Class Notes 042808 Health Care Policy

Class Notes 042808 Health Care Policy - 4/28/08 Health Care...

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Unformatted text preview: 4/28/08 Health Care Policy Overview: 1. Focus on health insurance coverage and health costs. Health costs too much, but we need more of it 2. How do health insurance markets differ from most? How does U.S. differ in solving market problems? 3. Focus on government programs a. Medicare (elderly/disabled) b. Medicaid (lower income) i. Who qualifies? What are benefits? 4. Health Care reform; focus on controlling costs and expanding coverage. Ex Massachusetts Health Insurance Basics Insurance > all costs paid (does not equal) How do people pay for health care Two main types of insurance: 1. Fee For Service (FFS) go to doctor, doctor bills insurance company, you pay any uncovered amount 2. Health Maintenance Organization (HMO) location/network of doctors to provide care Three components of cost: 1. Premium paid to join plan 2. Deductibles are amount not covered each year 3. Co-payamount paid for each specific service Under FFS, deductibles > 0, co-pays often a % (Blue Cross is 20%; they pay 80%)...
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This note was uploaded on 04/28/2008 for the course ECON 401 taught by Professor Sabelhaus during the Spring '08 term at Maryland.

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Class Notes 042808 Health Care Policy - 4/28/08 Health Care...

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