The two economic assumptions are (1) there will be fewer insured citizens and (2) the cost of insurance premiums will increase. In a market where there are countless uninsured individuals, they tend to seek medical care less due to the affordability. The short-term impact on the market will cause health care organization will have fewer people to compete for their business; therefore, they will have to increase their marketing technique to gain an advantage on the competition, or there will be a decline in business. In regards to long-term impact, organizations will have to find new methods to be able to service the uninsured population by making health care affordable while still earning a profit. As for premium increase, this too will affect…
Thanks for the respond. One of the factor that led to decrease in the uninsured rates was due to Affordable Care Act (ACA). People in the states can now afford to buy health insurance because Affordable Care Act provides financial assistance to help people pay for coverage. The Affordable Care Act makes it easy for people to get treatment even if they have pre-existing conditions, and it helps low and middle income individuals to afford health insurance.…
Emergency Room Care ($302 per visit and 4 visits per year (each quarter) for 20 years) = $24,160…
Uninsured status means that a person isn’t insured by any organization because they cannot afford to pay and is responsible for the cost of medical care out of pocket. Low income and unemployed people make up much of those uninsured, and are set at the greatest disadvantage. In an article, “The Uninsured”, published by the Public Broadcasting Service (PBS) asserts, “the uninsured usually have no regular doctor and limited access to prescription medications, and they are more likely to be hospitalized for health conditions that could have been avoided” (PBS). Those who can afford quality, private health insurance reap the all the benefits the U.S. health system can offer, having the choice to top-notch doctor and faculties, rapid procedures,…
The consequence of going uninsured is detrimental to one’s well-being, as the chances of developing diseases increases and the likelihood of receiving needed medical services decreases (Patel, Rushefsky, 2014, p. 209). This is evident with the story of Nikki and her battle with Lupus (Reid, 2009).…
Many studies have show that people without health insurance do not get the health care they need. The sicker they become, the more tests, surgeries, and other health care services they need. This scenario increases costs to the health care…
Despite the fact that United States is the most affluent country in the world, a significant portion of its citizens have inadequate access to medical care. The barriers to obtaining health care are numerous; perhaps the most difficult hurdle to overcome is the lack of financial resources to pay for it. But the problem of lack of access to health cares for large segments of the population. The largest barrier to obtaining needed care is the lack of financial means to obtain it. The uninsured the underinsured cannot be stereotyped for they include many people who are employed, the elderly, children, minorities, person with handicaps, pregnant women, and other vulnerable populations. A lack of insurance does not translate in some cases to a lack of access to medical care, but it does have a clear impact upon access of health care.…
Those people who are least likely to have health insurance are less likely to get basic preventive care, such as mammograms; less likely to have a personal physician and more likely to rate their own health as only poor or fair…
I agree with you, the United States health care system is very expensive. Because of this many people do not have health insurance. People how to have less income they cannot afford the health insurance because of premium and copayment. That makes them jeopardy their health. Uninsured people have less access to recommended care, receive poorer quality of care, and experience worse health outcomes than insured people do. People who are uninsured suffer significant health consequences as a result of not having insurance. Being uninsured has been correlated with poorer quality of health care, lower rates of preventive care, and greater probability of death. Many uninsured people avoid seeking medical care unless they are faced with an emergency,…
Such as, if there were a lot of people not feeling well or sick, then it would take a lot of time for the patients to receive the full medical attention. However, Harvard researchers state that ‘lack of health insurance is associated with as many as 44,789 deaths per year,” This converts to 40% increased risk of death for people without health care. So even if the people have to wait, health care reduces the death rates.…
Also, uninsured patients primarily do not seek preventive measures for illness but tend to frequently visit the ER once an illness has become unmanageable or presents symptoms, which results in larger medical costs for routine problems that under a covered plan would be treated by the physician at a lower price and a lesser misuse of…
The health care system in the United States has several major problems. Among all of them, insurance policy is the core issue. The Unites States is the only developed country, except for South Korea, that does not provide healthcare for all of its citizens (Farrell). According to the research, there are still 50.7 million people uninsured, which is 16% of the United States population (about one in six people), or the combined population of 25 average-sized states, such as Oklahoma, Connecticut, Iowa, Mississippi, and Kansas (Parker-Pope). The main cause is that the price for health insurance is too high. Many people are not able to pay insurance premiums and over these years the situation has been getting worse and worse. During the past eight years, insurance premiums have nearly doubled, resulting in health insurance moving farther out of reach for millions (Farrell; Klein).…
One study by a health economist at Johns Hopkins Bloomberg School of Public Health, shows that uninsured patients pay 2.49 times more for the same procedures at a public hospital, than those covered by private health insurance. The ratio was even higher at for-profit hospitals charging 4.10 times more for the same procedures. The…
Today uninsured Americans make up approximately 4.2 million people. Because these families cannot afford the high cost of insurance, they do not get the health care needed to maintain good health. They must live with the pain and worry of the problem and when they do get medical care, they assume huge debts and another worry of how to pay for it.…
What happens to a person in America without health insurance? For one it means no breast cancer screening, for another it could mean no high blood pressure medicine, and for yet another it could mean no check-up’s for their children. We would like to help people in need all across our hometown stay healthier and live longer by increasing access to medical services, medications and medical supplies.…