Healthcare policy & Law

May 12th, 2015
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Strayer University
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Compare the key components inherent in the national health insurance financing systems of two (2) different countries. Determine the impact that financing health insurance has on the economy of each country that you selected. Provide examples to support your rationale. · Examine the importance of health insurance with respect to the cost of the uninsured on the healthcare system. Interpret the function of the Affordable Care Act in providing insurance coverage to the uninsured. Provide two (2) examples to support your rationale. Part 2 · Specify at least two (2) examples of quality initiatives that could potentially reduce healthcare cost. Illustrate, with real-world examples, the capacity to which healthcare cost affects healthcare quality in the United States. · Determine the importance of generic drug availability in relationship to healthcare quality and cost. Provide at least two (2) examples to illustrate the degree to which generic drug availability is significant to the u

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Health Care Policy & LawHealth insurance financing systems The set of procedures adapted by the state to tackle the cost of healthcare insurance for people of the state is regarded as financial system of health insurance. Depending upon the variable ground realities and customs, every state has their own set of principles which may be dynamically changing from time to time. Broadly, there are two ways of financing health care insurances; governmental based or market based. Governmental based financial system collects the taxes from public and uses this tax money to pay for healthcare facilities and insurances. In this system, governmental functions are accountable in the court of law in the case of any mishandling. Market based financial system is run by private healthcare organizations who have their self-devised cost models and they have to be paid directly by people to be insured. Each system has its own advantages and disadvantages [JNG (2015)]. United Kingdom has established a single-payer government based health insurance financial system. UK collects funds and taxes from people and directly pays the healthcare organizations for insurance coverage. United Kingdom has named its health coverage system as NHS (National Health Service) which is run by the tax money and all prescribed drugs and treatments are free because costs are cut from taxes. The maximum cost patients have to pay for any medical drug is $12 [TIME (2009)]. As compared with UK, United State

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