Economics Outline Essay - 951 Words

Health Care Economic Issues Outline Abdel, Susan Erin, Irma September19, 2011 I. Introduction Providing health care service for uninsured and underinsured individuals in the United States is an ongoing concern. A report released by the U.S. Census Bureau reveals the number of uninsured Americans under age 65 rose from 45.7 million in 2008 to 50.0 million in 2009 and an estimated 25 million American’s were reported to be underinsured in 2007 (Gould, 2010). Uninsured are individuals not covered by any type of health insurance. Underinsured are individuals who have health coverage that does not adequately protect them from additional costs of care. From an economic perspective, the weight of this concern falls heavily on the leaders†¦show more content†¦Recommended Improvement Strategies a) Key Players 1) Federal Regulators: Federal legislators are responsible to providing health reform initiatives, as well as policy proposals involving health system reform. ( U.S. Department of Health amp; Human Services, 2008). 2) State legislators and insurance commissione rs: i) Are responsible for implementing the fastest growing form of health insurance- Health Savings Accounts (HSAs) and HSA-eligible high-deductible health plans (HDHPs), which can increase an individual’s involvement in making health and healthcare decisions (Bachman, 2007). ii) State legislatures advance laws supporting healthcare 3) Insurers, employers and other health service vendors: i) Insurers, employers, and other health service vendors operate businesses within the allowed parameters set by federal and state legislation. ii) Insurance serves a number of functions: assisting in pooling risks, facilitating commercial transactions, and managing risks. 4) Health care providers: i) Shift from traditional medicine to evidence-based medicine (EBM): promoting a scientificShow MoreRelatedAirline Industry and Its Economic Outline2890 Words   |  12 PagesAirline Industry and Its Economic Outline Frank L Mannino Jr. Axia College of University of Phoenix ECO/205 Economic Theory May 09, 2010 Airline Industry and Its Economic Outline The question can be is. 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