Alternative Medicine - Healthcare

Alternative Medicine - Healthcare

Chapter 13

Exercise 4

Mandated Health Care Benefits

Mandated benefits are the employee health benefit policy which covers the treatment of certain health issues, certain healthcare and treatment providers, and the dependents of the employees are also included in the policy. Whether a person, is against or a supporter of mandated health benefits agrees that these increases the health insurance premiums (O'Neil et.al, 1993). On the other hand, lack of mandates could increase the health care and health insurance benefits cost. Employer health insurance premiums have risen devastatingly in the years between 2000 and 2005. Premiums have risen to about 50% in the definitive terms.

Fully Valuing Benefits

These benefits id dully valued by the workers they will be getting a burden of high premiums and ultimately low wages. But, it will not change the level of employment or the total wage or the benefit cost of the employees. However, in order to fully evaluate the benefits of the mandate health benefits, the labor market and the consequences of this policy, should be completely understand (O'Neil et.al, 1993).

There are many reasons to believe that a firm has limited ability to offset the increase in the benefits and the decrease in the wages of the employees. Constraints such as minimum wages, unionism, provision of labor law that prohibits the employer to discriminate in the wages of the same knowledge, skill and grade employees limits the firm's ability to reduce compensations.

Not Valuing Benefits

The employer if do not value the mandated health benefit insurance law, since it increases premiums and lower the wage. They have an idea that the increment in the premiums typically concludes in the result of little expansion in the form of benefits(O'Neil et.al, 1993). The increase in the labor cost results in the job loss. The low wage industry explicitly supports this fact because the wages of the employees are too low to permits the shift of the cost back into wages. In contrast, the higher wage industries can easily shift the cost back into wages. When industries fail to shift this costs, results in the job loss. Thus, it is also concluded by the economists that the Health Care Mandates, results in the job loss of lower wage workers (O'Neil et.al, 1993).

Chapter 14

Exercise 12

The policies proposed by the Medicare were because there costs were increasing and they have to cut the cost to reach economies of scale. Thus, the individuals identify the different set of policies to reach their goal. These policies comprise of:

Broad outline of programs

Health insurance policy

Direct price of care

Provider reimbursement

Regulate the behaviors of providers

Broad outline of program

Medicare provides the insurance to the people. It covers the insurance of the people who are and over the 65 years of age. However, they came up with the policy alteration in the age group. This policy suggested increasing the age limit to 67 years. Although this proposal did not achieve the status of ...