Term Paper on "Healthcare Reform"

Term Paper 5 pages (1860 words) Sources: 5

[EXCERPT] . . . .

Healthcare Reform

Throughout all of the years, healthcare has turned into a topic that is hot. Many are unaware that the Health maintenance organizations are going to have to respond to bigger competition which is caused by this shift in registration as each object efforts to funnel these patients into its own supplier network. With that said, this research really puts the highlight on the price of the health care delivery system and the pros and cons of how it affects today's society. High prices, gap-ridden coverage, and sporadic excellence are the health care difficulties that most distress Americans.

Healthcare Reform

Health care system has now come to a place where they are being faced with so many different concerns such as insurance that has sky high cost, medical services that cost an arm and a leg, important numbers of people lack any technique of healthcare insurance, and countless more people no not have any type of insurance. Heath care is not reasonable for everyone and not that easy to get a hold on anymore. With health care cost, reforms are needed to be more affordable with high quality and efficiency. An investigation of international health care spending levels during the year of 2000, printed in the health policy journal Health Affairs, established that while the U.S. is spending more on health care than other nations in the Organisation for Economic Co-operation and Development (OECD), the usage of health care facilities in the U.S. is underneath the OECD average by most actions. The authors of the investigation decided that the values paid for health care services are much advanced in the U.S. (Walshe & Shortell, 2008).With that said the essay will talks about a lot of aspects that will help and hurt consumers and the economy.

The Pros of Health Reform

A lot of people have been a little skeptical when it comes down to healthcare reform. So what could the pros and cons of the new health-care reform that House Democrats approved a while back? For one thing, the bill is somewhere around 2,000 pages long, and some would mention and say that most of it was full of lawyer-talk. A lot of the pros and cons are based on partisan view. However, there are some variations that have been going on in the bill that involved rudiments that appear in the direction of becoming something that is more objective to a lot of specialists. There are somewhere around "46 million persons that do not have any health insurance, but then again also for those who do have insurance the financial downturn is a cold reminder that under current system, almost anyone that is going through a time of bad luck could be rapidly wiped out by those that are collecting medical bills." State Healy, Bernadine M.D. (2009). Providing health insurance for people uninsured and low-cost insurance are major problems need to consider and take it seriously.

This reform does bring forth a more competitive insurance industry. This is considered to be a big advantage because of the increased regulation that will stop the insurance companies from being able to rig the prices. For example, the current 50% insurance premium that put out an increase in California is something that comes to mind to prove a point. However, there are other cons for instance that idea that competition with afresh shaped public units will in an ideal world make the whole industry more economical (Reiboldt, 2010). Furthermore, another advantage would be the fact the insurance companies are now necessary to post their balance sheets, executive recompense, and managerial costs online.

Another pro-about healthcare reform would be that Insurance companies will have to accept everyone. This would be a dream come true for those that have been struggling No more pre-existing condition exclusions. They can't place limits on coverage anymore, either. Something the elderly people being talking about have been a dream of having cheaper prescriptions for seniors. Also there has been a lot of talk over the years regarding how high the costs of buying prescription had cost so much. One of the pros for his issue was the fact that the closing the of "donut hole" meant that there would be much cheaper prescription drugs for seniors.

The biggest pro-about the whole thing is the fact that it is a total reform. Most would not even argue that this country is in dire need of an entire reform. It is sad that in this country we have fallen into a situation where healthcare is even turning into a circumstance where things are unaffordable to employers, leaving workers with higher out-of-pocket expenses and that does not matter if they have a job or not ensured. Healthcare costs have discarded countless individuals from the middle class. Individuals are getting sick and are dying for the reason that insurers refuse to even take them on. Of course, this could not be functional because it is obvious that any kind of reform should be able to help.

Cons of Health Reform

Cuts in Medicare are actually one of the big concerns and most concerned con in healthcare reform. The elderly on Medicare will see that most of their benefits are changing dramatically overnight it seems. Most would probably not realize that the biggest item that is being used to recompense for the new program is probably more than $500 billion that has to do with in cuts to the Medicare services at a time when 82 million baby boomers are now becoming more eligible for it probably in the next decade (Belcon, Ahmed, Younis, & Bongyu, 40-74.). The second main move to recompense for this is by raising and increasing the Medicare tax. (Ed Rollins via CNN)

Another con in the game is the costs. Any way people may try and slice it, bring in another $940 billion to the shortfall would not be a very good objective for the U.S. budget. Yes, the Congressional Budget Office did make the mention that healthcare would more than likely bring in a reduction regarding the budget deficit, but it is really no way any person is able to actually know what will happen.

Another con with health reform would be the there are no new incentives for primary care physicians. Physicians are progressively turning to different specialisms as a way to pay off exclusive medical school obligation and make more cash (Belcon, Ahmed, Younis, & Bongyu, 40-74.). This means more amount of work and exhaustion for primary care physicians, who get no administrative relief under the present reform bill (Walshe & Shortell, 2008). However, people have to be aware that also means longer wait times, more problems, and possibly higher specialist prices for customers.

The last con is the fact that there are more taxes involved. Many already know that the government has to pay for healthcare reform whichever way they can. Taxing businesses is a big strategy that is being done every day. For instance, medical device makers more than likely will be able to see a new 2.9% excise tax. Families that are earning more than $270,000/year will be the ones that will have to pay higher Medicare taxes (Bolduc, 2008). Furthermore, this is not a tax, but companies will be penalized $3,000 per worker if they don't offer reasonable medical coverage.

Researcher's Opinion

In my opinion, I believe that there are more cons than there pros and healthcare is in such terrible shaper. One thing that I found interesting to comment on is the competition. My point is for instance with Parochial and Private Schools both have been opposing with public schools for a very long time. These faculties have to display that they are worth paying for and if they do not show this than ii is very unlikely that they will not get customers. The health care industry, on does not operate like that in my opinion, they do not have this there really is no government competition. It really is more along the lines of 'people give them pay that is in outrageous amounts of money or you will just die. 'And even if the person does not die they still seen to find ways to grab them in.

I believe that the number of people that are being uninsured is way too high. There are so many issues that are leading to be uninsured and that includes things such as poverty, the financial recession which leads to high valued of joblessness and some working families who do not appear to afford coverage because it is too expensive, also, earn too much to be qualified for numerous services which the state's healthcare breadwinner (Belcon, Ahmed, Younis, & Bongyu, 40-74.). Proposing the healthcare choices with compensations for the uninsured with reasonable price is needed to take into consideration. Numerous low income persons will not be cannot afford health insurance typically do not go seeking for medical services just because the price is way too high, I understand that "by… READ MORE

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