What’s Persuading the Increase in Cost?
More or less, each aspect of Medicare is very complex. A health care program sponsored by the Federal Government, which involves hospital insurance, medical insurance, customizable policies, and even prescription drug coverage. “To be eligible for Medicare Part A and Part B, you must be a U.S. Citizen… Be age 65 or older and eligible for Social Security… Be permanently disabled and receive disability benefits for at least two years…” (eHealthMedicare.com). Irrefutably it is a vital health care coverage program that is needed by a lot of people; however, just about every year the medical costs rises quicker than inflation and the economy combined. Granted there are many problems that can easily …show more content…
This system could easily be manipulated into a rewards or incentive program for doing more; rather than for being efficient in patient care. The fee-for-service system reimburses the medical doctors, hospital and other medical providers for each test performed, procedure used or medical visit; which could easily encourage overtreatment, including irrelevant procedures. The Federal health law aims to handle the cost increase by means of a flat rate for a specific condition reimbursement system. Likewise, health care systems and doctors are storing patient’s medical records by electronic means as a way to help improve management of patients, and reduce needless and repeated tests.
One more factor that is having an enormous influence on the rising cost is the fact that patients are living longer; then again, almost half of the U.S. population have one or more lifelong medical conditions, which undeniably will drive up the cost. Furthermore, as patients get older, they are more probable to need additional medical care, for this reason the patients enrolled in Medicare and the cost to assist them is predicted to grow enormously each year.
The health care field is endlessly improving; in fact, some of the newer advancements in the medical field have been proven to assist patients in getting well, avoiding diseases and delaying death. However these improvements do tend to drive up costs, even if there is little or no indication that they are