¶ … health care to the elderly. In the next several years, many commentators argue that population aging will considerably affect the federal budget. When one turns sixty-five, his or her cost of care doesn't abruptly increase. However, the cost of healthcare to the federal government will go up since at that age Medicare usually becomes the main or primary insurer. According to studies by the CBO (Congressional Budget Office), over the next two decades, population aging will account for over fifty percent spending growth on various government healthcare programs (What Is Driving U.S. Health Care Spending? America's Unsustainable Health Care Cost Growth). As the baby boomers age, the population will lead to a higher percentage of seniors, which will in turn lead to an overall increase in per capita spending. Studies indicate that over the next decade or so, the aging American population will contribute to the increase in healthcare spending by at least 0.5% per annum. As of 2014, over half of the costs of long-term care (institutional) for the elderly were covered by Medicaid funds. These studies and statistics show the current situation in the country. It is obvious that more and more public funds are going to caring for the healthcare...
This situation somewhat creates an incentive for doctors to over-utilize the program. Also, the PPS (Prospective Payment System) designed to control expenses by paying healthcare facilities a prospective fee per DRG (diagnostic-related group) episode, is also prone to waste. While PPS promotes efficient care, and has led to considerable reductions in time spent at health care facilities by patients compared to cost-based payments, the system unfortunately encourages a reduction in basic care, resulting in increased readmissions and negative short-term health outcomes (REDUCING COSTS AND IMPROVING THE QUALITY OF HEALTH CARE). A better way to reduce costs would be through introducing bundled reimbursements or payments. A bundled payment is a fixed amount payment for comprehensive healthcare facility services and/or post-acute services, plus any services rendered in case of readmissions. Changing the system of payments from individual payments for various services to a bundled payment for sets of services across healthcare providers and different care settings will promote integration and increase coordination of care between health care facilities, leading to increased quality of care and a decrease in readmissions. Over 467 health care facilities across forty-six states are already trying out the bundled payment initiative and the results are encouraging to say the least. This payments system could reduce the growth in healthcare spending for the elderly.
Health Systems Management and Electronic Health Records Healthcare is an essential factor or tool in relation to the American society. The society of America has no national socialized healthcare system. In this research paper, the focus will be on the Medicare healthcare system in the context of the United States. The paper will focus on illustration of the concepts of the Medicare healthcare system, various management challenges, problems, and opportunities in
Healthcare Health Care Law Ethics Health care over the years has become one of the most important debates to take place within the United States of America. This fact holds particularly true for the major part of the Obama Administrations whose New Health Care policies has been criticized extremely (Zhi Qu, 2010). The world, however, is still waiting for the final curtain to rise and to witness the climax which would be
Healthcare Economics Overall Healthcare And Economics Healthcare economics: Current challenges from a nursing perspective Although the subject of healthcare economics has been hotly-debated, on one issue there is widespread agreement: the aging of the population will substantively increase the demand for healthcare in the near and far future. As the population worldwide is aging and living longer, the need for essential services over a longer lifespan will generate more costs for an already-beleaguered
Health Care As human beings, our health and longevity have never been better. Many people today live to 100 years and beyond, and often in good and active health. One of the major reasons for this is better health care and more access to health care for more people. On the other hand, however, many people do not have access to the same health care services as others. Often, the main
Health Law and Regulations In America, the health care industry is highly regulated. This is because there are certain aspects of the law which are designed to improve quality and offer everyone with a variety of treatment options. To fully understand this relationship requires carefully examining a specific government agency, the laws impacting the industry, the effects on a health care provider and how this is affecting communities. Together, these elements
Health Information Exchange BOON OR BANE? Health Information Exchange in the U.S. The Guidelines Benefits Privacy and Security Challenges and Strategies Why Clinicians Use or Don't Use HIE Doctors' Opinion on HIE Consumer Preferences around HIE Health Information Exchange or HIE is a system, which allows the immediate electronic access of a person's health information records by a health provider (Fricton and Davies, 2008). The overall objective is to improve the safety and quality of health, especially for emergency care.
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