Question

Consider the Affordable Care Act and other government health insurance programs. Many individuals feel that the...

Consider the Affordable Care Act and other government health insurance programs. Many individuals feel that the spending for these programs is out of control and that they need to be reformed. Please discuss some of your suggestions for reforming the programs.

Business   Operations-Management   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

Answer: The following are some of the suggestions for reforming such programs

  1. Reducing the costs of the prescription drugs: The prescription drugs are a major contributor to the costs of such programs. Therefore the government needs to control the prices of such drugs and promote the use of off patent generic drugs in such programs.
  2. Reviewing the interest rates: The government also need to constantly review the insurance rates offered by the insurers for ascertaining the accountability of the insurers and for ensuring that they do not charge irrational charges.
  3. Taking out the higher age group from such program and offer them a different program. This will help in reducing the premium rates for the other age groups who have to share the burden of such age groups.
0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The Affordable Care Act increased the number of individuals with health insurance in the US. How...
The Affordable Care Act increased the number of individuals with health insurance in the US. How would you expect this to impact the total amount of spending on health care (including spending by both individuals and by insurers)? Why might we consider it a good thing if spending on healthcare increases?
As a result of the passage of the Affordable Care Act (ACA) of 2010, the government...
As a result of the passage of the Affordable Care Act (ACA) of 2010, the government has played a proactive role in developing a healthcare system that is more consumer oriented. Which of the following is contained in the ACA?    Consumers have the option of choosing either a private or public/government-run health insurance plan.     State Medicaid programs were expanded to include people with income and earnings above and up to 138 percent of the poverty level.     All...
The Affordable Care Act (ACA) has increased the share of the population with health insurance. Most...
The Affordable Care Act (ACA) has increased the share of the population with health insurance. Most of the newly insured are young and reasonably healthy. As a result, the ACA will primarily affect the demand for primary care services, and many anticipate a shortage of primary care physicians. (Porter, 2015). Some other observers suggest that this concern is overblown (Auerbach et al. 2013). The production of primary care is changing in ways that shift its supply. One change is the...
As we know, the Affordable Care Act (ACA), initially included a mandate that required Americans to...
As we know, the Affordable Care Act (ACA), initially included a mandate that required Americans to carry health coverage. The mandate has since been repealed by the current administration and some democratic presidential candidates have proposed bringing it back. Prepare an argument on whether or not the United States government should or should not require people to have health insurance. Please provide references to support your argument.
One of the hallmarks of the 2010 Affordable Care Act is its mandated health insurance coverage...
One of the hallmarks of the 2010 Affordable Care Act is its mandated health insurance coverage for contraception. However, in October 2017, the Trump administration made it easier for an employer, nonprofit or for-profit, to exclude the contraceptive coverage from the health plan an employer offers to its employees if the employer has religious objections though its execution is blocked by courts. Do you believe that the employer has religious autonomy to run the company without their faith being coerced...
One mechanism in the Affordable Care Act intended to extend health insurance to the uninsured is...
One mechanism in the Affordable Care Act intended to extend health insurance to the uninsured is expansion of Medicaid. What is the economic incentive for states to expand their Medicaid program to cover more low-income people? If a state expands its Medicaid program, the federal government will pay 90% or more of the cost of the additional people that are now eligible for Medicaid. If a state does not expand its Medicaid program, the federal government requires it to pay...
The Affordable Care Act, or Obama Care as it is sometimes called, had a difficult start...
The Affordable Care Act, or Obama Care as it is sometimes called, had a difficult start partly because it requires everyone to be covered by insurance or they must pay a fine. Why are all required to join? If most people consider health insurance a good thing, why do so many resist buying a plan even when they can afford it? (Assume there are no technical problems involved and the resistance is a rational response.)
3. Individuals who enrolled in Affordable Care Act Heath Insurance Marketplace plans represented about 4.1% of...
3. Individuals who enrolled in Affordable Care Act Heath Insurance Marketplace plans represented about 4.1% of all Americans with insurance in 2015. The Department of Health & Human Service wanted to determine whether the rate of enrollment in these marketplace plans in 2016 grew as compared to the 2015 rate of 4.1%. It selected a random sample of 500 insured Americans in 2016 and found that 29 of them enrolled in ACA marketplace plans. a) Could the Department of Health...
Has Affordable Health Care Act been effectively implemented? Are provisions related to the individual mandate (imposing...
Has Affordable Health Care Act been effectively implemented? Are provisions related to the individual mandate (imposing penalties on individuals that would not buy insurance) fully implemented? Do we have sufficient information/robust data that would indicate as to the impact of the individual mandate on the demand side?
As part of the Affordable Care Act (ACA), the government pays a subsidy to low-income consumers...
As part of the Affordable Care Act (ACA), the government pays a subsidy to low-income consumers when they buy health insurance. If you assume there are no externalities associated with health insurance, which of the following best describes the effects of the subsidy? Low-income buyers would lose, health insurance providers would lose, and taxpayers would lose Low-income buyers would benefit, health insurance providers would benefit, and taxpayers would benefit Low-income buyers would benefit, health insurance providers would benefit, and taxpayers...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT