Made the price transparent to the consumer allowing them to know what they paid and what the insurance paid to the doctor
· He established or expanded over 1200 community centers in poverty areas.
· Increased the NIH funding to allow for more research which led to the creation of the HPV vaccine
· Helped displaced workers by expanding the Trade Adjustment assistance program.
· Passed the medical liability reform which cut down on frivolous lawsuits that drove of health care cost
· Provided additional assistance to low income Americans
Identify the allocations of financial and other resources that the current and two previous presidents dedicated to this issue.
2020 budget 87.1 billion for HHS and a 248.8 billion in net health savings with focus on combating the opioid epidemic, addressing mental health, decreasing prescription cost, expanding asceses to health plans, expand Medicaid, reduce wasteful medical spending, improve the integrity of Medicare, Medicaid, and CHIP, asceses to new technology, end HIV in America, prioritize health research, better funding for emergency preparedness, and aid with older Americans,
2016 budget allocated 1,106 billion at 27% of the budget to healthcare and Medicare
He cut costs to Medicare at 182.7 billion over a five-year period and 17.4 billion in Medicaid. He scaled back on what doctors, hospitals, and nursing homes were being compensated.
Explain how each of the presidential administrations approached the issue.
Trump dismantled Obama care stating that it was overpriced insurance that was not beneficial to the consumer. He rid of the tax fee that was mandated for those who did not have insurance. He works to get cost of insurance down while increasing the quality of services provided to the everyday consumer. His goal is to have the consumer have a transparent view of what they are paying for before they buy.
Obama wanted to make healthcare obtainable to everyone. He made a marketplace and required everyone who could afford healthcare to purchase some form of plan, if you did not buy this plan you were slapped with tax penalties. His thought process in this was more people will be in the marketplace, making more money for insurance providers, and this will ultimate drive down the cost of insurance. He made money available to those who needed assistance with buying insurance
Bush was in an economic downfall. He was trying to help provide affordable healthcare to those who needed it, but the money was not there to fulfill all his goals. He cut cost to two of the most important insurance providers to Americans.