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What effect will the current governmental initiatives that focus on expanding health care coverage to more Americans have on health care costs and health care services in the United States?
Expanding health insurance coverage to the more than 45 million uninsured Americans is a key U.S. policy goal, but expanding coverage without steps to contain rapidly rising health care costs is a recipe for failure. [ For years, federal initiatives to reform health care focused mostly on expanding the proportion of Americans covered by health insurance. That is a key part of this year’s health
reform agenda, but most policymakers recognize that provisions to address rising health care spending are an important component of health care reform. President Obama and his budget director, Peter Orszag, continually stress the importance of lowering the trend of health spending increases. In early May, a consortium of key health care stakeholders responded by pledging to help reduce rising health care costs by 1.5 percentage points per year for 10 years, with estimated savings of $2 trillion over this period. Few health care experts have confidence that such voluntary efforts can slow the trend by a substantial amount, but the pledge by organizations representing physicians, hospitals, insurers, drug makers, device makers, and organized labor is important, reflecting the emerging consensus that controlling health care costs is essential to ensuring access to affordable health care coverage. ]
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Asked 8/4/2012 1:18:59 PM
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Identify one way in which the role of the agency it regulates in health care
Weegy: The FDA oversees the safety, effectiveness, and marketing of foods, drugs, cosmetics, and medical devices. It operates under powerful laws but lacks sufficient resources to handle the enormous number of violations it encounters. [ [ In addition, a recent campaign by the health-food industry and its allies has decreased the agency's ability to regulate claims for dietary supplements and herbs. ] (More)
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Asked 8/3/2012 9:47:46 PM
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What effect will the current governmental initiatives that focus on expanding health care coverage to more Americans have on health care costs and health care services in the United States?
Weegy: While there is broad agreement that the rise in costs must be controlled, there is disagreement over the driving factors. [ Some of the major factors that have been discussed in cost growth are: Technology and prescription drugs– For several years, spending on prescription drugs and new medical technologies has been cited as a primary contributor to the increase in overall health spending; however, in recent years, the rate of spending on prescription drugs has decelerated.[1] Nonetheless, some analysts state that the availability of more expensive, state-of-the-art medical technologies and drugs fuels health care spending for development costs and because they generate demand for more intense, costly services even if they are not necessarily cost-effective. [6] Rise in chronic diseases – Longer life spans and greater prevalence of chronic illnesses has placed tremendous demands on the health care system. It is estimated that health care costs for chronic disease treatment account for over 75% of national health expenditures. [7] In particular, there has been tremendous focus on the rise in rates of overweight and obesity and their contribution to chronic illnesses and health care spending. The changing nature of illness has sparked a renewed interest in the possible role for prevention to help control costs. Administrative costs – At least 7% of health care expenditures are estimated to go toward for the administrative costs of government health care programs and the net cost of private insurance (e.g. administrative costs, reserves, taxes, profits/losses).[1] Some argue that the mixed public-private system creates overhead costs and large profits that are fueling health care spending.[8] ] (More)
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Asked 8/4/2012 10:27:06 AM
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What effect will the current governmental initiatives that focus on expanding health care coverage?
Weegy: Although it has been a hot-button issue for years, the heated debate surrounding health care, the way it is administered, and the costs surrounding it came into full national view during the Fall 2008 Presidential Election cycle, [ and some would say it became an ultimate deciding factor. It seemed that almost simultaneously the general public cried out for nationalized health care, but almost as vociferously disparaged the expected increase in costs, specifically in new taxes levied against the populous. Now almost three years later, the debate over the cost of health care and what services are administered has trickled down to the state, with recently elected Governor of New York Andrew Cuomo making it his personal crusade to “rein in” spending when it comes to Medicaid and the various services offered under its auspices. ] (More)
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Asked 8/4/2012 2:18:09 PM
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