Discuss the theory of insurance and its impact on the medical insurance industry in the U.S. AND assess where this theory has advanced the needs of U.S. population.
The theory of insurance means protection of financial loss. In other words it is a form of risk management, primarily used for uncertainty. An entity which provides insurance is known as an insurer , the insurance transaction involves the insured assuming a guaranteed and known relatively small loss in the form of payment to the insurers promise to compensate the insured in the event of loss covered.
The impact of health insurance in US is a program that helps pay for medical expenses , whether through privately , social health care coverage and health benefits , in a more technical sense.
Hospital and medical expense policies were introduced during the first half the 20th c. During 1920s , individual hospitals began offering services to individuals on a prepaid basis, eventually leading to the development of Blue cross organization in the 1930s. Health care providers in the US encompass individual health care personel , health care facilities and medical products that improve life expectancy of US citizens up to 78.6 years. US health care system is mainly in private hands , though federal , state , county , and city governments also own certain facilities.
American's enjoy optimal health as individuals and as a population , they must have the benefit of high quality health care services that are effectively coordinated with in a strong public health system.
The health care sector in the US consists of an array of clinicians , hospitals and other health care facilities , insurance plans , and purchasers of health care services , all operating in various configurations of groups , networks and independent practices.
In 2010 , the patient protection and Affordable care Act became law, enacting major changes in health insurance . The supreme court upheld the Constitution ality of most of the law in June 2012 and affirmed insurance exchange subsidies in all states in june 2015. U S health care system is unique among advanced industrialized countries . The U.S does not have a uniform health system, has no universal health care coverage , and only recently enacted legislation mandating health care coverage for almost every one. The U.S health care system can best be described as a hybrid system.
Discuss the theory of insurance and its impact on the medical insurance industry in the U.S....
) How health savings accounts and consumer-directed health plans impact the U.S. health insurance industry and healthcare consumers?
Discuss how the selection Bias in non-HMO settings impact healthcare consumers seeking medical insurance coverage.
1. Describe Frederick Taylor’s theory of scientific management and its impact on worker productivity. 2. What is the basic premise of Abraham Maslow’s hierarchy of needs theory and what levels comprise the hierarchy? 3. Describe William Ouchi’s Theory Z. 4. Compare and contrast these three theories and discuss your approach to motivating employees with your classmates.
Discuss statistics on the different types of insurance held by the U.S. population. Emphasize the different Medicare plans: Part A, Part B, and Part D, the State Children’s Health Insurance Program and identify what types of private insurance is available and how it is funded. What type of insurance (public or private) contributes more to the percentage of GDP that is associated with health care costs?
Please discuss the development of the U.S. airline industry in the era of economic regulation and the factors leading to deregulation. Describe the post-deregulation expansion, consolidation, and concentration of the industry, as well as the current trend of intra-industry agreements.
2. Which strategic management theory do you think has the gre practising manager? You should discuss at least two theories before coming to a justified conclusion. 6. Discuss key decisions that the marketing manager of a mid-market rucksack company will have to make with regard to deciding on its market segment. Assess how the choice of market segment will impact the price, product and distribution channels used.
Prescription Drugs: . Describe and discuss the development of new drugs by the U.S. pharmaceutical industry.
Discuss the stages of the industry life cycle and explain how knowing its phases can help you assess a firm’s growth opportunities and potential risk. Search for industry life cycle on the Web. Provide some additional insights on the industry life cycle and links to the site(s) you accessed.
Moral Hazard Before we leave the subject of the impact of insurance on the demand for medical care, we need to introduce the concept of moral hazard. Moral hazard refers to the situation in which consumers alter their behavior when provided with health insurance. For example, health insurance may induce consumers to take fewer precautions to prevent illnesses or to shop very little for the best medical prices. In addition, insured consumers may purchase more medical care than they otherwise...
1. Discuss controversies surrounding the development of the government’s role in providing, financing, and regulating health insurance and health services. 2. Discuss the changing nature of health and medical care and the implications for medical practice, medical education and research, and health policy. 3. Discuss the economic reasons for government intervention in a market based health care system. Please be sure to incorporate the reasons identified in your text as well as any additional reasons you wish to provide. Provide...