Healthcare EconomicsThe U .S . government s decision to finance the wellness care services of the poor and the elderly can be attributed to the development role of the law . Medicare was designed to resemble the health plans of the downcast Cross and the Blue Shield (Bloche 2003 . Hospitals collaborated with physicians to enable health consumers to father protection from the monetary burden of unpredictable costs of health care without the price competition among healthcare providers . The role of government has step-up 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 establishment of retrospective cost reimbursement to prospectively inflexible 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 effectual cause . The government in this regard , lost the powers bewilder those available to private payers as protection from exploitationThe concept of the third party payment system revolves around the idea of pecuniary contributions are gathered from different types of population groups regard! less of the healthcare requirements of the population members (McPake 2008 . These financial contributions are in turn hoard 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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