Choose one of the followingthree policies related to health care reform that influences the economy: 1.Individual Mandate 2.Cost-Sharing Reduction Payments toInsurers 3.Meaningful Use—Electronic Health Records(EHRs), HITECH Act) Write a paper of 1,000-1,250 words, not including the title andReferences page that analyzes the chosen policy. Include the followingin your paper: 1.Summarize how key elements of health care reform impact theeconomy on a macro level. 2.Research the governmental policyprocess that was involved with the development, implementation, andassessment of the chosen policy. Explain how the governmental policyprocess affected the way the policy was developed, implemented, andassessed. 3.Explain how the policy proposal you selected mayimpact three major stakeholders within the health care system (e.g.,consumers, insurers, hospital systems). Cite a minimum of five references to support your rationale. Prepare this assignment according to the guidelines found in the APAStyle Guide, located in the Student Success Center. An abstract is not required. This assignment uses a rubric. Please review the rubric prior tobeginning the assignment to become familiar with the expectations forsuccessful completion. You are required to submit this assignment to LopesWrite. Please referto the directions in the Student Success Center. This assignment assesses the following programmatic competencies: MPA 4.5: Analyze how the governmental policy process informs thedevelopment, implementation, and assessment of policy within health care. ANSWER Introduction The chosen policy is cost-sharing reduction payments to insurers. Most times, cost-the policy refers to extra savings provided to health insurance companies. From these funds, patients looking for various healthcare services from accredited healthcare facilities get discounts, thus lowering the medical expense costs, for example, copayments, coinsurance, and deductibles (Kominski et al., 2017). The policy for the cost-sharing reduction was established by the government as a healthcare reform model primarily to reduce the costs of healthcare. Consequently, the goal was to increase the overall number of people accessing affordable healthcare. Crafted under the ACA (Affordable Care Act), this policy was established to provide and boost the overall health care quality in the U.S. (Hoffman, 2018). The focus, therefore… Key Elements of Healthcare Reform Healthcare reforms refer to practices of processes targeted at changing the system, as well as how they work in improving the healthcare quality. These policies and changes are made by the government to the delivery system of healthcare, at any given time. Some of the key elements of healthcare reform are as follows: · A reduction of the costs people use on health care · Focuses on ensuring patients access better healthcare · People get advanced healthcare, thus improving the overall healthcare quality · An increase in the overall number of healthcare institutions and providers To begin with, healthcare reforms in the U.S. is important to the economy across the country, especially at the micro-level. While Americans may not feel the implications of these reforms on this level, they tend to negatively and significantly impact on the country’s economy, in the long run. In this case, reforms in health care create job opportunities, specifically for healthcare specialists and providers, which boosts the country’s labor supply (Brot-Goldberg et al., 2017). Without these reforms, thousands of trained practitioners will be without jobs denting the economy, in the process. By creating more job opportunities through these reforms, Hoffman (2018) emphasizes that there will be economic stability and the playing field will be bigger for businesses and the job market. Secondly, the creation of healthcare reform is meant to reduce healthcare costs. This goal is critical to the economy of the country as it ensures the Federal budget deficit does not widen (McKenna et al., 2018). At the same time, Hoffman (2018) added that a slight reduction in the healthcare costs in the U.S., for example, by 1.5% yearly, would increase the country’s GDP by 9% by 2030. Therefore, without this reform, the country’s… |
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