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

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Assignment 2 Funding the Rising Cost of U.S. Health CareIn light of the Affordable Health Care Act and the myriad of citizens using the new health care insurance system, you, as ahealth care administrator for a hospital, are responsible forreporting to the CEO of your hospital regarding the cost to yourhospital 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.Compareand contrast at least two (2) areas of the economy that the new health care act impacts. Explain your rationale. 3.Debate themain pros and cons of using private insurance versus using the new affordable health insurance system. 4.Analyze the majorimpact this new health care system may have on different immigrant demographics, and predict the cost associated withchanging the accommodations to facilities having to review organizational planning in order to actualize these changes. 5.Useat least four (4) quality academic resources in this assignment. Note: Wikipedia and other Websites do not qualify as academicresources. 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 referencesmust follow APA or school-specific format. Check with your professor for any additional instructions. •Include a cover pagecontaining the title of the assignment, the student’s name, the professor’s name, the course title, and the date. The cover pageand the reference page are not included in the required assignment page length. The specific course learning outcomesassociated with this assignment are:•Analyze the different ways of financing the health care system and the impact on individuals. •Use technology and informationresources to research issues in health services organization. •Write clearly and concisely about health services organizationusing proper writing mechanics.Even though some experts disagree the high cost of health care is nota serious problem, the high and rising costs are a major issue, becauseof the high cost of new technologies and the aging population.Furthermore, the most expensive health care system in the world isright here in the United States, with the per capita health expendituresfar above those in any other countries. However, to help the skyrocketing costs of health care, insurance companies came out withplans like HMO’s to help manage careorganizations that provide

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comprehensive health care services for a predetermined annual fee pereach person enrolled.The rising health care costs have become a huge concern for almosteveryone, 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 healthcare. According to Bodenheimer (2005), he stated, “High health carecosts might derive from factors outside the health sector rather thanfrom characteristics of the health care system itself” (p. 849). One ofthese factors outside the health sector is the rising costs of health carefor 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 65everydayforthenext19years.Moreover,thehighcostoftechnologic advances, in combination with poor cost-containmentmeasures, is another factor in the high rise of health care costs.Because the use of new technologies is fairly unrestrained in theUnitedStates,thenationincurshigherhealthcarecosts(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, "HMOhealth insurance, or Health Maintenance Organization, is a network ofdoctors, hospitals, health care providers, and pharmacies that offermedical treatment at a reduced cost to members" (para. 2). More

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