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Healthcare Funding and Financial Management Assignment

   

Added on  2020-03-23

8 Pages1595 Words68 Views
Public and Global Health
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Running head: HEALTH CARE FUNDING AND FINANCIAL MANAGEMENTHealth care funding and financial managementName of the student:Name of the university:Author note:
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1HEALTH CARE FUNDING AND FINANCIAL MANAGEMENTTable of ContentsQuestion 1:2Question 2:3Question 3:3Question 4:4References:6
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2HEALTH CARE FUNDING AND FINANCIAL MANAGEMENTQuestion 1: Medicare can be described as a publicly funded universal health care system, operated inAustralia by the collaborative management of Department of the health services and publicfunding. According to recent statistics, Medicare is undoubtedly the primary funder for heathcare both in Australia and all across the globe, and hence Medicare has had a significant role inthe improvements of health care and enhanced availability of it throughout all sectors of thesociety (Marmor, 2017). However, there certainly are some challenges to successful financialmanagement provided to all the socioeconomic sectors of the society and there is room for manyimprovements in the Medicare sector. For instance, considering the seniority coverage, the benefits for Medicare starts only afterthe age of 65; whereas, in the current age, the health care complexities do not always start past65, most of the common health concerns arrive with the onset of middle age, around 50 andabove. Hence in order to improve the relevance and benefits of the Medicare covers, theseniority cover age bar should rather start from the age of 50, so that the unnecessary burden onthe taxpayers does not escalate (Munyisia, Reid & Yu, 2017). According to emerging research the most of the common health priorities and concerns canbe prevented with adequate precautionary and promotional program linked to the Medicarecoverage, so that the public health services provided can improve its efficiency andeffectiveness, enhancing life expectancy and health across all age groups. Along with thatimprovising and promoting the bundled payment method to facilitate direct payment to packagedor organized systems of care could positively extend the incentives to the health care providers
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