Employee insurance costs may at the outset look as an unimportant and dispensable expenditure, but in reality it is far from true. Research has shown that health insurance can increase overall productivity by reducing the costs associated with "Employee Absenteeism," reducing the costs of turnover, and thereby contributing to optimising the output. (Ellen O'Brien). Most people lacking insurance are from the lower economic layer of the society and more than two thirds of this group are full time workers. The lack of insurance coverage implies that these poor people are putting off their medical attention until an emergency situation arises. In majority of the cases such medical emergencies could have been averted with timely medical intervention. "Many people simply put off medical care until they end up in the ER - much sicker and requiring more care than they would have had they been visiting a doctor on a regular basis." [Dr.Barry Simon] the result is a very high cost of absence from work that affects national productivity to the tune of $409 billion. [State of California] Also, providing insurance coverage to employees promotes a sense of security and a feeling of belonging to an organization that not just pays for services rendered, but also cares about the individual...
Fahrenthold, "Mass. Bill Requires Health Coverage: State Set to Use Auto Insurance as a Model," Accessed May 28th 2007, available at http://www.washingtonpost.com/wp-dyn/content/article/2006/04/04/AR2006040401937.html
("Protecting the Privacy of Patients' Health Information," n. d.) the variations HIPAA necessitates would be sufficient and the changes would be accompanied by remarkable uneasiness in several respects. Functioning in the type of high-security setting visualized by the proposed HIPAA security regulations would imply functioning under regular surveillance and with concentration to making medical record information as being secure. Whether in relation to paper or electronic form, information relating
Misconceptions and Confusion in Healthcare Coverage Among Elderly Populations A small podiatry practice in Northeastern Missouri becomes the scene of a tragedy which takes place in plain sight, as there is not a day that goes by where at least one or more patients will be charged for their office visit despite mistakenly believing they would be covered. Unanticipated medical costs can be devastating even for adults in their prime of
This could be due to the fact that the middle aged population is facing more stress, pressure and inadequate nutrition, all causes of obesity (Webb and Whitney, 2008) In each age group, women have a decreased access to medical insurance as compared to their male counterparts. This could be explained by the fact that women are less present within the workplaces, but also by the fact that they continue to
Health Insurance Consumer Knowledge Do most people know everything about their health insurance plans? The two plans investigated for this assignment are Blue Cross Blue Shield and Humana, two of the most widely used and recognized health insurance companies in the United States. Do you think that in general most people know everything about their health insurance plans? The healthcare reform act of 2009 sought to make the healthcare system in the United States
healthcare problems facing this nation is that of migrant workers, primarily those from Mexico, who work both legally and illegally on this side of the border. While other immigrant populations are also underinsured and under-treated --most notably Asians -- the Hispanic problem is by the far the most significant because of the shear numbers and the structural poverty which create stagnant population pools too large to ignore. By allowing this
Discount Scheme for Health Insurance No Claim Discount (NCD) Schemes are Frequency-rating systems and are commonly used in insurance. NCD schemes represent an attempt to categorize policyholders into relatively homogeneous risk groups who pay premiums relative to their claims experience. Those who have made few claims in recent years are rewarded with discounts on their initial premium, and hence are enticed to stay with the company (Boland, 2006). Depending on
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