StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Influences on Providers - Assignment Example

Comments (0) Cite this document
Summary
Several factors have influenced the costs including an increase in the number of unemployed citizens and harsh economic conditions. The ageing population and social-demographics have forced the healthcare providers…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.2% of users find it useful
Influences on Providers
Read TextPreview

Extract of sample "Influences on Providers"

Influence on providers The healthcare costs in the US have been increasing over time. Several factors have influenced thecosts including an increase in the number of unemployed citizens and harsh economic conditions. The ageing population and social-demographics have forced the healthcare providers to incur heavy healthcare costs.
Influence on providers
Introduction
Healthcare spending has been increasing over the past 40 years (Sultz & Young, 2011). Health care spending is projected to hit $ 2.9 trillion in 2012 which is about 17.2 percent of the US gross domestic product. According to Centers for Medicare and Medicaid services analysis, healthcare spending will reach $ 4.5 trillion by the year 2019. Healthcare expenditure is covered by several sources of funding including out-of-pocket payments where individuals pay for services through deductibles and copayments (Musgrave, 2006). Another source is the private health insurance coverage like the point-of-service plans (PPOs) and health maintenance organizations plans (HMOs). The US government expenditure on healthcare is incurred through government health plans like Medicare, Medicaid, Military Health system and Children’s health insurance program (CHIP) (Kronenfeld, 2002).
Unemployed individuals
Unemployment rate in the US has increased over the recent past. Unemployed individuals increase the financial costs of the health care providers since they may not be able to pay the deductibles and copayments. The high unemployment rate will increase the federal spending on Medicaid health care program (Sultz & Young, 2011). Increase in employment will lead to more employer financed healthcare insurance thus reducing the costs of government sponsored programs. Employees are more willing to purchase healthcare insurance once they are offered benefits like income tax allowances by the employee (Sultz & Young, 2011).
Under and uninsured
About 46.3 million citizens representing 15.4 percent of total population have no insurance coverage. The number of uninsured citizens has been increasing due to lack of employment and ineligibility in government sponsored health care schemes (Sultz & Young, 2011). When the uninsured are unable to pay for the full medical costs, such costs are added to the provider’s costs. The increase in healthcare insurance will lead to early detection of the medical conditions thus a reduction in the overall medical costs incurred by the healthcare providers will be possible (Musgrave, 2006).
Local economy
The US economic downturn has increased the overall unemployment rate in the economy. The recent economic meltdown and financial crisis have led to increase in the enrollment rate of the Medicaid. Medicaid mainly covers low income citizens like pregnant women, children and infants (Sultz & Young, 2011). Between June 2008 and July 2009, over 3 million people were enrolled in Medicaid resulting to 6.6 percent increase in spending on the healthcare by Medicaid. High income levels and employment will lead to more private health insurance thus reducing overall medical costs. A surplus in the government budget will lead to more enrolment in Medicare program (Niles, 2011).
Social demographic
There are major differences of the level of healthcare insurance along the racial and social groups. Blacks account for 15.7 percent of the uninsured and about 12.6 percent of the total population. Hispanic account for 15.8 percent of US population and about 31.4 percent of the uninsured citizens. Since most of Blacks and Hispanics are unemployed or are local income earners, this causes an adverse effect on the financial viability of healthcare providers (Sultz & Young, 2011). Medicare will have to incur more costs in providing healthcare coverage to the Backs and Hispanics (Niles, 2011). Most of the uninsured citizens are between the ages of 18 years and 65 years hence they are not eligible for enrolment in to Medicare or Children’s Health Insurance program. This will force the government to enroll this category of uninsured citizens to Medicare program since most of them are unemployed (Musgrave, 2006).
About 25 percent of the families live below the poverty level thus healthcare providers will incur further expenses. Eighty percent of the workers in industries have are not provided healthcare insurance by their employers. The uninsured incur lead to increase in medical costs since they utilize hospital emergency departments and delay the medical conditions until it becomes more risky (Kronenfeld, 2002). The under and insured will adversely affect financial viability of health care providers since they lack primary care physicians (Niles, 2011).
Health status of the economy
The current health status of the US population has increased healthcare costs. The increase in the ageing population has led to increase in federal spending on Medicare health care program that covers citizens aged more than 65 years. Currently, most of the US citizens are at risk of diet-related diseases like high blood pressure and cancer thus healthcare providers will have to incur more costs on the treatment (Kronenfeld, 2002). However, most of the healthcare plans and employee sponsored health insurance programs are currently implementing preventive health care like immunizations and wellness programs thus the medical costs on healthcare are expected to decline in the future. The high environmental pollution will lead to high medical costs in the future.
Conclusion
The healthcare costs in the US have increased over the past few years. Economic downturn and high unemployment have an increase in the uninsured citizens thus increasing the healthcare provider’s costs. The ageing population and social-demographic characteristics of the population have adversely affected the financial viability of healthcare providers.
References:
Kronenfeld, J. (2002). Health care policy: issues and trends. Westport, CT. Praeger.
Musgrave, F. (2006). The economies of US health care policy: the role of market forces. New York. Sharpe.
Niles, N. (2011). Basics of the US health care system. Sudbury. Jones and Bartlett
Sultz, H & Young, Kristina. (2011). Health care USA: understanding its organization and delivery. Sudbury. Jones and Bartlett. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Influences on Providers Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Influences on Providers Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/management/1594654-influences-on-providers
(Influences on Providers Assignment Example | Topics and Well Written Essays - 500 Words)
Influences on Providers Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/management/1594654-influences-on-providers.
“Influences on Providers Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/management/1594654-influences-on-providers.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Influences on Providers

Health care providers

...? Questions and Answers Affiliation: Why is change so difficult for healthcare professionals? The basic principle that governs the objectives of health care providers is the duty and responsibility to promote people’s health. The idea is not only getting people to stay healthy, but also to maintain their good health over time (Dewar, 2009). In the light of achieving this objective, health care professionals have had difficulties embracing change. This has been rooted in the line of services offered and the nature of their profession. To start with, the demand for health care is derived rather than direct. In this regard, heath care professionals have always differed in determining what combination yields maximum benefit...
4 Pages(1000 words)Assignment

Internet Service Providers

...? Internet Service Providers Number Assignment Reference: BIS2/Jan11 Number of Words: 2,000 Q.1 Outline and discuss the various arguments for and against ISPs being allowed to offer differing levels of service based on what business customers are prepared to pay for. There are economic benefits associated with allowing ISPs to offer different levels of service based on what the business customers are prepared to pay for. By not treating the Internet traffic equally, ISPs can benefit from being able to charge premium rate on customers who are willing to pay more for better quality Internet services (BBC News, 2010). In the long-run, making it legal to allow ISPs to charge premium rate for “priority services” will open new business... ...
8 Pages(2000 words)Dissertation

Medical Liability of Healthcare Providers

...in an objective way. According to Baker (2005), lack of effective communication between healthcare providers and patients is the most important factor that influences people’s decisions to seek legal redress, rather than actual medical negligence. Litigating medical negligence often emanate from an unpredictable fatal consequences and at times coupled with lack of healthcare provider’s empathy and an actual or sometimes perceive non disclosure of essential information. In the medical liability system, unearthing the causes of errors made in the medical procedure necessitates analysis and full disclosure thus causes the tension. Medical liability does not open avenues of communication...
5 Pages(1250 words)Essay

Different internet service providers (ISPs)

...?Different ISPs Report Executive Summary Internet service providers, also known as ISPs provide different types of internet services to their subscribers using different technologies and platforms, as well as with speeds. It is these that necessitate an evaluation of different types of ISPs to look at how they work and how their internet protocols and technologies run into the needs of subscribers, as well as how the said providers benefit by running compensation programs. This is as explained in dial up service providers, whose prices are cheap and the speeds are low, but then to counter the misuse of their networks based on low cost, the run compensation systems called...
6 Pages(1500 words)Essay

Media influences

...Media Influences The term 'media' is defined by the Oxford Dictionary as 'mass communications, especially newspapers and broadcasting, regarded collectively.' More specifically, the media is made up f the mass circulation press, the cinema, radio, television and recently, the Internet. The media constantly exposes us, as the audience, to an enormous quantity f ideas about elements f everyday life. Among other things, we are exposed to ideas about politics, culture, and economics, both voluntarily and involuntarily, and we are challenged to make sense f what exactly they mean to us as individuals, and members f society. It is through previously established theoretical traditions and research methodologies developed in...
8 Pages(2000 words)Essay

Celebrity Influences

...Celebrities greatly influence lives and employing them to advertise products is a well-known marketing strategy. Celebrities garner a voluminous audience by making advertisements conspicuous, appealing to their fan base and generating PR coverage. However, the inconsistent celebrity popularity and reputation, incompatible celebrity images and overriding popularity of stars over the product being promoted render them as ineffective marketing strategies. Celebrity endorsements benefit new brands by quickly establishing their credibility in the market. By incorporating skills such as singing, advertisements are made attractive, impacting the minds of consumers; forcing them to choose that product over its competitors....
1 Pages(250 words)Case Study

Influences

...Influences First Middle initial and of Prof. First and of lecturer December 9, 1a. Children learn about their environment through their senses during the early years of their life. Their development requires them to move around, experience and perform activities. Television viewing can therefore have several effects on the development of a child (Pedley, 2011): 1. Television viewing discourages speech in children since it does not involve a two-way communication. 2. It requires the child to focus on a single area and therefore can impair normal eye movements. 3. The rapid changes in content and commercial tricks can put tremendous strain on the brain and eye of young children. It also affects their attention span. 4....
2 Pages(500 words)Assignment

Attacks on Abortion Providers

...Running head: ATTACKS ON ABORTION PROVIDERS Attacks on Abortion Service Providers s Attacks on Abortion Service Providers It is a preconceived notion that violence of any kind is an effective way of achieving an objective. The recent bombings on the abortion service provider clinics, and the statistics presented by National Abortion Federation for the last 30 years prove this point. Be it violence against illegal actions like conducting abortions, or other social concerns such as slavery, it is indeed considered as the only way out. It is also perceived that abolitionists and anti-abortion extremists use violence for strategic and symbolic reasons. In their view, violence...
5 Pages(1250 words)Essay

Informal Care Providers

...Informal care giver Informal care for individuals having mental illness is complex. It has exhibited several challenges both family members and the care providers. Most of the informal caregivers are family members with women constituting the highest number of informal care persons. The challenges existing in care for mentally ill persons is diverse and creates stigmatization especially on the patients. However, the number of caregivers not related to the patient is lower that the number of informal care takers related to the family. The family can be supported by offering basic support such as medical support, which includes basic medical items and psychological support ( Health Knowledge). The personal care of...
1 Pages(250 words)Essay

Marketing influences

...and the quality was good. However, I discovered that it was restricted to only one mobile phone service provider that was doing the promotion. That marks one of the limitations of items bought while they are on promotion. Place influences The place in which a commodity is located will influence its marketing abilities. In places that are remote and not easily accessible, commodities will be sold at a high price due to the high cost incurred in transporting them to such places. Places that are near the manufacturing points will tend to be experience low prices of those products due to ready availability and stiff competition. I have been influenced by a place to buy a...
2 Pages(500 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 Assignment on topic Influences on Providers for FREE!

Contact Us