Important Aspects in Policy Making of Healthcare Essay

Open, View, and/or
Download this Document

Total Length: 776 words ( 3 double-spaced pages)

Total Sources: 2

Page 1 of 3

Policy Decision-Making Process

The American health bill's financial costs reside with people ultimately sponsoring the payments; these are federal, state, and local governments, private businesses, and families. They disburse out-of-pocket costs and insurance premiums, or fund healthcare via general incomes or dedicated tax. Additionally, they determine the kinds of health schemes to be provided, persons entitled to plan participation, cost-sharing plans to enforce (deductibles, premiums, and co-payments), and the amount of coverage made available. The above sponsors also hold the responsibility of amassing finances and bankrolling programs or payers, such as Medicare, Medicaid, and private insurance (National Health Expenditures 2010, n.d.).

Healthcare expenditure burdens on care sponsors can be assessed by means of the ratio of individual sponsors' spending towards health in relation to the resources they possess. In the case of private businesses, the health spending burden is examined in relation to aggregate compensation (salaries and wages). Private businesses' healthcare expenditure in 2010 constituted 10.2% of private salaries and wages, and 8.5% of overall staff compensation. Both these percentages were reduced by a slight amount in 2010, following a peak in the previous year. Health spending burden on families is assessed in relation to their adjusted personal earnings.

Stuck Writing Your "Important Aspects in Policy Making of Healthcare" Essay?

View All Our Example Important Aspects in Policy Making of Healthcare Essay

Have A Custom Example Essay Written

This share, from 2003 to 2008, remained relatively stable (around 6%). It rose to 6.3% in 2009, while the next year, it marginally reduced to 6.2%. The marginally smaller household healthcare burden in 2010 resulted from a larger rise in personal earnings, compared to their health spending. In the case of local, state and federal governments, healthcare spending burden is evaluated as a percentage of revenues. The federal revenue share that financed federal government healthcare spending soared from 38% (2008) to 53% (2009), with an increase in federal spending towards Medicaid and Medicare; meanwhile, federal revenues dropped because of the December 2007 economic recession (National Health Expenditures 2010, n.d.).

Washington Post example

An atypical review is being performed by federal authorities to ascertain whether a costly new prostate cancer medication must be financed by the government; a debate has been reawakened over whether the cost of some treatments is too high. While Medicare isn't expected to count cost as a factor in making such decisions, the resolution of initiating a formal inspection has led cancer specialists, drug companies, policymakers, advocates and patients suffering from prostate cancer to voice concerns. These have been.....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Important Aspects In Policy Making Of Healthcare" (2015, September 16) Retrieved May 18, 2024, from
https://www.aceyourpaper.com/essays/important-aspects-policy-making-healthcare-2155319

Latest MLA Format (8th edition)

Copy Reference
"Important Aspects In Policy Making Of Healthcare" 16 September 2015. Web.18 May. 2024. <
https://www.aceyourpaper.com/essays/important-aspects-policy-making-healthcare-2155319>

Latest Chicago Format (16th edition)

Copy Reference
"Important Aspects In Policy Making Of Healthcare", 16 September 2015, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/important-aspects-policy-making-healthcare-2155319
   

Open, View, and/or
Download this Document
order custom essay example