Efforts at Containing Costs in Health Care


Question Description:

25

Efforts at Containing Costs in Health Care 1 answer below » Application: Efforts at Containing Costs in Health Care Many people believe that health care in the United States is
unaffordable. Do you agree? If so, what can and should be done to address this? For this Application, you will propose ways to contain costs by
altering demand or supply in one particular area of the health care industry.
As you do this, it is important to consider the distinction between the costs
incurred by particular consumers, providers, and insurance companies or payers
versus the overall expenditures endured throughout the health care system.
Although some strategies may View complete question » Application: Efforts at Containing Costs in Health Care Many people believe that health care in the United States is
unaffordable. Do you agree? If so, what can and should be done to address this? For this Application, you will propose ways to contain costs by
altering demand or supply in one particular area of the health care industry.
As you do this, it is important to consider the distinction between the costs
incurred by particular consumers, providers, and insurance companies or payers
versus the overall expenditures endured throughout the health care system.
Although some strategies may shift the financial burden from one entity to
another, this assignment asks you to take a broad, analytical view and examine
the potential impact of cost containment efforts on society as a whole. To prepare for this
Application: ·In your view, are the overall costs
associated with health care too high? On what grounds do you base your
conclusion? ·Select one of the following submarkets of
health care: · oPhysician services oNursing services oMedical technician services oPhysical facilities (e.g., hospitals,
specialized, imaging, long-term care) oMedical technology o
Pharmaceuticals ·
Review this week’s Learning Resources, including the articles
“Cost Shifting Does Not Reduce the Cost of Health Care” and
“Market Failure and the Failure of Discourse: Facing Up to the Power of
Sellers.” ·
Use the Library and credible websites to conduct research on cost
containment efforts related to this submarket. Find at least one resource that
describes a specific effort to address costs in this health care submarket in
relation to supply or demand of the service or good. Evaluate the strengths and
weaknesses of this approach. ·
With regard to this submarket, what else do you think could be
done to contain costs? What specific aspects of supply or demand could be
shifted to help bring down market price or otherwise contain costs? ·
Evaluate possible unintended consequences that may result from
these efforts. ·
Identify one specific approach for cost containment that you would
recommend. Do you think this approach would reduce—or increase—overall
expenditures in the long term? Could the results differ in the short term? If
you are proposing a strategy that might increase total expenditures or shift
the costs to another entity, evaluate your rationale for selecting it and be
prepared to support your argument. · Write a
2- to 3-page paper in which you address the following: ·Briefly summarize your views on whether
the total expenditures for health care in the United States are too high.
Provide your rationale, including the criteria you are using for your
assessment. ·Propose one specific approach to help
contain costs in some way. How would supply and demand be affected? Explain how
this shift could be brought about. ·Describe the benefits of this approach.
How much do you think this approach would lower market price? Could the
outcomes differ in the short term and long term? ·Assess potential unintended
consequences of this cost-containment effort. ·Do you think this is a feasible
approach for reducing overall costs? Why or why not? Provide the rationale for
your response. Your written assignment
must follow APA guidelines. Be sure to support your work with specific
cit…

Answer

25