We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Nobody downloaded yet

Health Care Reform and Effect on Prescription Drug Costs - Research Paper Example

Comments (0)
Summary
Health Care Reform and Effect On Prescription Drug Costs Name Professor Course Date Abstract Healthcare reform legislation’s general impact and consequences on the prices of prescription drugs are not quite easy to comprehend, by the fact that certain provisions will not take effect for several years, courts actions and rulings, conflicts and contentions at state level, or partisan stand in Congress and Senate could cause significant delays or major revisions to the legislation…
Download full paper
GRAB THE BEST PAPER
Health Care Reform and Effect on Prescription Drug Costs
Read TextPreview

Extract of sample
Health Care Reform and Effect on Prescription Drug Costs

Download file to see previous pages... Introduction The Patient Protection and Affordable Care Act, or PPACA, and the Health Care and Education Reconciliation Act of 2010, better known as Health Care reform law enacted on March 23, 2010 have been viewed with both appreciation and concerns by the major stakeholders of the health care system. Healthcare reform legislation’s general impact and consequences on the prices of prescription drugs are not quite easy to comprehend, by the fact that certain provisions will not take effect for several years, courts actions and rulings, conflicts and contentions at state level, or partisan stand in Congress and Senate could cause significant delays or major revisions to the legislation. Nonetheless, there is going to have significant impact on the healthcare economy and bottom line of manufacturers as there are many provisions in the health-care-reform law that are likely to have the direct or indirect consequence of increasing the volume of product sales that include prescription drugs. The supply chain of prescription drugs from manufacturers to consumers has a series of stakeholders, for example, wholesalers, pharmacies, and insurers. The impact of any legislation on prices is quite complex due to intricate mechanisms of fixing prices that involve many stakeholders in the value chain. The price paid by a pharmacy to buy a brand-name drug from the manufacturers is generally not the net cost of buying the drug from the manufacturer because manufacturers give discounts/rebates on brand name drugs to insurers. There are many different prices paid along the supply chain. It will be interesting to analyze the impact of new reform law on the prescription drugs. Healthcare System before the Enactment of Reform Law The current U.S. system of federal healthcare came into being in 1965 through Congress’s amendment of the Social Security Act and the establishment of Medicare and Medicaid. Medicare began as a national health insurance program for persons age 65 and over, regardless of income or wealth. In 1973, coverage was extended for those on disability for at least two consecutive years. Medicare provides enrollees with a basic program of hospital insurance and supplementary assistance program to aid in paying healthcare bills (Raffel and Raffel 1994). Through this, everyone who is old enough receives some healthcare.  Medicaid is also a national health insurance program, but it is administered by states and it can potentially assist a broader range of people than Medicare. It serves to provide services for the “categorically needy,” such as those who are blind, aged, or disabled, and for the “medically needy,” those who can afford to live, but cannot afford to pay for medical care (Raffel and Raffel 1994). People may enroll in these independent health insurance plans through their employer or on their own if they can pay for it. It is meant for a person with high medical costs and is not old enough. However, financial burdens greatly limit the system’s accessibility. Census estimates from 1999 indicate that 43 million Americans live without health insurance even though 75 percent of them have a full-time job or live in a household with at least one member working full-time (Mueller 2001) for Medicare. The Americans ...Download file to see next pagesRead More
Comments (0)
Click to create a comment
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
United States Health Care Reform and Accountable Care Organizations
United States Health Care Reform and Accountable Care Organizations It goes on to discuss the implementation of the recent Affordable Care Act and the changes it will bring along with it, more specifically the benefits. The issues this paper touches upon are of extreme importance because they are related to sensitive issues of health and the provision of medical assistance to the American people.
12 Pages(3000 words)Research Paper
Health Care Reform
The patients, doctors and health care professionals in general have been unsatisfied with the state of affairs, as many were left uninsured, restricting insurance to government sector alone was restricting the services offered, the employer based insurance scheme was leaving out the unemployed, administrative procedures for availing insurance were complex, quality of health care was under the scanner, and the financial obligations involved in giving decent health care facilities to all was threatening to the government exchequer (Garson).
5 Pages(1250 words)Research Paper
Health Care Law Changes Reimbursement Systems
These reforms did not however meet the required objective of improving the quality of care at hospitals. As a result, further reforms are being instituted that will come into force in 2013. These reforms propose to reward those hospitals which are able to provide high standards of quality of care, or are able to achieve a significant improvement in quality when measured against an objective standard.
12 Pages(3000 words)Research Paper
Prescription Drug Costs in Primary and Secondary Care UK
The problem is even more pronounced in the United Kingdom (UK). One of the reasons for such increasing expenditure is over-prescribing. Dukes, Mildred and Swartz argued that in many countries, over-prescribing has been used as a security blanket either against litigation, or as a stance in practicing defensive medicine.
33 Pages(8250 words)Dissertation
Health Care Reform
As indicated by Holstein and Litzinger (2008, 15), “in the U.S., the rapid rise in health care cost and low access are widely recognized as twin problems. Health care reform in this country first focused on cost containment through managed care to make health insurance affordable, and then shifted to expanding access to coverage at the state level without doing away with the private health insurance market”.
5 Pages(1250 words)Research Paper
Health Care Reform
Great steps have been notable in the matters of infant mortality rate, life expectancy and the general reduced mortality rates because of better health care as compared with the yester years. Great steps in reforming the medical system as we have it today in the United States dates back from the first quarter of the twentieth century where reformist took shape of the system to protect workers from wage losses as well as the escalating medical costs.
3 Pages(750 words)Research Paper
Health Care Reform Implementation
In the United States (U.S.), this is achieved by the implementation of insurance programs in the public or private sector insurance companies. Health care reform also seeks to expand the assortment of health care givers and practitioners to give health services consumers a wide variety to choose from.
6 Pages(1500 words)Research Paper
Obama's Health Care Reform 2010
Research indicates that the United States has been the only major developed country that has not warranted her populace coverage for health insurance
14 Pages(3500 words)Research Paper
Prescription drug costs in primary and secondary care
These worries have been soothed by the need for physician groups to control health care costs, as reimbursement decreases and expenses increase (British medical association,
8 Pages(2000 words)Essay
Obamacare , AKA the Affordable Care Act
Moreover, it aims to reduce the amount of health care spending. It does this by making health care affordable to the lower-income class, equalizes health care rates for both men and women, and allows health insurance coverage to even those
3 Pages(750 words)Research Paper
Let us find you another Research Paper on topic Health Care Reform and Effect on Prescription Drug Costs for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us