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Essay / Research Paper Abstract
A 9 page paper discussing the economic effects of policy makers’ decisions, both on healthcare and on the larger economy. The presence of the third-party payer masks the effect of elasticity of demand for health care, as it does its microeconomic effects. It does not mask the results, however. As politicians continue to haggle over the future of Medicare and it continues to set the standard for private health insurers, increasing numbers of households can expect to have decreased access to health care. Bibliography lists 7 sources.
Page Count:
9 pages (~225 words per page)
File: CC6_KShlthCareEcon.rtf
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Unformatted sample text from the term paper:
was born of noble ideas and certainly retains a place in the health care of the nations elderly, disabled and indigent. It has come to control all of U.S.
health care, however, a result that the government did not intend when establishing Medicare in the 1960s. At present, Medicare virtually rules all
of American health care by virtue of its influence on private insurers. It directly influences the degree to which health care costs rise in that it establishes what it
will and will not pay for goods and services. Medicare Managed Cares fee schedule provides guidelines for private insurers, and they set their acceptable fees at similar levels.
There is intense and ongoing debate about the future of Medicare, the need for reform and the shape that such reform should take.
Policy makers need to be considering the economic implications of their decisions. Cost and Price Structures The Dilemma This is an unintended result
of Medicare, and one that is difficult to resolve. Our nations seniors are responsible for most health care expenditures, merely because of their age and the increased need for
direct care with advancing age. Care providers cannot set lower fees for uninsured individuals and then penalize the insured and their insurers by operating under two distinct fee schedules.
Medicare requires that care providers fees be "normal and customary," and those care providers who have attempted to set lower fees for those without any safety net have been
accused of bilking the system and taking advantage of taxpayers. The result is that Medicare essentially sets fee parameters throughout the country.
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