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Health Care Economic and Financing

Discuss the policy decision-making process for determining what types of care are covered by public and private insurers and the ethical aspects of such financial decisions.

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Added on  2023-05-28

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This paper discusses economic and ethical issues that have been raised in the United States of America concerning the financing health care policies by the government and guidelines on risks that can be covered by private medical insurers and the impacts of this on individual’s access to healthcare services.

Health Care Economic and Financing

Discuss the policy decision-making process for determining what types of care are covered by public and private insurers and the ethical aspects of such financial decisions.

   Added on 2023-05-28

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Running Head: HEALTH CARE ECONOMIC AND FINANCING 1
HEALTH CARE ECONOMIC AND FINANCING
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Health Care Economic and Financing_1
HEALTH CARE ECONOMIC AND FINANCING 2
World Health Organization acknowledges that better healthcare is essential for human
health and well-being. For a country to optimize the productivity of its citizens and increase
gross domestic product, it should ensure that its citizens have access to good health care. This
need and desire to respect human rights, The United Nations’ Universal Declaration of Human
Rights to which many countries are entreaties asserts that everyone has the right to health
(Assembly, 2018).
In the United States of America, most of the medical expenses are born by private sector
even though the government program covers elderly people via Medicare, low-income earners
via Medicaid while military veterans are given state insurance via Veteran’s Administration. In
this paper, I will discuss economic and ethical issues that have been raised in the United States of
America concerning the financing health care policies by the government and guidelines on risks
that can be covered by private medical insurers and the impacts of this on individual’s access to
healthcare services
Healthcare policies covered by the public and private sector are Medicare, Medicaid, the
Affordable Care Act and the American Health Care Act which is a review of the Affordable Care
Act. Medicaid is a free medical insurance program low-income earners, children, pregnant
women, seniors and people living with disabilities. It is collaboratively financed by the federal
government and states.
According to Kaiser Health News, Medicaid faces the following challenges: as a
consequent of the Supreme Court’s ruling that it is not mandatory for states to participate in
Medicaid expansion (Rau, 2012). Medicaid allocation takes a good portion of state budgets
thereby forcing states to lower payments to doctors in order to avoid deficits.
Health Care Economic and Financing_2

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