Do you know about - Do the Numbers Add Up Or is it an additional one New Math?
Health Insurance New York! Again, for I know. Ready to share new things that are useful. You and your friends.I do not ask the need for condition care reform in the Us. What I ask is the real cost of the condition care reform bill recently beloved by 60 Senators.
What I said. It is not outcome that the real about Health Insurance New York. You look at this article for facts about what you need to know is Health Insurance New York.How is Do the Numbers Add Up Or is it an additional one New Math?
Let us take a microscopic to put cost into perspective. Once a cost is incurred, it has to be paid for in some way by someone. If not, cost turns into unpaid debt with its own supplementary related cost in the form of interest. Under this scenario, if left unpaid costs only continue to go up as the interest cost continues to grow.
Then, there are real cost savings which are derived by cutting cost from an existing stock or aid that already is in place. There also is cost avoidance which would occur when a stock or aid is not put into place. That cost may just be deferred until a later date or it could be deferred indefinitely. Finally, there is cost shifting, or cost reallocation, which occurs when the cost burden is transferred from one product, one aid or one party to another.
So let us take a look at some of the statements being made by the government about the new condition care bill to try and conclude what kind of costs we are seeing at down the road. The cost of the bill beloved by the Senate is stated to be 1 billion. Cost savings numbers recently quoted in the New York Times allude to a deficit discount of "2 billion over the next decade and approximately trillion over the following decade."
Before trying to conclude whether there may be some real savings in the future, or whether we are dealing with "smoke and mirrors," let us take a look at some other government statements and statistics. Reportedly the condition care bill includes a provision to cut payments to Medicare providers by 0 billion dollars. This may be a real cost savings if it can be controlled, but at what cost to the patient? The key as to whether or not these savings are real must take into consideration the true quality of care and the recurring costs to the condition care theory if quality of services provided are reduced.
Just take a look at the quality of products when cost cutting is undertaken just to sacrifice costs! quality typically deteriorates to the detriment of the consumer. The real savings also must take into consideration that the Medicare population -- those 65 and older -- is projected to increase by more than 20 million population within 10 years. That is an increase from about 40 million to about 60 million people. Net, net the Medicare coverage will have to contribute for a 50% increase in eligible people, while salvage 0 billion. Nice trick if you can do it!
Reportedly, the bill also proposes to add condition care coverage for an supplementary 30 million people. Seems like that would add a considerable whole of real cost to the system. It also has been reported that the government will wish about 47,000 employees on staff to administer and operate condition care. I am assuming that those population will have to have office space and that they will earn a salary. Appears as though that amounts to incremental real costs versus today.
Finally, it has been reported that the Senate and the House will have to negotiate to conclude their differences. Two considerable differences in the middle of the Senate and the House versions chronicle to: (1) "which taxes to raise to pay for the expansion of medical assurance coverage since Medicare was created in 1965" and (2) "how the 0 billion cuts to Medicare providers will be enforced." (Source: New York Times)
Some of the pundits in Washington also have said that the bill provides the opening for every person in the age bracket of 55 - 64 to join Medicare. This opening is being provided as those in Washington believe that Medicare has been successful and cost effective. The facts are that Medicare was founded in 1965. Forty years later, in 2005, the cost of the schedule has risen more than one hundred fold -- from about billion in 1965 to in excess of 0 billion in 2005. This year it is projected to cost in excess 0 billion. In increasing we keep hearing that the Medicare program, like public Security, is projected to run out of money in the not too distant future.
I do not see much in the way of real cost savings. What appears to be on the horizon is a lot cost reallocation in the form of new taxes on businesses including possible penalty taxes. And let us face reality, the businesses are going to pass on their costs to the buyer so where are the cost savings? Also, persisting increases in Medicare premiums, and an intangible cost in the form of reduced services to those insured by Medicare, all seem to add to cost rather than reducing costs.
Taking a look at the reported statements and the numbers related to projected "savings" one can only ask what is real and what has been included in someone's "wish list" or "sales pitch." So the ask is, "Does anything well understand the numbers, and does anything well care?"
I hope you get new knowledge about Health Insurance New York. Where you possibly can put to utilization in your day-to-day life. And most importantly, your reaction is Health Insurance New York.Read more.. Do the Numbers Add Up Or is it an additional one New Math?. View Related articles related to Health Insurance New York. I Roll below. I even have recommended my friends to assist share the Facebook Twitter Like Tweet. Can you share Do the Numbers Add Up Or is it an additional one New Math?.
No comments:
Post a Comment