost control and quality management. In particular quality management has had a profound impact on the underlying business operations of many health care firms. For one, firms are now finding methods in which to enhance the overall patient experience while also mitigating potential loses due to negligent means. The focus on quality management has also made firms more efficient in regards to the overall delivery of service. In particular, my firm has done extensive work with reducing elderly accidents within the facility. This quality management initiative has not only reduced costs associated with accidents, but it also has enhanced the trust and patient experience of all stakeholders within the firm (Kelly, 2011).
Identify the milestone you chose in the history of quality improvement in…… [Read More]
Healthcare Administration and Leadership Health Care in
Words: 853 Length: 3 Pages Document Type: A2 Coursework Paper #: 97330642Healthcare Administration and Leadership
Health care in the United States has progressed and improved to the point at which providers in all health care settings have defined and developed at least 4 major areas of importance for effective health care. Knowledgeable health care leaders have identified Quality and Safety; Community Health; Health Care Access and Coverage; and Leadership and Governance as key areas that must be constantly addressed and improved to provide optimal health care. The Human Research and Educational Trust has provided significant leadership in those 4 areas since its establishment approximately 60 years ago. By developing studies and assessments, as well as uniting health care leadership across the nation, HRET has exerted a great impact on health care in America.
Analysis
Two of the HRET's Major Areas and Why Each Area is Important to Health Care Administrators
The four major areas addressed by the Health Research and Educational…… [Read More]
Healthcare - Unions Implications of
Words: 2117 Length: 8 Pages Document Type: Term Paper Paper #: 32690040ecause unions retain the exclusive right to negotiate on behalf of its members, the individual worker may have little recourse to easily address incompetent leadership.
The Disadvantages of Unionized Labor for Healthcare Employers:
The primary disadvantages of unionized labor for healthcare employers correspond to the relative loss of control over issues and workplace elements commonly transferred to workers (through their unions), which accounts for the traditional resistance with which many employers responded to unionization attempts. On the one hand, unionized workforces are able to secure better pay and benefits from employers than would have been available to workers without union representation; likewise, employers must cede control over many aspects of operational and personnel decisions traditionally within administrative control.
On the other hand, particularly in light of the beneficial effect that unionized nursing has had on the quality of patient care and reduction in patient mortality, it is difficult to conceive…… [Read More]
Healthcare Pricing in My Opinion
Words: 369 Length: 1 Pages Document Type: Term Paper Paper #: 26577358On the other hand, the industry will most likely insist on the service quality segment rather than on the price transparency. A constant improvement of the services provided within the healthcare facility will not only produce the appropriate competition on the market, but it will also provide the incentives for the other healthcare organizations, thus rising overall quality levels in the market. This will rather change the way hospitals price their services rather than price transparency.
Nevertheless, price transparency will change ridiculous situations in which the client is charged $35,000 to change a battery in a pacemaker. It will drive such prices lower, encouraging price competition.
ibliography
1. A Call for Transparency in Healthcare Cost and Quality. On the Internet at http://blogs.msdn.com/healthblog/archive/2006/05/16/599064.aspx.Last retrieved on June 30, 2007
2. Feld, Stanley. What Is Real Price Transparency? Medicine: Healthcare System. May 2007. On the Internet at http://stanleyfeldmdmace.typepad.com/repairing_the_healthcare_/2007/05/what_is_real_pr.html.Last retrieved on June 30, 2007…… [Read More]
Centralization and decentralization of HM
Centralized HM operations are conducted within the HM department and they assume that all employee related actions be implemented by the human resources specialists. Such an endeavor creates a context in which the human resource actions are taken in an objective and professional manner. Specifically, the decisions are made based on the organizational benefits and the technical considerations at an overall organizational level. In the case of decentralization nonetheless, the human resource decisions are taken in a less formal manner and they are influenced by personal bias of the medical staff conducting the interviews. The benefit is nevertheless that of the staff decisions being made not on grounds of organizational benefits, but on skills and abilities at a medical level.
A centralized human resource department then supports organizational gains and objectives, whereas a decentralized human resources act supports professional and medical benefits. It is expected…… [Read More]
Healthcare Insurance -- Future Implications
Words: 575 Length: 2 Pages Document Type: Research Paper Paper #: 33496345
Meanwhile, without any competition, such as n the form of a public healthcare insurance system, the private healthcare insurance industry also continually increases premium fees virtually at will (Kennedy, 2006; eid, 2009). Furthermore, by refusing policies to high-risk patients, private health insurers essentially "cherry pick" the lowest risk patients while leaving the most expensive medical services to be furnished at the public's expense by public funds available to provide healthcare for low-income individuals (Kennedy, 2006; eid, 2009). That is why, at the very least. The future of American healthcare insurance must include a public option (Kennedy, 2006).
The Issue of Government Healthcare Insurance Lobbying
The principal way that the private healthcare insurance industry maintains its control over American healthcare is through political lobbying of government representatives (Kennedy, 2006). In fact, there are approximately six healthcare industry lobbyists in Washington for every publicly elected representative. Throughout the 2009 negotiations in Washington…… [Read More]
Healthcare Occupational Safety and Health
Words: 1605 Length: 5 Pages Document Type: Research Paper Paper #: 44142264
The penalties for being out of compliance when OSHA comes knocking should be enough to motivate any healthcare facility to devise a plan to make sure that they are in compliance with OSHA's regulations. The startling thing is that it took an initiative like NEP to wake these facilities up and get them thinking about being compliant. Since they deal with people and their well being on an everyday basis, these are things that they should have been doing all along and not just because there is an increased probability of getting into trouble by OSHA.
eferences
Harris, S. (2012). OSHA in Health Care: Out of Sight & Out of Mind? etreived from http://ohsonline.com/articles/2012/04/01/osha-in-health-care.aspx
Healthcare workers. (2012). etrieved from http://www.cdc.gov/niosh/topics/healthcare/
New OSHA inspection initiative focuses on healthcare. (2011). etrieved from http://www.puresafety.com/public/workingwell/?p=1209#.UAa4aFJ6EM
Occupational Safety and Health Administration ("OSHA") Targets Nursing and esidential
Care Facilities. (2012). etrieved from http://www.hancocklaw.com/p/OSHA_Newsletter_212_May_H1768037.PDF
Prepare Your Facility…… [Read More]
Health Care Strategic Planning Over
Words: 937 Length: 3 Pages Document Type: Case Study Paper #: 8831945The reason why, is because this is a sign that the quality of care that is being provided in declining. What normally happens is staff members, will often become frustrated with: health care environments that are inefficient and where management has an attitude of indifference. This is problematic, because it can spread through the organization like cancer by: eating away at the fundamentals that made the facility great.
Once this occurs, it will have an impact on: the costs, efficiency and profitability of the hospital. This is the point that this could undermine the reputation of facility and it could have an impact on the brand. When this takes place, it is a sign that many hospitals are falling into a downward spiral of: declining quality of care and increasing costs. At which point, it only becomes a matter of time until: some kind of major restructuring must occur or…… [Read More]
The experiences of seniors within the healthcare delivery system will alter how all Americans view healthcare. The healthcare delivery systems and overall organizational structure in the United States has been slow to adjust but that rest of the world is currently in flux that will migrate into our system. Technological advances in communication have made telehealth and telemedicine vialbel solutions to our outdated healthcare industry orgainzational structre. While these types of advances are only in their infancy, "...there seemed to be broad acceptance that telehealth and telemedicine had provided positive benefits to the worlds healthcare delivery system." (Telehealth Applications) Our technoloically challenged seniors have actually discovered the trend within the healthcare system and telehealth and telemedicine seems to be an advance that will find worldwide support so we as a nation will be reqquired to jump on the bandwagon.
In conclusion, this article review focused on new Healthcare Delivery Systems…… [Read More]
Health Staff
the Allied health care staffing agency is a staffing agency that focuses on the niche of the nursing jobs within the healthcare industry in Chicago
The Allied healthcare staffing agency works to recruit registered nurses belonging to all medical Specialties, Practical Nurses that are licensed also called LPNs, Nursing Assistants that are certified also called CNAs and Specialists from the allied health sciences. These professionals would be hired both from the area of the metro city as well as the suburbs and placed within the hospitals, the neighborhood medical centers, Adult care facilities, clinics, and rehabilitation centers.
The mission of the Allied Healthcare Staffing Agency is to provide the best opportunities of employment both to its collaborators which are the local healthcare organizations as well as serving the entire nursing community to provide amply amount of job opportunities to choose from in a time when the turnover of…… [Read More]
Healthcare in Marketing (Lasik)
Lasik's Methods in Other Health Care Organizations
Customer profiling is a vastly unexplored marketing method in the health industry. While it has been used to target very specific markets, such as potential consumers of elective surgery, other markets have been largely neglected (arber 2001). The reasons for this are many, but mostly they include difficulties with medical data gathering, and legal issues regarding potential customer profiling.
Despite the above-mentioned difficulties, there are several organizations that can and do benefit from customer profiling. One such entity is the pharmaceutical industry (Winterhalter 2002). Here the customer being profiled is normally the health care professional, rather than the patient. y gathering geo-demographic data as well as customer loyalty information from a group of health professionals, pharmaceutical companies can significantly enhance the effectiveness of their marketing practices. This will further benefit not only the professionals, but also the healthcare consumer,…… [Read More]
Healthcare Lobbyists Drugmakers Hospitals and
Words: 1614 Length: 5 Pages Document Type: Research Paper Paper #: 91197596Each of these was included in the initial Senate bill, but was struck from the final Senate version. Despite the victories, the group isn't ready to pledge support for health reform bills. The AMA will not endorse any legislation unless Congress gets rid of the mandated payment cuts of more than $200 billion over 10 years in the government's Medicare program for the elderly. The cuts are part of Congressional action that was passed in 1997 in order to cut costs in the Medicare program, but have never gone into effect. There are also several hospitals, insurers, pharmaceutical manufacturers and advocacy groups that are withholding final support. Most of these groups have pledged support to health care reform in principle while working privately through lobbyists to protect their industries (Eaton and Pell, 2010).
Healthcare lobbyists range from very large companies and corporations to very small groups who are all looking…… [Read More]
Healthcare Reform PPACA Determine How This Federal
Words: 1049 Length: 4 Pages Document Type: Essay Paper #: 13669265Healthcare eform PPACA
Determine how this Federal law will affect market-driven and non-market driven decisions.
One of the industries that has felt the effects of the Patient Protection Affordable Care Act most immediately and intensely was the insurance industry in the United States. One of the chief reasons that the Patient Protection Affordable Care Act was introduced and passed into American legislation was the effect of rising health care costs attributed to arbitrary and non-competitive costs exacted from healthcare consumers from the insurance industry. There was a general lack of regulation within the industry, which had been demonstrated to have had a negative impact on healthcare outcomes and trends. The United States, while the largest economy and a dominant world superpower, has an underperforming healthcare industry compared to other developed, industrialized nations.
One of the central conflicts associated with the Patient Protection Affordable Care Act is related to philosophical differences…… [Read More]
Healthcare Reform Review of Literature
Words: 6070 Length: 20 Pages Document Type: Literature Review Paper #: 45810582(Menzel, 1990, p. 3) Fisher, Berwick, & Davis alude to the idea of integration in health care, with providers linking as well as creating networks of electronic medical records and other cost improvement tactics.
The United States and other nations over the last twenty or so years, have begun a sweeping change in health care delivery, regarding the manner in which health information is input, stored and accessed. Computer use in the medical industry has greatly increased over the last thirty years the culmination of this is fully networked electronic medical record keeping. (Berner, Detmer, & Simborg, 2005, p. 3) the electronic medical record trend began in the largest institutions first, as hospitals and large care organizations attempted to reduce waste and improve patient care, while the adoption has been much slower among physician's practices and smaller medical institutions. (Hillestad, et al., 2005, pp. 1103-1104) Prior to this time medical…… [Read More]
Healthcare Changes to Healthcare Practice and Delivery
Words: 1016 Length: 4 Pages Document Type: Essay Paper #: 29208990Healthcare Changes
Changes to Healthcare Practice and Delivery: A Study of Two Detroit, MI Healthcare Facilities Separated by Twenty Years
Changes to technology and to the political and regulatory landscape have led to many changes in the ways that businesses in all manner of industries operate. Increased communications capabilities, the shrinking size and cost for advanced technologies, and a variety of other changes have provided many businesses with an opportunity to operate more efficiently, and in so doing have also made many industries and markets more competitive. An examination of some typical businesses operating in these industries today as compared to their counterparts that were in operation twenty years ago provides ample evidence of the changes that have occurred and the ways in which businesses have adapted.
The healthcare industry has by no means been immune from these changes, but in fact has changed more than many other industries due…… [Read More]
Health Care Database Design and
Words: 1419 Length: 3 Pages Document Type: Term Paper Paper #: 22182467A patchwork of laws provided narrow privacy protections for selected health data and certain keepers of that data." (Administrative Simplification in the Health Care Industry) Therefore, new technologies such as relational databases have simplified the data gathering and maintenance processes of all types of healthcare related data like the physician information process. It is not unheard of today for healthcare and insurance providers matching or 'sinking data' on a monthly or quarterly basis because of the availability of better communication capabilities as well as compatible database comparison processes.
Even the doctors themselves have access to providers' systems and databases today. Through automatic telephone systems, business to business Internet portals, and tape or disk delivery processes, all of a physician's personal, office and patient information can be updated easily. In many cases, the entire process including security and confirmation is a completely hands free operation. In other words, without human intervention,…… [Read More]
Health Care Finance Financial Analyst Eric Feigenbaum
Words: 1202 Length: 4 Pages Document Type: Essay Paper #: 38662815Health Care Finance
Financial analyst Eric Feigenbaum (2009) notes that while we like to think of hospitals in terms of compassion, patient care and dedication to altruistic aims, they are businesses concerned with revenues and expenses like any other business (Feigenbaum 2009, p.2). In today's hectic world of economic downturn and financial struggles felt from individuals of every demographic and social status, revenue and expense accounting are issues that must be addressed carefully by nearly every business in every market. The same holds true for the health care industry and health care providers. With financial uncertainty come threats for health care providers in managing revenue and expenses during the upcoming years. However, with these threats remain certain opportunities for health care providers to take on in order to combat the uncertainty that comes with managing revenue and expenses when the amount of each is not ideal.
With the appropriate management…… [Read More]
Healthcare Reform Throughout All of
Words: 1860 Length: 5 Pages Document Type: Term Paper Paper #: 52497443" (Arnold & Reeves, 2009). ith medical services price at the present time, illness or some kind of complicated to medical services may take people deprived of health insurance years to reimburse for bills that are medical. Furthermore, I believe that individuals who lost their jobs also are uninsured for the reason that their employer gave health insurance is no longer paying for them. I understand that based on the statistic; there are "way too many around 1 million workers that have lost their health reporting in the first three months of 2009. I think that helping people buy health insurance coverage with low-cost with offering the health plans options for the uninsured is the healthcare reform that is really needed now. In this way, individuals that are without health insurance will be able to afford paying their medical insurance to uphold their well-being.
In conclusion, with the increasing rapidly…… [Read More]
Healthcare Legal Issues Discuss the Impact Federalism
Words: 616 Length: 2 Pages Document Type: Essay Paper #: 27941325Healthcare Legal Issues
Discuss the impact Federalism has on the regulation of health care delivery; how do the different sources of law as they related to the federal and state governments matter, if at all?
In general, federal regulation of health care delivery would be much more appropriate and efficient than state or local law, at least in so far as major aspects of health care delivery are concerned. That is because state laws vary considerably; that makes it impossible to establish a consistent or uniform standard of health care delivery across state lines. Certainly, there are aspects of health care that are appropriate to regulate at the state or even the local level, but there are others that would be much better to regulate on a national or federal level.
One of the best examples of an aspect of health care delivery that should be regulated federally are elements…… [Read More]
Health Care 1875-1900 the History
Words: 1413 Length: 5 Pages Document Type: Term Paper Paper #: 7229617
The American Public Health Association (APHA) is founded. This organization is concerned with the social and economic aspects of health problems.
The National Quarantine Act is signed into law. This legislation is designed to prevent entry into the country of persons with communicable diseases.
1899 the National Hospital Superintendent's Association is created. It later becomes the American Hospital Association.
Patel & ushefsky, 1995, p. xvii)
The seeds of health care legislation and centralization began before 1875 but began to take hold as the most accepted manner in which to ensure safe and scientifically founded health care for many and to begin to ensure that diseases that commonly plagued a newly urbanized and highly stressful environment of mass immigration could be dealt with, in a more centralized and practical manner. Founded earlier in 1847, the American Medical Association began to have a concrete and centralized role in the health care decisions…… [Read More]
Healthcare Budgetary Decision Making With Resources Becoming
Words: 638 Length: 2 Pages Document Type: Essay Paper #: 94531660Healthcare Budgetary Decision Making
With resources becoming increasingly limited in the healthcare industry, managers are continually challenged with devising effective strategies for dealing with budgetary concerns. The most prominent challenge comes in the form of decision making that results in striking a balance between cost reduction and the maintenance of high quality care and safety for patients. The following discussion outlines approaches that can be utilized by managers to effectively deal with budgetary concerns in healthcare settings, with an emphasis on the advantages of group decision making strategies.
It is evident that there is often a struggle in the healthcare industry for managers to continually and effectively manage depleting resources, address the ever-changing needs of patients, and all the while provide a high level of patient care (Sibbald et al., 2010). This struggle has at its core a need for improvement in regards to the processes in which priorities are…… [Read More]
Healthcare in the United States Where We
Words: 2445 Length: 8 Pages Document Type: Essay Paper #: 5665201Healthcare in the United States: Where We Have Been, Where We Are Going
The current healthcare crisis in America is not one that happened over night. It is one that has been building for more than a quarter century. There was a time in America when healthcare was a stellar institution: research, cures, technological advances, and treatments. The focus of healthcare was maintaining and improving the quality of life. Then, during the early 1980s, managed care became an entity between the physician, the patient, and the healthcare provider of hospital services. It began subtly, but has, today, become one of the most aggressive and successful business ventures of our time; and it has been the unmaking of a once stellar and progressive American institution.
Managed care is a "distinctly American" product (Birenbaum, 1997). It was legislation introduced by the Nixon Administration with the intent to regulate healthcare and to maintain…… [Read More]
Healthcare Spending and GDP With the Renewed
Words: 580 Length: 2 Pages Document Type: Essay Paper #: 58285371Healthcare spending and GDP
With the renewed comprehensive healthcare system, the obvious challenge that came with it is how to finance it. The huge projections of the financial inputs needed to efficiently run the program portends a challenge to the government and is likely to spin out of control and be unaffordable in the long run after a few decades from now. This is informed by accompanying supplies and services increasing in cost like the essential original drugs that have been noted to have increased in prices among other services within the healthcare. In many countries people are expected to pay for their own health care. Therefore the ability of people to pay for their health care or the affordability of the healthcare has become a policy issue in many countries and especially an issue of urgency. The issue of healthcare spending has been a topic for debate over the…… [Read More]
Healthcare Reforms From 1990s Till
Words: 1184 Length: 3 Pages Document Type: Term Paper Paper #: 41667635(ennie; Fontanarosa, 2006)
Apart from financial reasons, millions are not bale to access healthcare due to a lot of barriers inclusive of geography, racial differences and immigrant status. The people who do not have access to required care, that might comprise incapability to get primary care chronic care, specialist care, or emergency care stand at risk for severe health consequences. As per a recent report, absence of health insurance was linked with considerably lowered application of recommended healthcare services for cancer prevention, cardiovascular disease threat reduction, and diabetes management within the lower-income as also higher-income adults. Apart from the concerns, trouble, and stress directly associated to their illness, patients those who lack insurance or are underinsured also encounter increased levels of debt, threatening calls from collection agencies, anxiety, and possible insolvency. (ennie; Fontanarosa, 2006)
Impact of reform measures on the nursing profession:
The U.S. healthcare system is considered among the…… [Read More]
Healthcare Disparities in the U S
Words: 2117 Length: 8 Pages Document Type: Term Paper Paper #: 20695588S. healthcare structure do not include the unobserved disparities. This may sound very rudimentary, even silly to point out, but in by understanding that the numbers are actually worse than they appear, and that the rising costs of healthcare services re associated with both what we see and can't see, it is easier to understand how costs rise so quickly.
It is also a sobering fact that what we cannot observe is still out there, existing beyond the scope of the government and social programs designed to help people overcome obstacles to access to healthcare and health insurance. The ethnic group that is most unobserved within the bounds of many of the studies and statistics related to the disparities in the U.S. healthcare industry is non-Mexican Latinos (Bustamante, et. al., 2009). This group represents a major portion of the U.S. population that currently lacks access to healthcare. In understanding this…… [Read More]
Health Care Financing Issue Analysis
Words: 2286 Length: 8 Pages Document Type: Term Paper Paper #: 89271788While the study had a number of scientific limitations; the two most significant were: 1) although the response rate of interns that volunteered to participate was 80%, those that did participate may not have been representative; and 2) the case-crossover analysis cannot account for the contribution of within-person factors that may have been co-variables with exposure status.
Evaluation
As a result of the related research, hospitals will be using medical resident interns as a means of making up for the lack of doctors caused by financing concerns. The redistribution of medical interns was expected to be completed before the next residency training year starts July 1, 2005, however, it remains currently underway. The Association of American Medical Colleges has stated that the health care system would be better off if the cap were lifted so hospitals could respond to the needs of their communities, such as adding a new cardiology…… [Read More]
Health Care Market in Discussing the Market
Words: 818 Length: 3 Pages Document Type: Essay Paper #: 14654930Health Care Market
In discussing the market for a health care good or service, one must first understand that in speaking of "health care," one is actually speaking of the entire health care industry, along with each of the goods and services that are produced and exchanged within this market. From organ transplant operations and blood donation to therapeutic massages and nursing home activity programs, the span of health care goods and services is both vast and varied. Further, in viewing today's uncertain economy, the market for health care goods and services is one that brings with it many different questions that must be addressed in order for a stakeholder to fully comprehend what decisions need to made in order to turn a profit.
Scarcity of esources
Scarcity of resources within this market significantly influences the decisions that stakeholders are forced to make. With scarcity of resources comes limited action…… [Read More]
Healthcare Infrastracture
Role of the Federal Government in National Healthcare Programs
The Federal Government should be among the foremost organizations that should play significant role in the National Healthcare Programs. This is because they are the leaders that the people had voted to take the responsibility of taking care of people -- and this includes the general role of establishment and support to health organizations.
There are many issues where the Federal Government should focus their role of establishing and supporting national healthcare programs. From News-Medical online, an article suggests that the Federal Government must expand its role in financing healthcare organizations such as the HIV / AIDS treatment of Americans that are affected with the disease. They must ensure that all the necessary healthcare needs and services are provided to patients especially to the low-income Americans.
To be able to perform their function of supporting the National Healthcare Programs,…… [Read More]
Healthcare Dan Hall a Self-Described
Words: 2809 Length: 10 Pages Document Type: Thesis Paper #: 77363048A recent article touted the 6.1% growth of spending on medical care in 2007.
The same article cautioned however that, "most experts know that no matter what the numbers say, there is still a great deal of work ahead to reform a healthcare system that is still fundamentally broken -- and is facing one of the worst economic recessions in decades" (Lubell, 2009, pg. 6).
Government and industry officials have been working to reform the industry for more than a decade yet the problem seems to be getting worse rather than better. More and more individuals are finding that insurance takes too much of their income and are forced therefore to forego that expense. Government is leery of committing to the cost of such expense, and industry is reluctant to offer expanded coverage without the backing of the federal government. As the interested parties do the two-step the problem becomes…… [Read More]
In the case of pill mills, participating physicians and pharmacists bill insurance companies or Medicare for prescription drugs, allowing participating beneficiaries to resell those drugs to criminal middlemen. The pharmacy then repurchases the drugs at a lower cost. According to the USGAO, any misuse of beneficiary identification information is a felony.
Criminals may also steal beneficiary information by creating drop boxes. The drop box scheme involves establishing a phony health care company in order to obtain insurance or Medicare payments. Like the drop box scheme, the pill mill scheme, and the rent-a-patient scheme, third-party billing also involves felony acts. Illegally obtaining beneficiary identification numbers, a criminal can use third-party billing agents to receive insurance payouts. The third-party billing company may not even be aware of the scheme. In other cases, the third-party billing company is a part of the scheme, defrauding by tacking on fraudulent claims to legitimate ones and…… [Read More]
Healthcare Research Current Rates of
Words: 769 Length: 2 Pages Document Type: Term Paper Paper #: 2447194During times of labor scarcity, workers have less of an incentive to take low-paying jobs, and employers have more of an incentive to provide benefits, to attract a higher-quality workforce. During times of high unemployment, workers are more desperate for jobs and will accept work at lower wages and lower benefits. But over a long duration of time, poor health status can actually result in higher rates of unemployment and lower wages, as conditions become more chronic and impede a worker's ability to labor: for example, 64% of males with diabetes and 40% of women with diabetes between the ages of 50 and 60 were employed; versus 82% of males and 60% of female without diabetes (Jacobs & apoport 2002: 259). Diabetes is a condition often associated with the working poor and very poor, and if the disease goes unmanaged it can become more chronic and impede the ability of…… [Read More]
Health Care Reform Several Years
Words: 2680 Length: 7 Pages Document Type: Term Paper Paper #: 13950798Contracts with doctors often contain a clause which doesn't allow the doctors to discuss
Health care 7 with their patients financial incentives to deny treatment or about treatments not covered by the plan (Glazer, 1996). This has caused many consumers, especially those with chronic illnesses, to form organizations with the American Medical Association and physician specialty groups to promote legislation forbidding "gag rules" (Glazer, 1996). One group, Citizen Action, has 3 million members and "has been lobbying in state legislatures for laws that would require plans to disclose how they pay their doctors; give patients the right to choose specialists outside the plan; and provide appeals for patients who get turned down for expensive treatments" (Glazer, 1996).
The doctor-patient relationship is also affected if a patient must switch to a new doctor under managed care. Having a longterm relationship with a primary doctor is important because he or she is…… [Read More]
Healthcare Poverty Health Care Reform
Words: 3343 Length: 12 Pages Document Type: Research Proposal Paper #: 63584903As a result, millions of Americans remain unable to bear the heavy financial toll of medical expenses. Indeed, the problem of a lack of insurance for many is related to the problem of the cost of healthcare. So confirms the article by Consumer Reports (CR) (2008), which finds that "health-insurance premiums have grown faster than inflation or workers' earnings over the past decade, in parallel with the equally rapid rise in overall health costs. Industry spending on administrative and marketing costs, plus profits, consumes 12% of private-insurance premiums." (CR, 1) This reiterates the case that the undue imposition of costs by the healthcare industry -- a reflection of a free-market industry with little to no regulatory oversight -- has negatively impacted the accessibility and quality of healthcare for many of the poorest users.
Moreover, these users are most vulnerable to the long-term economic damages provoked by unexpected healthcare costs. So…… [Read More]
Healthcare Addressing the Issue of
Words: 8204 Length: 30 Pages Document Type: Term Paper Paper #: 34819035Stated to be barriers in the current environment and responsible for the reporting that is inadequate in relation to medical errors are:
Lack of a common understanding about errors among health care professionals
Physicians generally think of errors as individual that resulted from patient morbidity or mortality.
Physicians report errors in medical records that have in turn been ignored by researchers.
Interestingly errors in medication occur in almost 1 of every 5 doses provided to patients in hospitals. It was stated by Kaushal, et al., (2001) that "the rate of medication errors per 100 admission was 55 in pediatric inpatients. Using their figure, we estimated that the sensitivity of using a keyword search on explicit error reports to detect medication errors in inpatients is about 0.7%. They also reported the 37.4% of medication errors were caused by wrong dose or frequency, which is not far away from our result of…… [Read More]
Healthcare Legal Aspects of Health
Words: 945 Length: 3 Pages Document Type: Thesis Paper #: 27640642d).
The health care industry is heavily regulated and has several special risk areas that need to be looked out for. An effective compliance program is necessary in order to mitigate these risks. In addition to the challenges that are associated with taking care of patients, health care providers are subject to huge and sometimes intricate sets of rules that govern the coverage and reimbursement of medical services. Because federal and state sponsored health care programs play such a big role in paying for health care, compliance with these rules are necessary in order to avoid penalties that can occur. These penalties can include such things as recoupment of improper payments, along with sanctions imposed by Medicare and Medicaid against health care businesses that engage in abuse or fraudulent practices (Corporate esponsibility and Corporate Compliance: A esource for Health Care Boards of Directors, (n.d.).
A good health care administrator will…… [Read More]
Health Care the Government Should Provide Health
Words: 1789 Length: 4 Pages Document Type: Essay Paper #: 38625612Health Care
The government should provide health care, because the economic characteristics of health care make it ripe for abuse in a market environment. Government should provide as a service to its population those goods that, for one reason or another, are open for abuse in a normal market economy. Normally, the main condition is natural monopoly, which makes the case for government involvement in commodities like electricity, water, or policing. Health care is not a natural monopoly in that there can reasonably be a number of different providers, but it has other characteristics that make it a strong candidate for government intervention.
In even the freest capitalist economies, there are public goods that the government provides. The government provision of certain services is accepted by populations because the alternative -- total anarchy -- results is a severely degraded quality of life. No government services at all is a failed…… [Read More]