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Essay / Research Paper Abstract
A 7 page paper which examines HMOs and their impact on the US medical economy by considering the nature of HMOs, how they pay doctors, problems created by moral hazard and adverse selection, issues related to their effects, treatment and overall changes. Bibliography lists 7 sources.
Page Count:
7 pages (~225 words per page)
File: TG15_TGhmos.rtf
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Unformatted sample text from the term paper:
of complex health plans which have forever changed the medical establishment, and the concept of health care ("InterGenerations: Elder Resources: HMOs" hmo_what.html). First introduced in the 1920s as an
alternative to escalating costs of health care, HMOs began with the best of intentions ("InterGenerations: Elder Resources: HMOs" hmo_what.html). They were created as a member-based organization which would navigate
through the bureaucratic red tape and mountains of paperwork to provide members with an attractive package of affordable and accessible health-care services ("InterGenerations: Elder Resources: HMOs" hmo_what.html). Unfortunately, the
reality is that people are paying more for health care than ever before and receiving fewer benefits or services. HMOs have also had a similarly negative effect on the
US medical economy, as physicians are paid differently now than they have been in the past. This has caused not only a significant shift in the economic structure of
the medical community but has also adversely impacted the patient perception of physicians as care-givers. Because of the nature of HMOs and its responsibility for providing member coverage
and delivery of services, physicians are entrusted with the care of the patient or beneficiary on behalf of behalf of the HMO with which they are affiliated (Coulter 19).
The individual physician, or group of contracted physicians are, therefore, considered liable for the incurred costs of medical treatments (Coulter 19). The physician, in essence, is not only responsible
for providing medical care to the patient, he or she also assumes the burden of keeping costs down, of finding the most economical or cost-effective medical care for patients, which
must meet the needs of both the physician and the HMO who has promised a comprehensive medical benefits package to purchasers, or employers (Coulter 19). Gone are the days
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