Public health care policy
The subject of public health care policy is much debated and researched in the USA.
There are many sources of information available on this exciting subject, including blogs and other news sites, as well as certain research institutions dealing with this subject.
Recent researches in public health care policy has come up with the following interesting findings, which shed some light over the topic of public health care policy:
• Public plans have greater potential to drive the quality revolution than do private plans. Medicare is seen as leading the private insurance industry regarding the development of practice guidelines and quality measurements.
• Public health insurance plans has a much greater bargaining power than private health insurance plans. For example, Medicare pays physicians 19 percent less than private insurers, yet, 97 percent of doctors are taking Medicare public plan patients.
• Insurance company (including health care insurance providers) and hospital profits have skyrocketed. To illustrate this point, research found that the combined profits of 14 of the country’s largest private health insurance companies rose from $3.5 billion in 2000 to $15 billion in 2007 , constituting an overwhelming increase of 330 percent.
• Medicare has controlled health care costs much better than have private Health insurers over the last 25 years.
• Administrative costs are much lower under public health insurance plans- The administrative costs and profits of Medicare plans, run by private insurers, were 11 percent of spending in 2005. Contrast that figure with Medicare’s public plan, which had administrative costs of less than 2 percent.
• A new public plan is likely to offer people more choice – public or private insurance – as well as a much broader access to the much sought after health care providers.
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