EXPLAIN WHICH STAKEHOLDERS SHOULD MAKE HEALTH CARE SPENDING DECISIONS AND WHY.In 2008, the average premium for a family plan purchased through an employer was $12,680, nearly the annual earnings of a full-time minimum wage job (Halle & Seshamani, 2009, Introduction, para.

EXPLAIN WHICH STAKEHOLDERS SHOULD MAKE HEALTH CARE SPENDING DECISIONS AND WHY.In 2008, the average premium for a family plan purchased through an employer was $12,680, nearly the annual earnings of a full-time minimum wage job (Halle & Seshamani, 2009, Introduction, para.

No one is immune to the rising costs of health care. Consider the following news stories:

œIn 2008, the average premium for a family plan purchased through an employer was $12,680, nearly the annual earnings of a full-time minimum wage job (Halle & Seshamani, 2009, Introduction, para. 1).

œPresident Obamas health care law is putting new strains on some of the nations most hard-pressed hospitals, by cutting aid they use to pay for emergency care for illegal immigrants, which they have long been required to provide (Bernstein, 2012, para. 1).

œDoctors in America are harboring an embarrassing secret: Many of them are going broke. This quiet reality, which is spreading nationwide, is claiming a wide range of casualties, including family physicians, cardiologists and oncologists¦Doctors list shrinking insurance reimbursements, changing regulations, rising business and drug costs among the factors preventing them from keeping their practices afloat (Kavilanz, 2012, para. 1, 2, 5).

In this Discussion, you examine the overall state of health care costs in America, the different factors impacting the finances of health care organizations, and the effect of rising costs on all stakeholders.

To prepare:

Review the Learning Resources on the level of health care spending in the United States.

Consider the ramifications of continuing at this level of spending as well as issues involved with reducing spending.

Reflect on which stakeholders (payers, providers, and the general population) should be responsible for making decisions on health care spending.

I need to Post an assessment of the consequences (on payers, providers, and the general population) of continuing current levels of health care spending in the United States as well as the potential consequences of reducing the level of spending. Explain which stakeholders should make health care spending decisions and why.

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Read a selection of my colleagues responses and Respond to at least two of your colleagues on two different days using one or more of the following approaches:

Ask a probing question, substantiated with additional background information, and evidence.

Offer and support an alternative perspective using readings from the classroom or from your own review of the literature in the Walden Library. (I will send the responses soon)

Validate an idea with your own experience and additional sources.

Required Readings

Baker, J., & Baker, R. W. (2014). Health care finance: Basic tools for nonfinancial managers (4th ed.). Burlington, MA: Jones and Bartlett Learning.


 

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