Health Care Reform Project Part I

In: Business and Management

Submitted By kwayland1965
Words 747
Pages 3
Economic Impact of Providing Medical Care to an Aging Population
In today’s world the aging population is rapidly growing, and with falling fertility rates and the constant increase of the human life span, the United States is preparing for the realization that the fastest growing populace is what the nation considers to be senior citizens. For health care organizations any type of demographic change will automatically bring economic and social challenges. Almost 80 million babies were born in the United States from January 1946 through December 1964. This segment of the population is known as the Baby Boomers. In 2011 the first wave of Baby Boomers began reaching age 65, the age of entitlement. Every day from today for the next 16 years approximately 10,000 Baby Boomers will turn age 65 and become entitled to Medicare (, 2011). With an increasingly older population come the need for a greater number of prescription drugs, a greater number of medical office visits in order to extend the aged quality of life, and a greater need for long term care. 80 million Americans within the next 16 years will receive some form of government funding for health care adding to the already fraught health care economy.
Ageing population puts strain on medical costs: Bernanke warns of ‘fiscal crisis’
With more than 10,000 Baby Boomers reaching the age of retirement and Medicare eligibility every day for the next decade and a half the nation’s and states’ government are facing a disastrous fiscal crisis. The Congressional Budget Office made a projection in 2007 that the federal debt held by the public to gross domestic product ratio will have ballooned to 100% in 2030 however the nation has surpassed this figure as of 2012. The government’s dilemma is how to decrease health care spending while extending the quality of life for these 80 million aging baby boomers.…...

Similar Documents

Health Care Reform

...United States Main article: Health care reform in the United States Health care reform in the United States Healthcare reform in the US Debate over reform History Latest enacted legislation Patient Protection and Affordable Care Act (Senate bill - H.R. 3590) Health Care and Education Reconciliation Act of 2010 (H.R. 4872) preceding legislation Social Security Amendments of 1965 Emergency Medical Treatment and Active Labor Act (1986) Health Insurance Portability and Accountability Act (1996) Medicare Prescription Drug, Improvement, and Modernization Act (2003) Patient Safety and Quality Improvement Act (2005) [show] More information -------------------------------------------------------------------------------- This box: view· talk· edit See also: Patient Protection and Affordable Care Act Maximum Out-of-Pocket Premium as Percentage of Family Income (Source: CRS) In the United States, the debate regarding healthcare reform includes questions of a right to health care, access, fairness, sustainability, quality and amounts spent by government. The mixed public-private health care system in the United States is the most expensive in the world, with health care costing more per person than in any other nation, and a greater portion of gross domestic product (GDP) is spent on it than in any other United Nations member state......

Words: 3815 - Pages: 16

Health Care Reform

...Running Head: Health Care Reform Proposal Ethel Sloan Professor Tiriza York Grand Canyon University Date: April 20, 2012 Health Care Financial Reform Proposal The financial future of the health care industry is faltering. Financing Issues are among the most difficult problems in health care. The impact of health care reform initiatives from 2010 forward is yet to be realized. The impact on health care may take several years before health care can be reformed the way it should be. There are several problems on the horizon that is effecting the health care system. There is quality of health care, continuous rising of health care, and the developing of electronic medical records transparency. The impact of health care involves a selected choice of rules to Patient Protection and Affordable Care Act that the Senate-passed health insurance reform bill.  Health care reform indicates health care industries must do more with less if they want to keep competive. In addition, this means health care industries need to become incredibly effective (Cleverly, W. O., Song, P. H., & Cleverly, J. O., 2011). On February 17, 2009, According the the Centers for Medicare and Medicaid Act The American Recovery and Reinvestment Act authorizes the Centers to provide reimbursement incentive for physicians, hospitals, and providers who are successful in becoming meaningful users of an electronic health care......

Words: 1519 - Pages: 7

Managed Health Care Reform

...Today’s Health Care Reform in the United States Tiearia Fariss HCS/235 July 21, 2013 Professor Cyndie Miculan In the United States there has been always a problem with citizens who do not have medical coverage. Health care reform is part of an ongoing debate in the United States. The government has been pondering on many ways that the government could help the United States citizens obtain health care that currently do not carry health care. In March of 2010 the President of the United States Barrack Obama signed into law the proceeding for the Affordable Care Act that would offer health insurance to millions of Americans. The reasoning behind so many citizens not possessing health insurance at the said current time is because of lack of income to help pay for the needed medical coverage. With this new law there are income related subsides that would help individuals afford the need medical coverage at a cost that is affordable to the individual. When deciding on why the Affordable Care Act would be ideal for the United States the government took into consideration the market rules as well as the quality improvement as priorities for health reform. There are definitely some pros and some cons to the new health care reform......

Words: 1112 - Pages: 5

Health Care Reform

...National Health Reform - Decreased Cost in Medicare and Medicaid: How Does it Impacts Nursing Home Care in New York State by Vina Aileen Bonner HCA 621 Utica College Fixing medical care and health insurance in the United States has been a public policy concern for about a century. Presidents such as Theodore Roosevelt, Harry S. Truman, John F. Kennedy, Richard Nixon, Jimmy Carter and Bill Clinton focused on the National Health Reform, but only President Barack Obama achieved the health care reform. Health care costs are increasing while the access to health care is declining. The occupationally based health insurance system is greatly stressed. Medicare and Medicaid are consuming more of the federal budget. According to the White House’s budget for U.S. Department of Health and Human Services (HHS), President Obama’s proposal would save nearly $360 billion in Medicare and Medicaid over the next 10 years: $56 billion would come through Medicaid reforms. Medicare is a federal health insurance program providing health care benefits to all Americans age 65 and over. Medicare is a significant part of the reason the national debt is soaring out of control. It is an open-ended program for provided for millions of senior citizens and people with disabilities. Medicare is growing faster than Social Security and more expensive in the next 25 years. Nationally, health care experts believe that as much as third of all health care spending – about $800 billion......

Words: 1821 - Pages: 8

Health Care Reform in the U.S.

...Health Care Reform in the US Introduction Health care reform is a general term that is used for analyzing and discussing major health care changes and provisions. Most health care reforms are typically served with the responsibility of broadening the population so that they can receive adequate health care coverage through private or public insurance companies. Also they improve quality of existing health care system and decrease the cost (Weiner & Robert, 2009). The health care reform legislation act of 2009 is a bill that was enacted in USA to direct the health care insurance providers to draft and develop regulations in implementing a comprehensive policy aimed at providing effective and cheap insurance cover to all American citizens. Though beneficial to the public, since the bill was signed into law the implementation of the act has faced numerous economic, social and political challenges. In addition, the political climate is such that real challenges appear to be emerging, including legal challenges at the state level (Farber & Blustein, 2007). Finally, polls are showing that voters are not yet on board. In fact, some voters are unaware that a health care reform bill had been passed. Therefore this paper Identifies and describes the major challenges to health care reform implementation and gives an analysis of how these challenges can be resolved. Reasons and Recommendations for Health Care Reforms There is minimal question regarding the need to restructure the......

Words: 1766 - Pages: 8

Health Care Reform

...Assessment on Health Care Politics and Policy Brittani Cornett Health Care Policy 3200 Professor Walpole November 16, 2013 The overwhelming majority of Americans agree that reform of our healthcare system is necessary; however, the debate continues to rage over the specific type of reform we need. With the health care reform more people will gain health insurance, coverage will be more affordable, and people will have access to the health services they need. These provisions will improve the lives of millions of Americans and give them the peace of mind that comes with knowing that they have coverage no matter what. Prior to the Patient Protection and Affordable Care Act was passed, the Democrats and Republicans had not been able to compromise on a deal. Subsequently, President Obama and House Republicans failed to reach an agreement on a plan that would extend the nation's debt limit. This paper will evaluate two consequences involved in policymaking of health care reform; the committee involved, and the reasons the House will not come to an agreement in efforts towards health care reform.   On March 23, 2010 the Affordable Health Care Act became a law. This meant that insurance companies would no longer stand between consumers and their healthcare providers. They could no longer dictate what services would be limited, and the need for seeking approval before receiving emergency......

Words: 1049 - Pages: 5

The Health Care Reform Project

...The Health Care Reform Project Michele Anne Campbell, Nadine Avelar, Melissa Bishop, Patricia Estrada, Ora Taylor HCS/440 June 22, 2014 Caryn Callahan The Health Care Reform Project A current health care economic issue is medical care for an aging population. Because of the baby boomers, the current population of aging Americans is increased from previous years. This is a growing trend that shows no obvious signs of slowing down. With each generation, more people are born and each generation will continue to have a larger population than its predecessor. The result is an increase in the need for funding the medical care for this aging population. We currently have Medicare and Social Security, but just like every financial source, it has its limits. It has been predicted that by the time the baby boomers grandchildren reach the age for retirement, there will be a lack of or absence of the resources necessary to fund their Medicare and Social Security benefits. There does not seem to be any resolutions to this issue. The only possible solution to this current issue is prevention. There are two different types of prevention. The first is preparation for the financial deficit toward health care for this group is a pre-meditated and sustained savings plan. Most people save their money for retirement, but not for medical care. The reality is that people spend more money on health care during later years that on vacation or retirement. Today’s retirees are often still......

Words: 1072 - Pages: 5

Health Care Reform

...Johnson HCA-255 February 21st, 2014 Prof: Deborah Conway Health Reform Why the Clinton Health Reform Plan never passed in the 1990”s Possibly the Clinton organization's utmost error was unwarranted determination. The strategy struggled instantaneously to protect worldwide insurance coverage, controlling the isolated coverage market, changing health care funding through a company requirement, regulate prices to planes imposed by a nationwide health panel, and change the provision system through managed care. In the least any one of these ideas alone was going to be difficult to achieve, and even though there is a practical validation for taking all of them on at one time, it would prove to be an administrative double-crossing task. Without a doubt, each element of the Clinton plan stimulated conflict (Joanathan Oberlander, 2007). The National Federation of Independent Business strongly was against the business obligation. The Health Insurance Association of America struggled against coverage guidelines and federally enforced price controls. Congressional Republicans criticized the whole design, including the health agreements, as being too much “big government.” The organization's hold on to the proficient opposition of health care system change separate well-insured, middle-class Americans (Joanathan Oberlander, 2007). The Clinton organization both overestimated the opposition and misjudged the support for reform. The organization did not organize any planned......

Words: 1509 - Pages: 7

Health Care Reform

...The New Health Care Law What should employers know? MGMT 4510 CRN 87885 Legal Issues in Human Resources Dr. Judith Ogden Group Members Jemella Bartley Justin Martin Christie Simon On March 23, 2010, President Obama signed into law the comprehensive health reform legislation, the Patient Protection and Affordable Care Act, P.L. 111-148. Recognizing the disparities among American citizens, with and without health insurance, both Acts focus on ensuring that all Americans have access to quality, affordable health care. Comprehensive health reform addresses the following: major provisions to expand health care coverage, controlling health care costs, and improving health care delivery systems. While many debate the pros and cons of the new legislation, they must prepare for significant changes tiered over the next eight years. Here, we will discuss how the comprehensive health reform legislation affect employers and explain what they should know and be prepared for. The Patient Protection and Affordable Care Act each address essential components of reform: * Quality, affordable health care for all Americans: this function will accomplish a fundamental transformation of health insurance in the United States through shared responsibility. This means requiring most U.S. citizens and legal residents to have health insurance and requiring employers (large & small) to offer insurance or pay a penalty to the government for each employee. *......

Words: 1828 - Pages: 8

Hcs 440 Week 5 Learning Team Health Care Reform Project Part Iii

...This paperwork contains HCS 440 Week 4 Individual - Economic Issues Simulation Paper General Questions - General General Questions Review the Health Care Economics Issues HMO Simulation exercise posted on your student web page. Follow the Wk 4 WEB LINK “Understanding Economic Issues for HMO’s”. This exercise is for your learning experience only. Do not post any screen short from the exercise as part of your assignment. Economic Issues Simulation Paper Prepare a 1,050- to ,1400 paper in which you present a profile of each company including the demographics of the employees, the health care risk factors (potential areas of high utilization), and the premiums the company is willing to pay. Apply each plan, Castor Standard and Castor Enhanced to each company, Constructit and E-editor, to determine which plan best meets the healthcare needs of the employees – ignore Dearden. As a representative of Castor insurance, your job is to maximize profit and minimize risk for the company. Based on your analysis of potential utilization, give at least two reasons why each plan could be selected for each company. Then select one of the two companies and state which plan you would select to sell to that company? What are the reasons for this decision? Why did you not select the other plan offered? Your paper should be organized so that each question serves as a subheading followed by the discussion, i.e. Two Reasons Why Each Plan Could Be Selected,......

Words: 374 - Pages: 2

Health Care Reform

...Health Care Reform Tiffany Henderson POL: 201 American Government Instructor: Kristine Tsahiridis June 8,2015 We are all too familiar with the term “Obamacare”. The first thing that comes to mind when we hear it is health care. Medical insurance has become such a hot topic in the most recent years. Not everyone is able to afford the best care, and it is becoming more of a challenge for senior citizens and for people with limited income in general. Health Care reforms have always had a long history of being proposed but not approved. That has changed in 2010 when two new federal statues were passed into law. The first being the Patient Protection and Affordable Care Act, or PPACA, and the second being the amended version to the PPACA, known as the Health Care and Education Reconciliation Act of 2010. The Federal Health Reform was created to make it easier for all Americans to have health care coverage. The reform uses the current insurance programs that are in place to build on so that more people can have access to health insurance. It also ensures consumers protection and more knowledgeable shopping for insurance. There are many steps included in the reform act such as, expanding Medicaid to allow for lower income families to afford health coverage, encourage more employers to offer coverage, encourage primary and preventive care, and require most Americans to have or purchase health insurance. The efforts for an effective health care reform have started as......

Words: 745 - Pages: 3

Health Care Reform

...Whether you are an economists or the average consumer, Health Care costs and spending seems to always be a hot topic. From my initial research I found that Health Care costs are steadily rising both in the private and public sectors. From what I have read I believe some sort of Health Care reform is required. There are vast numbers of people suffering and even dying because the cost of Health Care is too expensive. Unfortunately people skip doctor appointments and ignore ailments, just because they cannot afford it and it some cases people are paying the ultimate price. I’d like to look a little deeper into the Pros and Cons of Private and Public Healthcare and delve a little into some of the Health Care reform Bills that are in play or will be implemented in the near future. Specifically I want to look at Obamacare, as I hear it in the news, but do not know what impacts it has to the economy, good or bad. List of Figures Figure 1 6 Figure 2 6 Figure 3 7 Figure 4 7 Health Care Reform In recent years, a fair amount of attention has been geared towards Health Care. There has been a number of Economists that have voiced concern that rising health care spending could hurt the economy and lower employment. A December 2004 survey of CEOs found that employee health care costs are the greatest cost concern of America’s business leaders. (via Due to the ever rising cost of healthcare, I found that approximately 53 Million people......

Words: 1347 - Pages: 6

Health Care Reform Project Part 1

...Health Care Reform Project Part 1 David Chambliss HCS/440 - Economics January 12, 2016 Professor Kamal Faour Health Care Reform Project Part 1 The Price of Progress: Drugs In The Health Care Market This is a review of the above fore mentioned article. The U.S. health care system in the new century comes with good and bad news both stemming from the same source; medical innovation. The good news: life expectancy and health status in the United States are improving; infant mortality is declining and disability rates among the elderly have been falling. These improvements all point to one source: major pharmaceutical breakthroughs in the 1990s. The bad news: This medical progress is expensive meaning better medicine increases cost in the long run. Debate over our specific choices seems always to devolve back to a list of competing alternatives: restrict patient access; shift costs to the recipients of progress; shift risk to providers; or share through higher premiums the cost increases. . Unnecessary Regulations That Increase Prescription Drug Cost This is a review of the above fore mentioned article. As drug coverage has become more widespread, so too have calls to impose additional regulations on drug plans and the firms managing them. A reason sometimes given for increasing drug plan regulation is the need for transparency to prevent drug plan managers from excessive mark-ups for drugs at the expense of patients and health plans. In......

Words: 610 - Pages: 3

La Health Care Reform

...overhaul of the state’s health care system. Governor Jindal is trying to unite the health care system so that it is no longer a fragmented system. He believes that our health care system is fragmented; there is nothing to link any aspect of the health care system together. There are so many people that have no insurance, because they are falling through the cracks of the health care system. The uninsured either make too much money to qualify for the programs that they need and make too little to be able to afford any kind of health insurance coverage. My problem with Jindal’s proposal is that I believe it does not go into enough detail. When President Clinton was trying to pass his health care reform, there was a lot of information that we could research. While researching Governor Jindal’s position he only talked about three areas to change the whole policy. I went to about five websites and most of them said the same thing over and over. The state of Louisiana passed Jindal’s Health Care Reform Act in 2007. In November of 2008, our administration offered the “Louisiana Health First” plan to implement the plan. (Jindal) It is still awaiting implementation due to it needing a federal waiver to operate outside of the Medicaid rules. (Jindal) Jindal states in his talks about what he wants for his health care reform “We need a system where individuals choose an integrated plan that adopts the best disease-management practices as opposed to fragmented care. Pricing and......

Words: 1422 - Pages: 6

Health Care Reform -Ethics

...Katie Bender OL690 Health Care Reform The Affordable Health care act was signed into effective on March 23, 2010 ( The purpose of the Patient Protection and affordale care act was Healthcare reform, yet there were other provision through into the law to get it passed. The law best known as Obama Care, is being challenged in the court system since it went into effect. In March of 2012, the constituality of the law will be agrued in front of the Supreme Court. The impact on the spheres and stakeholder is greater then what the Supreme Court will have to deciside. The Court system will be making the decision on “whether the law’s central mandate is constituional ad the justices will also determine whether the rest of the law can take effect even if that central mandate is help unconstitutional.” (Sherman, 2011) Taking a look at the impacts on the different sphere will allow us to determine the impact on the stakeholders and allows us to take a look at what the justices will be hearing. The constutionality of the law is a major factor with the Health care act. Many people feel that the government does not have the right to require everyone to have health care. They feel that the impact of doing this is not justifiable based on the different spheres. The civil sphere, which is “comprises entities and organization that develop civility and coherence through the long-term building of civilized community and socail capital, the......

Words: 1628 - Pages: 7