Essay on "Spending in U.S. Healthcare July"

Essay 2 pages (607 words) Sources: 2

[EXCERPT] . . . .

In other words, in most situations, physicians get more money if they provide more care, not if they save money. HMOs were supposed to change this by providing incentives for not providing excessive and unnecessary tests and treatments. Regardless, the financial market rather than actual patient need is determining care, and a person with 'better' insurance who is more likely to reimburse the doctor for providing a service is more likely to get that service because of simple economic pressures (compounded by the high costs of medical school, much higher than elsewhere in the industrialized world). In contrast, in government-regulated systems, objective boards of physicians set guidelines regulating and rationing care, versus the rather arbitrary dictates of the market.

Finally, there are also built-in costs in private industry not present in publically-provided insurance, such as the need to market services. Even the complexities of different government programs that provide healthcare (federally-run Medicare for the elderly; state-run Medicaid for the poor; programs for veterans) likewise create additional bureaucracy and cost. A recent study, according to Businessweek, yielded the finding that "administration constituted some 30% of U.S. health-care costs and that the share of the health-care labor force comprising administrative (as opposed to care delivery) workers had grown 50% to constitute more than one of every four health-sector employees" (Pfeffer 2013).

References

Costs and spending. (2013). Kaiser Permanente. Retrieved:

http://www.kaiseredu.org/topics/costs-and-spending.aspx

Pfeffer, T. (2013). T

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he reason U.S. healthcare is so expensive. Retrieved:

http://www.businessweek.com/articles/2013-04-10/the-reason-health-care-is-so-expensive-insurance-companies

Suarez, R. (2012). Why is U.S. healthcare so expensive? PBS. Retrieved:

http://www.pbs.org/newshour/bb/health/july-dec12/medicine_09-24.html

Thompson, D. (2013). Why is American healthcare so ridiculously expensive? The Atlantic.

Retrieved: http://www.theatlantic.com/business/archive/2013/03/why-is-american-health-care-so-ridiculously-expensive/274425/

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Quoted Instructions for "Spending in U.S. Healthcare July" Assignment:

“

July 26, 2013 ASSESSMENT:

Policy topic and Search Selection.

Research the internet for key words such as “Health” and “Health Policy” and select a policy topic that is of interest to you. My selection of topic is “Cost and Spending”. You will use this policy throughout the course for your individual assignment. Review different topics and ideas at The Kaiser Family Foundation, KaiserEDU.org., Health Policy Topics List, June 28, 2010, available at WEB LINK: http://www.kaiseredu.org/topics_index.asp Consider reviewing the tutorials and issues modules when researching your particular topic. After completing your research, submit a 550 word APA formatted summary on your selected policy topic (Cost and Spending) and stakeholders that are affected by the topic.

For example, your stakeholders is a Veterans, the Elderly, HIV patients, or the uninsured. A minimum of two references are required.

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