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Improving Healthcare Budget and Health Care System

Improving Healthcare Budget and Health Care System

Sample Answer 

Improving Healthcare Budget and Health Care System

Part A: Improving the Health Care Budget

Explain why health care cost is so high in the United States. Explain why some health care systems are underfunding? (Not enough taxes, waste, and abuse, fraud, the overcharging in the system, technology, research, overhead money, CEO/President paychecks, etc.)

Today, there is no question that healthcare in the U.S. is more expensive than in any other part of the world. In fact, a simple visit to a physician for just a medical checkup can cost hundreds to thousands of dollars. In fact, even though most Americans’ net salaries have risen in the past few decades, the increasing healthcare insurance charges have meant that the net pay has remained the same or just climbed slightly. One cannot stop wondering how the federal government is spending nearly 18 percent of its GDP on the healthcare sector, yet medical care is still expensive. One major reason is that America’s multi-payer system creates excess wastage. America’s care system is very complicated, with unique out-of-pocket costs, separate enrollment dates, and independent rules for private and employer-based insurance offered by Medicare, Medicaid, and Healthcare.gov. In total, these complex systems have increased the administrative costs of healthcare. Besides, healthcare costs are rising because of increasing drug costs, the high salaries paid to healthcare workers (physicians and nurses), and healthcare facilities being profit-centered.

Continuing with Question #1, provide examples with solid evidence, such as newspapers/research. 

Several studies and reports have shown that the soaring administrative costs spent by providers might be directly linked to medical care prices in the United States. For example, the Journal of the American Medical Association in 2018 reported that the United States spent about 17.8 percent of its GDP on medical care alone in 2016, which was way below the spending in other developed nations, which ranged between 12.4 percent in Switzerland and 9.6 percent in Australia. The report also indicated that the U.S. had the highest number of private medical insurance (approximately 55.3 percent). This high number of for-profit, private care providers was one reason for the country’s high cost of care. The research also indicated that America spends nearly 8 percent of its healthcare budget on administrative matters, in comparison to just between 1 and 3 percent in other nations. This wastage was also contributing to the high cost of care.

Describe what ways the United States could improve its health care budget, such as not use high technology, only serve those who have health insurance, etc.

Improving the country’s budget – a process likely to subdue the general cost of care – requires that Congress create policies likely to address the budgetary allocations of the healthcare kitty. In truth, this might even require introducing a single-payer system rather than the present multi-payer system. The general outcome is that the country will lower administrative costs arising from the complex multi-payer system.

Explain why your suggestion may or may not work in the immediate future (within 10 years) but your idea can work in a future 25 years from now. 

In truth, changing the country’s health care system from a multi-payer to a single-payer is a very ambitious plan that might not work immediately (within ten years from now). However, this might span out well in the next 25 years. The main reason is that the U.S. is a huge economy, and social functions like healthcare are funded at both state and federal levels. Several institutions, policies, and regulations are also involved in healthcare delivery. Therefore, creating a single-payer system that gels and blends all these agencies, departments, and institutions might take time to materialize.

Part B: Improving Healthcare System

In your own words, what do you think is the best type of health care system that will save both the government and people money as well as providing optimal health? Is it social, market, a combination, or something else?

Undeniably, I think the best kind of care combines social-based and market-based care, rather than separate arrangements. Using the combo brings on board the advantages of each of the individual systems and also allows one system to complement the setbacks of the other. By definition, social-based care, or socialized care, is an arrangement where the administration not only owns but also operates all care facilities. The government primarily hires and pays workers. An excellent example is America’s Veterans Health Administration, where the administration solely owns the facilities and hires physicians. This kind of healthcare system is critical because it ensures that private providers do not exploit and overcharge patients and citizens. It is also the best way to ensure that quality care is provided. Allowing private care alone might mean that quality is compromised because private businesses usually tend to prioritize profits, meaning that they can compromise healthcare quality by hiring fewer staff members or feel less inclined to implement expensive technology that might cost them an extra dollar. The disadvantage of this system is that patients might be denied the right to choose their preferred provider, and private businesses/providers will also be denied the right to deliver services or operate independently in a free economy. People who can afford expensive private care will be on the receiving end, and their rights must also be respected.

However, a market-based healthcare approach focuses on controlling and regulating healthcare goods/services. It can either be free or controlled by the government. A free-market-based care approach is a scenario where healthcare services, goods, facilities, and operations are set free by the government – leaving it at the discretion of providers to set the prices for their patients. This market-based arrangement means that the government does not intervene but permits the forces of demand and supply to control the market. In a controlled market, the government interferes with demand, supply, and prices via unconventional methods like creating entry barriers and directly influencing prices. The Medicare program is an example of a single-payer system because it is publicly funded. Personally, I feel that the healthcare market should be owned and operated by the government.

How will your new health care system plan work?

The new system will be social-based (meaning that the government owns/operates all healthcare facilities, services, and goods) and also market-based, especially a controlled market (implying that the government exercises control of the market forces, including prices, demand, and supply). The new system will generally operate like a single-payer structure, such as the Medicare program. Broadly, this indicates that all citizens are required to get insurance from the government rather than private insurers.

What 2 changes will you see in the short-term (0-5 years)?

Within the next 1-5 years, the single-payer system (the combo of the social and market healthcare models) will streamline administration because one unit will be tasked with handling the financing. Secondly, there will be equity in healthcare because all Americans will start receiving the same benefits.

What 2 changes will you see in the medium-term (5-10 years)?

The two medium-term benefits (which will be realized within the next 5-10 years) are improved affordability and care access. The absence of expensive and out-of-reach private care means that every American will be able to access and afford all types of healthcare, including specialized care.

What 2 changes will you see in the long-term (after 10 years)?

In the long term (after 10 years), the government will likely eliminate the administrative outlays and costs associated with the current multi-payer system. The administration is also likely going to apply wide-range containment plans.

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Question 


Improving Healthcare Budget and Health Care System

IMPROVING THE HEALTH CARE BUDGET: You must number your answers. Do NOT send an attachment. You must cut and paste your answers. Remember to use your own words. I do NOT want you to copy and paste from a source or else it will be considered plagiarism. Remember to use proper grammar and punctuations, and to spell check. I will take off points for more than 2 typos. Another note, remember to capitalize your “I” when referring to yourself. Write a total of 500-750 words or more.

  1. Explain why health care cost is so high in the United States. Explain why some health care systems are under funding? (Not enough taxes, waste and abuse, fraud, the overcharging in the system, technology, research, overhead money, CEO/President pay checks, etc.)
  2. Continuing with Question #1, provide examples with solid evidence, such as newspapers/research.
  3. Describe what ways the United State could improve their health care budget, such as not use high technology, only serve those who have health insurance, etc.
  4. Explain why your suggestion may or may not work in the immediate future (within 10 years) but your idea can work in a future 25 years from now

    Improving Healthcare Budget and Health Care System

    Improving Healthcare Budget and Health Care System

IDEAL HEALTHCARE SYSTEM: You must number your answers. Do NOT send an attachment. You must cut and paste your answers. Remember to use your own words. I do NOT want you to copy and paste from a source or else it will be considered plagiarism. Remember to use proper grammar and punctuations, and to spell check. I will take off points for more than 2 typos. Another note, remember to capitalize your “I” when referring to yourself. Write a total of 500-750 words or more.

  1. In your own words, what do you think is the best type of health care system that will save both the government and people money as well as providing optimal health? Is it social, market, a combination, or something else?
  2. Remember to include and describe education, finance, types of facilities and care available.
  3. How will your new health care system plan work?
  4. Describe 2 changes will you see in the SHORT term (0-5 years)?
  5. Describe 2 changes will you see in the MEDIUM term (5-10 years)?
  6. Describe 2 changes will you see in the LONG term (after 10 years)?

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