Great Britain Healthcare System provides “free” healthcare to all residents including children, unemployed and retired. The system is operated solely by the government and is funded by the taxpayers. The government has a fixed budget that they spend on healthcare for the entire population. By the government taxing residents for multiple things they do not require any payments or fees to receive any healthcare services. So, while healthcare may 2
Task 3 Healthcare Financing appear “free” to residents the taxes required to pay are much higher than that of the United States. There is an option for private healthcare that works similar to that of the U.S. Having insurance allows them to choose their specialists and avoid long waiting lists for non-emergent care. “NHS patients wait an average of about eight weeks for treatments that require admission to a hospital, four weeks for out-patient treatments and two weeks for diagnostic tests” (London, 2009). a. Coverage for Medications Many insurance companies and government assisted programs will cover the cost of medications. This may be covered at full cost, a set amount or will not covered at all. For those who choose to pay out of pocket, there are discounts that could be used. GoodRX is very helpful and accepted at many pharmacies which reduces the cost of the prescription. In Great Britain, the maximum cost for any prescribed medication is $12. While prescription prices appear a lot cheaper in Great Britain there are not as many medications available to residents. There are many cancer medications available in the U.S. that are not available in GB due to high cost. So,
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