Healthcare EconomicsThe U .S . government s decision to finance the health care services of the poor and the elderly can be attributed to the add role of the law . Medicare was designed to resemble the health plans of the relentless Cross and the Blue Shield (Bloche 2003 . Hospitals collaborated with physicians to enable health consumers to mother protection from the monetary burden of unpredictable costs of health care without the price competition among health care providers . The role of government has enlarge in importance due to the continued rise in healthcare costs .Medicare is a more affordable health plan than the ones provided by private health insurance companies . In 1983 , Medicare shifted its reimbursement form from a agreement of retrospective cost reimbursement to prospectively heady payments based from the diagnosis given to patients . The change in the system of reimbursement minimized the occurrence of litigation of such issues . The beneficiaries of Medicare were given the liberty to choose healthcare providers .
Medicare also allowed healthcare providers to participate in the program unless they were disqualified by the government for a good cause . The government in this regard , lost the powers engross those available to private payers as protection from exploitationThe concept of the ternary party payment system revolves around the idea of monetary contributions are gathered from different types of population groups regardless of the! healthcare requirements of the population members (McPake 2008 . These fiscal contributions are in turn stack away by third-party payers like the government or insurance companies . The financial resources...If you want to get a full essay, order it on our website: OrderCustomPaper.com
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