Healthcare Economics Explain the Term Term Paper

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This is being done by disseminating and using practice guidelines for various medical conditions and by profiling individual physicians' provision rates.

Demand side cost sharing is where patients must contribute more to their healthcare by paying more in copayments and deductibles. One recent advance in health care financing is the health savings account (HSA). These plans rely heavily on patient cost-sharing. An HSA basically provides health insurance along with a tax favored vehicle for savings. Consumers can use this money for qualified medical expenses during the current year or chose to save it for future medical expenses. They idea is that people will think twice before spending it, since spending it takes away from what they can save.

In my opinion supply side cost sharing is the best. There is so much waste and abuse that goes on in the health care industry that simply cleaning some of this up would help to tremendously reduce costs.

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Providers should be help responsible for the expenses that they incur and should be made to adhere to a more uniform way of doing things. It is a well-known fact that many tests are performed just because someone has insurance that will cover it.

Medical procedures that are not medically necessary should not be covered by insurance and thus would be less likely to….....

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"Healthcare Economics Explain The Term" (2011, October 13) Retrieved May 6, 2024, from
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"Healthcare Economics Explain The Term" 13 October 2011. Web.6 May. 2024. <
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https://www.aceyourpaper.com/essays/healthcare-economics-explain-term-46375
   

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