Healthcare EconomicsThe U .S . government s decision to finance the wellness care services of the poor and the elderly can be attributed to the extend role of the law . Medicare was designed to resemble the health plans of the strict Cross and the Blue Shield (Bloche 2003 . Hospitals collaborated with physicians to enable health consumers to generate protection from the monetary burden of unpredictable costs of healthcare without the price competition among healthcare providers . The role of government has development 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 transcription of retrospective cost reimbursement to prospectively determined 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 license to choose healthcare providers .
Medicare also allowed healthcare providers to participate in the program unless they were disqualified by the government for a cogitate cause . The government in this regard , lost the powers business those available to private payers as protection from exploitationThe concept of the three-bagger 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 monetary contributions are in turn salt 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:
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