Verified Document

Financial Management Criticisms Of Medical Essay

But we do. It takes many different forms. It is commonplace for health insurance companies and HMOs to deny patients beneficial treatment. They find a variety of excuses for doing so, and may not openly admit it, but we all know that it happens. Medicare rations drugs by requiring co-payments that many patients can't afford. Emergency rooms ration care by making people wait so long in line that some just give up and go away" (Singer 2011). Question 3

The recent decimation of many retirement funds means that more and more members of the elderly are eligible for both Medicare and Medicaid. The elderly on fixed incomes often struggle to afford medications not currently covered within the provisions of Medicare because of the "doughnut hole" in prescription drug coverage in the Medicare Prescription Drug, Improvement and Modernization Act of 2003. The most logical solution is one which is currently experiencing tremendous political resistance, however, namely to add new individuals to the insurance who are not chronically ill or elderly. One of the advantages of national healthcare, or at very least a healthcare system where everyone is required to have some type of insurance is that the 'risk pool' is much larger. "Adding young healthy Americans to the insurance rolls means a: society doesn't pick up the exorbitant tab when they get injured and end up at the emergency room and b: Because the under 26 crowd tends not to get sick, adding them to the insurance pools helps bring the very balance that was intended by the new law. The more healthy people available to pay for those in the pool who are ill (translation -- the older people), the better the system works and the lower our premium charges should go. The individual mandate [in the 2011 healthcare legislation] that requires everyone to get insurance would obviously have the same effect, on an even larger scale" (Leonard 2011).

Additional Discussion Question

The...

Nurses adopt a more holistic social approach that places patient's social and emotional needs in the context of the patient's physical state of wellness which can inform doctor's more technical perspective. The shorter educational demands in terms of years for nurses and the different types of nurses also allows for more people within the field to provide care, which is particularly relevant given the shortage of healthcare professionals.
Perhaps the most obvious inequity is not in regards to education but in regards to access to care. Patients in rural areas frequently lack access to medical professionals of any kind. Additionally, there is a critical shortage of nurses and general practitioners nationwide, because of the higher fees that can be commanded by specialists. However, this would suggest that offering financial incentives (such as government scholarships and loan forgiveness) to general practitioners and doctors who practice in rural areas (after they have practiced for a certain length of time) to address this inequity might be superior to 'blending' the educations of doctors, nurses, and other health providers.

References

Kane, Robert, Rosalie Kane, Neva Kaye, Robert Mollica, Trish Riley, Paul Saucier, Kimberly

Irvin Snow & Louise Starr. (1996). Managed care.

Retrieved August 12, 2011 at http://aspe.hhs.gov/Progsys/Forum/basics.htm

Leonard. Sean. (2011). How to fix Medicare. Salon. Retrieved August 12, 2011 at http://www.salon.com/technology/how_the_world_works/2011/05/25/the_long_march_to_healthcare_reform/index.html

Singer, Peter. (2011). Issue clash: Health care reform. PBS. Retrieved August 12, 2011 at http://www.pbs.org/now/shows/health-care-reform/issue-clash.html

Sources used in this document:
References

Kane, Robert, Rosalie Kane, Neva Kaye, Robert Mollica, Trish Riley, Paul Saucier, Kimberly

Irvin Snow & Louise Starr. (1996). Managed care.

Retrieved August 12, 2011 at http://aspe.hhs.gov/Progsys/Forum/basics.htm

Leonard. Sean. (2011). How to fix Medicare. Salon. Retrieved August 12, 2011 at http://www.salon.com/technology/how_the_world_works/2011/05/25/the_long_march_to_healthcare_reform/index.html
Singer, Peter. (2011). Issue clash: Health care reform. PBS. Retrieved August 12, 2011 at http://www.pbs.org/now/shows/health-care-reform/issue-clash.html
Cite this Document:
Copy Bibliography Citation

Related Documents

Financial Management Content Find Articles Address Financial
Words: 1275 Length: 4 Document Type: Essay

Financial Management Content Find articles address financial reporting practices ethics standards health care finance, including * generally accepted accounting principles * corporate compliance, ethics, and fraud abuse Financial management: Literature review Healthcare institutions, like all organizations, are continually confronted with the four basic elements of financial management: deciding what to invest in or produce; how to finance those investments or products; how to manage assets, and how to report those assets in a

Financial Planning Charting the Course:
Words: 15430 Length: 56 Document Type: Term Paper

Goal setting works well for simple jobs -- clerks, typists, loggers, and technicians -- but not for complete jobs. Goal setting with jobs in which goals are not easily measured (e.g., teaching, nursing, engineering, accounting) has posed some problems. Goal setting encourages game playing. Setting low goals to look good later is one game played by subordinates who do not want to be caught short. Managers play the game of setting

Market Driven Management
Words: 25695 Length: 75 Document Type: Term Paper

Pharmaceutical industries have to operate in an environment that is highly competitive and subject to a wide variety of internal and external constraints. In recent times, there has been an increasing trend to reduce the cost of operation while competing with other companies that manufacture products that treat similar afflictions and ailments. The complexities in drug research and development and regulations have created an industry that is subject to intense

Managing Organizational Culture
Words: 9860 Length: 34 Document Type: Dissertation

Human Resources Managing Organisational Culture The values and behaviors that contribute to the unique social and psychological environment of an organization make up the organizations culture. Organizational culture is the summation total of an organization's past and current suppositions, incidents, viewpoint, and values that hold it together, and is articulated in its self-image, inner workings, connections with the outside world, and future prospects. In dealing with the management of organisational culture, it is

Curriculum for Medical Training Intervention
Words: 897 Length: 3 Document Type:

Medical trauma triage management requires skillful curriculum development, which in turn depends on an assessment of needs and an anticipation of potential barriers to implementation. The initial needs assessment has revealed required resources of about four or five medical services providers such as physician assistants and nurse practitioners. Support personnel may be provided, but an additional challenge will arise when implementing the curriculum in a real world setting such as

Health Care Facility Managing a
Words: 2223 Length: 7 Document Type: Essay

What emerges from these efforts are two essential understandings. First, in spite of whatever evidence may exist to the contrary, system building will continue apace in the hospital industry. Whether the battlefield is risky is immaterial, for the battle is joined. Some individual hospitals may decide to remain solo or stay in modest-sized systems where problems are more manageable, at least until some future time when some of the cloud

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now