PP1001-Lecture8-Health%20Care%20Policy

PP1001-Lecture8-Health%20Care%20Policy - Health Care Policy...

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Health Care Policy
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Health Care in US Health care spending is 15% of GDP Per capita spending on health care is higher in US than anyway else 16% of Americans have no coverage Costs of health care and insurance outpaces inflation
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Why are Health Care Costs Rising? Longer life spans 1900 2000 2050 Men 48 75 80 Wom 49 80 84 Medical and technological advances New and better drugs Medical malpractice insurance
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Government’s Current Role Government pays for 45% of all health care spending Medicare Medicaid
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Medicare Created in 1965 as a “Great Society” program Covers hospital/physician bills for 65+, about 40 million people. 2006: pays portion of prescription drug costs Funding: 2.9% tax on wages
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Medicare Problems Outlays exceed revenue, at increasing rates. Arbitrary reimbursement caps, thus early release of patients Cuts to reimbursement rates to physicians, thus Dr’s reluctant to accept Medicare patients Baby-boomers impact
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PP1001-Lecture8-Health%20Care%20Policy - Health Care Policy...

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