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Assignment 2 Funding the Rising Cost of U.S. Health Care

A research assignment exploring funding challenges and financial strategies in U.S. healthcare.

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    Assignment 2 Funding the Rising Cost of U.S. Health Care In light of the Affordable Health Care Act and the myriad of citizens using the new health care insurance system, you, as a health care administrator for a hospital, are responsible for reporting to the CEO of your hospital regarding the cost to your hospital of using the new plan and the issues with patients who can afford regular health care coverage. Write a six to eight (6 - 8) page paper in which you: 1.Give your opinion of the rising cost of health care’s overall impact on the U.S. economy. Justify your response. 2.Compare and contrast at least two (2) areas of the economy that the new health care act impacts. Explain your rationale. 3.Debate the main pros and cons of using private insurance versus using the new affordable health insurance system. 4.Analyze the major impact this new health care system may have on different immigrant demographics, and predict the cost associated with changing the accommodations to facilities having to review organizational planning in order to actualize these changes. 5.Use at least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academi c resources. Your assignment must follow these formatting requirements: •Be typed, double spaced, using Times New Roman font (size 12), with one - inch margins on all sides; citations and references must follow APA or school - specific format. Check with your professor for any additional instructions. •Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover p age and the reference page are not included in the required assignment page length. The specific course learning outcomes associated with this assignment are: •Analyze the different ways of financing the health care system and the impact on individuals. •Use technology and informatio n resources to research issues in health services organization. •Write clearly and concisely about health services organization using proper writing mechanics. Even though some experts disagree the high cost of health care is not a serious problem, the high and rising costs are a major issue, because of the high cost of new technologies and the aging population. Furthermore, the most expensive health care system in the world is right here in the United States, with the per capita health expenditures far above those in any other countries. However, to help the sky rocketing costs of health care, insurance companies came out with plans like HMO’s to help manage care organizations that provide

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    comprehensive health care services for a predetermined annual fee per each person enrolled. The rising health care costs have become a huge concern for almost everyone, including the general public, federal and state governments, and employers who purchase health care for their employees. Hence, there are several reasons to explain the high and rising costs of health care. According to Bodenheimer (2005), he stated, “High health care costs might derive from factors outside the health sector rather than from characteristics of the health care system itself” (p. 849). One of these factors outside the health sector is the rising costs of health care for the aging population. According to the Pew Research Center (2010), as of January 1, 2011 approximately 10,000 Baby Boomers, who are the generation born between 1946 and 1964, will turn 65 every day for the next 19 years. Moreover, the high cost of technologic advances, in combination with poor cost - containment measures, is another factor in the high rise of health care costs. Because the use of new technologies is fairly unrestrained in the United States, the nation incurs higher health care costs (Bodenheimer, 2005, p. 932). HMOs can have a significant effect on the rising cost of health care. The website HMO Health Insurance website (2013) states, "HMO health insurance, or Health Maintenance Organization, is a network of doctors, hospitals, health care providers, and pharmacies that offer medical treatment at a reduced cost to members" (para. 2). More

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