Study Document
Health INS Healthcare Econ During the Ten-Year Essay
Pages:2 (593 words)
Subject:Economics
Topic:Health Care Economics
Document Type:Essay
Document:#24430494
Health INS
Healthcare Econ
During the ten-year period ending with 2009, the administrative costs and the profits of health insurance companies rose slower than other healthcare costs and came to represent an ever-shrinking proportion of healthcare premiums. Much of the increase in administrative costs can be ascribed to inflation, especially during the years prior to the recent recession, and ongoing expansions of healthcare coverage and legislation during the period also required some increases. The cost of care and the amount of care provided increased substantially during this period, however, and it is the increased demand that this placed on health insurance administrative efforts that accounts for the increases in these costs. In other words, health insurance has actually become more efficient and less costly in administrating care during this period, able to continue providing necessary administrative services for rapidly expanding healthcare needs with a relatively modest expansion of administrative needs. Health insurance companies are doing more with less, and this is why the percentage of each healthcare dollar spent that ends up goes towards health insurance administrative costs and profits has diminished year after year during this period.
2.
Should data show an increase in the percentage of healthcare dollars going towards administrative costs and possibly profits in the years following 2009, in a reversal of the trend of a decreasing proportion of each dollar going towards these areas, much if not all of the change could almost certainly be ascribed to the major overhaul of healthcare legislation that took place in 2010 with the signing of the Affordable Care Act. Though not all of the changes written into the Act have gone into effect, those that have already created new mandates and preparation for those that are to come would necessarily create an increase in…
Related Documents
Study Document
Medical Ethics of Providing Healthcare
In 2004, Arizona's Proposition 200 wanted state and local governments to verify the identity and immigration status of all applicants for certain public benefits, and to require government employees to report violations (Wood pp). Attitudes about the problem have hardened in recent years in some states, both out of concern about the economic impact, particularly in a time of slow job growth, and out of concern about the security threat
Study Document
Illegal Aliens on the Healthcare
It was good news. But it was bad news to healthcare providers in areas with large populations of alien immigrants. The benefits did not link up with the funding employers or the government to pay for the benefits. It did not offer enough incentives for the choice of a healthy lifestyle or the available health care services. It needed to simplify administrative procedures. It relied too much on government
Study Document
The U.S Economy and Health Care
Growing health care expenditure contributes greatly to the American government’s financial wellbeing. Citizen burden when it comes to funding these expenses, in the form of growing taxes and increased long-term loans, constitutes the chief effect of this upsurge in governmental health expenses. Dealing with this issue necessitates active participation of every healthcare worker in process map creation and estimation of resource expenses surrounding patient treatment throughout the care cycle. Suggestions
Study Document
ACA Impact on States
Health Care Reforms Healthcare reform has been a national issue for some time and the ability to afford citizens the opportunity to adequate healthcare services is an interesting debate with many ideas and arguments both for and against the practice. To help understand the finer meanings of what health care reform laws can impact on a region it is necessary to examine the impact of such reforms on a selection
Study Document
Adult Day Care Industry
Adult Day Care Industry ABC Adult Day Care will be a mid-sized company, which will provide adult day care services to the residents of Boston. This mid-sized adult care facility will serve adults aged fifty years and above. It will provide community-based day health services for the elderly and disabled. Services offered include living assistance, nursing, therapy, meals, and social activities. Their services will be secure and safe, presenting the elderly
Study Document
Mental Health Legislation Critical Appraisal of Recent
Mental Health Legislation Critical Appraisal of Recent Mental Health Legislation and its Effect Upon Service Users and Carers In recent years, we have seen a renewed government interest in public health. The everyday coming amendments and suggestions show that achievement of a healthy individual in society is not just related to medical treatment. It also shows that social, environmental and economic surroundings play an important part to determine levels of illness and