HEA 614 Chapter 3 Discussion Questions.docx - HEA 614 Chapter 3 Discussion Questions 1 Discuss the effects of government involvement in two other

HEA 614 Chapter 3 Discussion Questions.docx - HEA 614...

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HEA 614 Chapter 3 Discussion Questions 1. Discuss the effects of government involvement in two other industries. Compare the differences and similarities of these industries with the healthcare field. Government regulation and interaction with the stock market and securities exchange. This interaction came about after flawed private policies led to a stock market crash that sparked the Great Depression. Government regulation and interaction with the railway companies. This interaction was sparked because small companies were being consolidated into one major transportation company in the Northwest. The resulting laws and government power set in motion the modern-day antitrust system we have today. The major difference between these two examples is the length of interaction. Government regulation and interaction with the stock market and securities exchange is an ongoing interaction that is manifested today by the SEC. Government regulation and interaction with the railway companies is a short-term interaction that has had lasting impact on all industries including healthcare. The similarities are that both instances were pushed by the perception that the private market had failed to produce a balanced competitive system. Economically speaking these were not true "free markets" instead they were markets where information was manipulated by the powerful to increase their own power. 2. Discuss the impacts of a breach to healthcare information systems, especially the financial and privacy impacts. There are many personal implications. The infringement of privacy from healthcare records breach is monumental. Not only traditional privacy in healthcare is essential because a provider's ability to care for patients is built upon those patients trust with him. If they do not disclose pertinent information because of privacy concerns it can have a negative effect on their treatment. It also has financial implications.
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