Review of Literature_Healthcare Industry and Reform.docx

The idea of a pac is to is from a movement to start

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“The idea of a PAC is to is from a movement to start organized labor, which created official committees responsible for raising and dispersing money to support political campaigns” (Argenti, p. 231). Many PACs support their views with a candidate running to ensure if he/she gets in office the action they side with is taken. “It is important to remember that differing political perspectives are vital to moving strong agenda forward. Sound policy construction comes from a foundation of negotiation, compromise, and commitment to a common goal, which in the current case, is improving health and health care” (Miyamoto, 2017). Medicare and Medicaid, as mentioned earlier, were passed in 1965 and are both government run programs. “Medicare is a federal program funded through social security payments. It provides health coverage mainly to people aged 65 and older, to some disabled people under 65, to people with end-stage renal disease and amyotrophic lateral sclerosis. Although during its 40 years of operation Medicare has provided elderly Americans with the
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Review of Literature: Healthcare Industry and Reform 13 opportunity to benefit from health insurance coverage, this scheme is extremely basic and has a number of gaps” (Migheli & Novi, 2017, p. 133). “Medicaid is funded jointly by the federal and state authorities and is available for individuals of all ages and families with low income and resources who cannot afford proper medical care” (Migheli & Novi, 2017, p. 133). What is interesting about Medicaid is that each state sets its own rules and regulations about eligibility and covered care. A different approach to government taken by Kellis, Rumberger and Bartels states “there are many examples of government intervention improving the cost and quality of care in the United States. Medicare, for one is more effective at controlling cost growth on a per- beneficiary basis than private insurance” (2010, p. 288). Overall states that Medicare administrative costs are lower than that of the private sector. “The U.S. federal government has grappled with the dilemma of the uninsured many times over the last several decades, and most notably in 1993 when a national consensus proposed that total, universal healthcare coverage was too much and too expensive” (Stephens & Ledlow, 2010, p. 103). What is astounding is that only about 15% of the population get health insurance through government programs, however the finances amount to about 45% of the healthcare spend, which includes Medicare, Medicaid, and Veterans Affairs (Migheli & Novi, 2017, p. 133). Reform needs to happen on the government side within itself. The U.S. cannot continue to withhold the spending rates on the programs as they are today. Information Technology (IT) “Healthcare costs are increasing at an annual rate of 7 percent per year. If sustained, this will bankrupt the Medicare program in 9 years and also increase the nations’ overall healthcare bill to $4 trillion in 10 years. New or increased use of medical technology contributes to 40 – 50
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  • Spring '10
  • Dr.Thomas
  • Health care in the United States, Healthcare Industry and Reform

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