In recent years, the United States has come up with health reforms after long years of health costs affecting the economy, American individuals’ financial well-being, and the federal budget. Health insurance helps children study well, aged adults live longer and uninsured to get insured. Hence, the government has developed health reform that provides affordability, high quality, and accessible healthcare. In this Topic, we shall discuss the benefits and negative aspects of Health care reform and analyze the current situation in Florida.
Healthcare reform to expand the Medicaid program to allow low-income individuals to benefit is a significant impact. The program targets the small businesses and uninsured working poor to meet the critical objective. The government supreme court made it optional for Medicaid to achieve this rule; the more uninsured covered employers will get lower premiums, reducing the benefit-cost and allowing more jobs.
Secondly, Health system modernization where the reform will make it more efficient to providers by improving information provided to patient. It will work through payment innovations that include the reimbursement for patients centered, physicians, huge payment for hospitals. Second through an independent payment advisory bond, an innovation center for the Medicaid and medicare services charged within well-organized services, profiling medicare providers based on quality and cost, and lastly, increasing emphasis on wellness and prevention (Ody et al.,2019).
Thirdly, coverage on health insurance is a significant impact. The health reform has ensured that it is affordable to every individual, whereby insurance is more willing to get much more risk by giving comparable rates on policies, not excluding pre-existing conditions like Diabetes, cancer, etc. Lastly, by not limiting their rate increases. Every individual must be willing to participate in achieving the mandates, and also, in every cross-section, there should be a representative.
Forth, impact on the federal government. These will include the savings on Medicare and Medicaid resulting from system modernization. In addition, reducing employer spending, thereby increasing the wage and salary payments, will lower the administrative costs (Cutler,2020). Lastly is the impact on premiums for private coverage, where reducing the insurer administration and modernizing the delivery of health services will each result in a reduction in private insurance premiums.
Through the positive impacts, health reform negatively impacts the government through administrative costs where hospitals and health centers will be required to do more independently. There will be an influx of patients due to the newly insured patients, hence incurring more costs. Secondly, cut payments through the excessive decreases in reimbursements and tax breaks. Lastly, the coverage whereby medicare and Medicaid find it challenging to find physicians contributed to finding healthcare providers to treat these new patients will be increasingly in short supply of doctors (Wolff et al.,2019).
Health care systems in Florida are the worst case ever in affordability, access, avoidable use and overall costs, especially the privately uninsured with the recent analysis in the commonwealth. Health care is limited and privately insured individuals are paying the brunt of the bill, indicating that the prices paid by the commercial insurers are higher than the Medicare rates. In conclusion, the Healthcare reform system should be of significant impact in Florida when undertaken in Florida since it will resolve and bring about all the benefits analyzed.
REFERENCES
Cutler, D. M. (2020). Reducing administrative costs in US health care. The Hamilton Project. Washington, DC: The Brookings Institution.
Ody, C., Msall, L., Dafny, L. S., Grabowski, D. C., & Cutler, D. M. (2019). Decreases in readmissions credited to Medicare’s program to reduce hospital readmissions .
Wolff, J. L., Nicholas, L. H., Willink, A., Mulcahy, J., Davis, K., & Kasper, J. D. (2019). Medicare spending and the adequacy of support with daily activities in community-living older adults with disability: an observational study. Annals of internal medicine, 170(12), 837-844.erstated. Health Affairs, 38(1), 36-43.
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