Major Healthcare Plans

Major Healthcare Plans

Introduction

Health care plans are often related to any attempt taken by a group of people to improve the infrastructure of health around an area. This can be achieved both by medicine, optometry, pharmacy, dentistry, nursing, allied health, and other health concerned organizations. The health care plan varies from one place to another depending largely on the socio economic conditions of the given area.

As every individual country has its own health policy. USA with a population of 313,847,465 has one of the most efficient health care plans throughout the world. With health insurance expenses growing all the time, most people believe to save money on health related issues (Anderson, 2003). In recent time, variety of new types of medical plans has been introduced in US such as High Deductible Health Plan (HDHP), Tax Saving Programs, Short Term Profitable Tactics, Discount Medical Cards and many others.

Discussion

High Deductible Health Plan (HDHP)

High Deductible Health Plan (HDHP), this program offers us to store money that is to be paid for an insurance policy along with having large amount of deductibles. Beside this, HDHP offers one individual with numerous kinds of remedial related concession accounts such as a health saving bank account. These health saving accounts known as (HSA's) offers duty free expenditures along with the reduction in medical expenses to some degree. In US the growth of HDHP has been exceptional in the past 6-8 years. According to the statistics 1 million American used HDHP in 2005 which increased to 11.4 million by 2011. But today under Obama care's cost issues one has to pay about 2.5% mandate income tax which makes the citizen of America think once regarding joining this plan or not as this agenda is very likely to harm both customer investing and private organizations, which will ultimately halt the GDP growth (FH, 2013).

Tax Saving Programs

Along with HDHP there are several tax saving plans introduced by the American government. For instance salary can be placed into a saving plan and then one can make direct dealings of cash which possibly will not be later compensated. President George W. Bush endorsed Medicare Prescription Drug, Improvement, and Modernization Act of 2003 which provides subsidies for elderly workers to put off them from removing private prescription treatment to retired workers, it bans national government from agreeing to concessions contracts with drug companies and it stops the government from creating officially prescribed medicine dose formula. This law created health saving accounts (HAS's) and tax free bank accounts for medical purposes.

Moreover short term profitable plan in USA which pays for routine concerns and do not pay for major accidents, in the same way a discount medical card also provides people with low level benefits (Cogan, 2011).

Diagnosis Related Groups (DRG's)

DRG is a method of grouping patients on the foundation of analysis comprising of separate combinations. DRG allocation to a situation depends on the basic condition of the patient, remedy, patient's sex and age. The system was introduced in 1982 by Robert ...