ORGANIZATION FINANCE CURRENT HEALTHCARE SYSTEM

Organization Finance current Healthcare system



Organization Finance current Healthcare system

Healthcare is the primary commodity that every first world country tries to provide to their citizens. Healthcare makes a better, happier nation in which functions more smoothly and with less problems. The United States' healthcare system does not have a smooth running healthcare system that guarantees its citizens health and happiness. Among first world, industrialized countries, the United States is the only country without universal healthcare. The healthcare system in the United States runs through several public and private insurers. With the competition of the private insurance companies, the price of health insurance is at a staggering number. According to the Organization for Economic Co-operation and Development, The United States spends more on healthcare than any other country in the world (amsa). This high price for health insurance has made obtain health insurance for some individuals very difficult. This is a very astonishing in which brings up the point if our health care is really worth this much money. According to the World Health Organization the United states ranks last when it comes to quality in first world nations (WHO). This means you are getting what you are paying for and in a sense need a refund. There is also a problem with the funding of our government programs because of these souring costs. According to President George W. Bush, the financial health of Medicare is in serious jeopardy and might face deficit as soon as 2010 (Bush).

In the United States if you have health insurance then you either have an employer sponsored plan, an individual insurance plan or you have the government form of health insurance. In 2003, 62% of non-elderly Americans received private employer-sponsored insurance, and 5% purchased insurance on the private non group (individual) market. 15% were enrolled in public insurance programs like Medicaid, and 18% were uninsured (amsa). Elderly individuals aged 65 or over are almost uniformly enrolled in Medicare. Medicaid is for low income families and disabled or Medicare which is for people 65 or over. There are some other more rare government programs such as S-CHIP which is the State Children's Health Insurance Program. This program is designed for families whom make too much money to qualify for Medicaid but make too little of money to buy private health insurance. Another government program is the Veterans Administration which healthcare is administered to veterans for little money and in most cases free of charge. These programs are funded through tax payer dollars in which go to reimburse providers who take care of patients in these programs.

Medicare was enacted in 1965, under the administration of Lyndon B. Johnson, in order to provide health insurance for retired citizens and the disabled (Ryan). The Medicare program covers most people aged 65 or older, as well as handicapped people who enroll in the program, and consists of two health plans: a hospital insurance plan (part A) and a medical insurance plan (part B) (Marmor ...