Free

Health Care Cost - Essay Example

Comments (0) Cite this document
Summary
Employers have the capacity to control healthcare expenses through incentives, which inspires workers to work hard and act properly keeping them away from destructive work practices such as idleness. Health savings accounts allow workers to use their cash, offering them a pause…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER95.2% of users find it useful
Health Care Cost
Read TextPreview

Extract of sample "Health Care Cost"

Health Care Cost al Affiliation) Health Care Cost Employers have the capa to control healthcare expenses through incentives, which inspires workers to work hard and act properly keeping them away from destructive work practices such as idleness. Health savings accounts allow workers to use their cash, offering them a pause to reflect on how they can get their healthcare, the most lucrative way. Employers can offer spousal coverage by paying a fraction of the premium and put their partners and kids on their plan. Employers can put smokers on a coverage plan, which eradicates smoking throughout working hours, helps workers in attempts to stop, and teaches them that being nonsmokers has the aptitude to decrease the smoking populace (Wyman, 2012).
Employers can offer discount medicine programs, which trim down prescription costs. They can also offer education with reference to the emergency room so that workers can have the knowledge of the existence of urgent-care institutions within pharmacies and stores, along with physician hotlines available 24/7 that they can utilize resourcefully than visiting the ER each time their families or them experience minor symptoms (Wyman, 2012). Employers can have a proper incentive design that directs workers to choices that have the lowest-cost first to reward excellent purchasing conduct that is vital to price containment.
Employers can shop for insurance because they get the chance to shift carriers one third of the moment in time. Employers can offer to pay for workers’ wellness such as online healthiness risk evaluations and blood reports since they save on some cash and teach them on their healthiness, make them conscious of apprehensions and inspire them to live better lives. Employers can utilize brokers who are experts in healthcare and has the aptitude to look for methods to support the company and workers while offering pioneering initiatives and applications for newfangled technology (Wyman, 2012).
Reference
Wyman, T. (2012).Ten Ways Employers Can Control Healthcare Costs. The Wyman Group. Retrieved from http://www.peoriamagazines.com/ibi/2012/jun/ten-ways-employers-can-control-healthcare-costs Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Health Care Cost Essay Example | Topics and Well Written Essays - 250 words”, n.d.)
Health Care Cost Essay Example | Topics and Well Written Essays - 250 words. Retrieved from https://studentshare.org/human-resources/1631388-health-care-cost
(Health Care Cost Essay Example | Topics and Well Written Essays - 250 Words)
Health Care Cost Essay Example | Topics and Well Written Essays - 250 Words. https://studentshare.org/human-resources/1631388-health-care-cost.
“Health Care Cost Essay Example | Topics and Well Written Essays - 250 Words”, n.d. https://studentshare.org/human-resources/1631388-health-care-cost.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Health Care Cost

Health Care Cost and Quality

...Health Care Cost and Quality Introduction Achieving the best health is always a priority among individuals, and most would do almost everything to reach this goal. In the recent events of rising health care cost, individuals tend to survive despite this expense, continuously hoping to attain the highest health care quality possible. More expensive health care cost may imply that better quality follows, a common assumption regarding their relationship. In this paper, the relationship between health care...
7 Pages(1750 words)Essay

Causes and Effects on the High Cost of Health Care

...INTRODUCTION Medical expenses are rising faster than the costs of any other service. They are rising at rates that exceed not only those of inflationand dollar depreciation but even the Federal government itself. In fact, they are also consuming a large share of personal and national incomes. Some 40 years ago American medical spending was estimated at 5 percent of national income; today it is calculated at some 16.5 percent and rising continually.1 CAUSES OF RISING COSTS OF HEALTH CARE The main question that arises is thus, what has caused health care to become so expensive Perhaps the biggest issue is that of longer life expectancy...
3 Pages(750 words)Essay

Health care cost

...Health Care Costs Introduction: Health care costs around the world in general and the United s of America in particular have been escalating rapidly. This rapid escalation is causing alarm among the citizens of the nations and the administrative authorities, as is reflected in these words of the Comptroller General, David Walker, "If theres one thing that can bankrupt America, its health care" (Perrone, M., 2007). Controlling health care costs have become a priority in the interest of the nation, and in the welfare of the citizens of the country. Factors...
2 Pages(500 words)Essay

How health care cost and the aging baby boomer population will affect the economy

...How Health Care Cost and the Aging Baby Boomer Population Will Affect the Economy 0 Introduction World War II was detrimental, but its post war years were (1946-1964) progressive. The economic growth proliferated, and educational system was at its best during those years. Their cluster has savored more opportunities than any other cluster in the history of mankind. However, it was unearthed that this cluster is worried, disappointed, and more anxious about the prospective than any other groups. In fact, this cluster has recorded 62% anxiety for health retirement benefits and 71% for health care cost (Court, Farrell, &...
5 Pages(1250 words)Research Paper

Cost of Health Care

...Association . 2006). The criteria to be met so as to acquire medical funds from this organization is; being mentally disturbed and homeless, suffering from schizophrenia and yet no access to a health care facility and living with a mental condition in a poor environment (National Mental Health Association ,2006, p.3). The organization helps those who cannot access their funds by using the U.S Protection and Affordable Care Act to get funding directly from the government and help those who do not qualify for their assistance (National Mental Health Association . 2006). Conclusion Mentally disturbed patients have limited options of places where they can...
1 Pages(250 words)Assignment

Efforts at containing cost in health care

...Health Care Costs in the U.S of the of the Introduction According to the facts and figures, it is estimated that about one sixth of the U.S economy is devoted to the health care system with a significant rise every year, which means about $2.7 trillion is spent on this system while up to $800 billion a year is considered inefficient and wasted. Out-patient care includes most of the healthcare expenses. According to a survey, U.S citizens hesitate to get treated for a less fatal disease, and carry on taking OTC medications from the local pharmacies to subside the symptoms, this survey concludes that it is basically due to heavy expenses...
2 Pages(500 words)Essay

Cost Benefit Analysis and US Health Care

...Cost Benefit Analysis and US Health Care Article Review ‘Cost Benefit Analysis and US Health Care Article Review Introduction Rising health care expenses is an ever existing problem in the US healthcare industry as this issue significantly affects the quality of the care delivery and the percentage of the population covered. Despite a series of health care initiatives taken by the Federal government, growing health care expenses are still found to be a serious issue troubling US policymakers. In order to bring a...
5 Pages(1250 words)Research Paper

How to solve the Cost Crisis in Health Care

...HOW TO SOLVE THE COST CRISIS IN HEALTH CARE HOW TO SOLVE THE COST CRISIS IN HEALTH CARE Kaplan and Porter find it a very worrying situation that meaningful cost reduction cannot be done in the current health system. The two blame the situation on flaws in the current system, which makes it impossible to measure costs accurately at the individual and medical condition levels. Indeed cost has been noted to be an important variable in the determinants of a good healthcare system. This is because according to Ralph & Taylor (2005), how much it costs a person...
1 Pages(250 words)Essay

Module 4 BHS427 Health Care Finance Cost of Capital (CASE)

...assumptions make it less viable in reality. In project appraisal, the use of a single-period time zone contradicts the nature major real investments, which cut across periods. Moreover, it’s unrealistic to assume a constant beta for the periods as market conditions keep on fluctuating. Again, CAPM faces a problem in assigning values to the variables in the model. None of the variables is constant, with some such as yield on government debt (used to estimate risk free rate of return) changing on daily basis. Empirical Findings Dolde et al (2012) research was aimed at determining whether the two factors international CAPM (2F-ICAPM) gives a different cost of capital compared to the domestic CAPM mostly used by US...
2 Pages(500 words)Essay

Despite the costs of organising nutrition support teams in hospitals, there is an overall saving in health care cost

...of services, resources, and finally prolonged hospital stay. These problems would later result in increased cost, which would be a main source of pressure on the hospital’s funds. In addition, nutrition support team enables detection and management of malnutrition, which improves the savings for both patient and the hospital and better patient care. Early identification and management of severe malnutrition would boost the health outcome of the patient. For instance, there is fewer complications and mortality among surgical patients whose pre-operative nutritional build-up or post-operative nutrition delivery is adequate. The quality of life improves when patients receive parenteral...
5 Pages(1250 words)Essay
sponsored ads
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.

Let us find you another Essay on topic Health Care Cost for FREE!

Contact Us