I have attached two files. The first file is an essay. The second file is the assignment I need to be done. The assignment is going to be based on the essay which is why I attached it there for you.
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The Problem of the Rising Cost of Healthcare
The problem of the ever-increasing costs of medical care impacts both the community of health scientists and the general public. Various variables contribute to the rise in the price of healthcare, including the rising cost of medical supplies and the growing number of people who either do not have health insurance or do not have adequate coverage for their medical needs. Several potential remedies to this issue include:
Raising the number of funds allocated to public health programs.
Offering tax advantages to individuals who acquire health insurance.
Increasing the amount of control placed on the healthcare business.
Increasing financing for public health programs is the first thing that needs to be done to address the issue of the spiraling cost of medical care. Programs in the realm of public health are developed to improve and preserve the health of the populace as a whole. They offer various services, including vaccinations, screenings, and educational opportunities. Suppose we can raise more money for programs that promote public health. In that case, we can ensure that a more significant number of individuals have access to these essential services (Reinhardt et al.)). In the long run, this will help to contribute to a reduction in the overall cost of healthcare.
One other strategy for lowering the expense of medications on prescription is to encourage the usage of generic medicines. We need to come up with strategies that will bring down the price of health insurance. Developing a public health insurance alternative is one strategy to accomplish this goal. Subsidies for those who are financially unable to get health insurance are yet another method that can be utilized to reduce the overall cost of health insurance. Finding solutions to lower the cost of medical care is a priority for our organization. One strategy for achieving this goal is to raise awareness about the need for preventative care. Providing financial incentives to healthcare professionals that give outstanding care is yet another method that can bring down the overall cost of medical care. Finding means to improve the effectiveness of the healthcare system is a priority for us. One strategy for achieving this goal is to encourage the usage of various forms of information technology.
Increasing the use of medicine supported by scientific evidence is another strategy for making the healthcare system more effective. Finding new ways to enhance the standard of care provided in hospitals is a priority. One strategy for achieving this goal is to encourage the practice of medicine supported by evidence. Providing financial incentives to healthcare providers that give outstanding care is another strategy that may be utilized to improve healthcare quality (Brownlee et al.). The expense of long-term care needs to be brought down to a more manageable level. One approach that could be taken in this direction would be to encourage home health care utilization. Providing subsidies to individuals who cannot pay for long-term care is an additional method that can be utilized to bring down the cost of such care. Strategies must cut down on the expense of end-of-life care. One strategy for achieving this goal is raising awareness about hospice care's benefits.
One further strategy that may be implemented to assist in lowering the overall cost of end-of-life care is the provision of financial assistance to patients who cannot pay for such treatment on their own. We need to find ways to reduce the costs of providing medical care to older individuals and do so as soon as possible. One strategy that may be implemented to move in this direction would be to promote the utilization of home health care services. Another option for minimizing the cost of medical care for the elderly is to provide financial help to people who cannot manage the cost of medical care (Burwell and Sylvia). Finding ways to reduce the financial burden of providing medical care for children is a priority for our organization. To accomplish this objective, one of the strategies that can be implemented is to increase knowledge about the importance of preventative care. Another way to reduce the overall cost of medical care for children is to provide financial support to families that, for whatever reason, are unable to manage the cost of medical care.
The provision of tax benefits for individuals who acquire health insurance is an additional solution to the problem of the rising expense of medical treatment. This would serve as an incentive for more people to get health insurance, which would assist in bringing down the number of those who are either uninsured or have inadequate coverage. This would also help to contribute to the overall reduction of costs associated with medical treatment. Increasing the amount of technology used in providing medical treatment is one possible approach that may be taken to resolve this issue. Both the amount of money spent on medical supplies and the amount of time spent on medical treatments could be cut down with the help of technology (Tian et al.). In addition, technology can help to improve the quality of care by giving both patients and medical professionals with access to additional information. Increasing the number of primary care practitioners is another potential solution to the problem of rising costs associated with medical treatment. The number of unneeded trips to specialists and the total cost of care can be lowered with the assistance of primary care professionals. In addition, primary care providers are in a unique position to assist in improving care coordination among the various providers.
Instead of paying for the number of services received, paying for the quality of those services may be beneficial. Put another way; patients should not just be paying for services; they should be paying for results. This will push healthcare providers to focus on providing effective care instead of simply giving more care, which would be a positive development. We can further reduce the cost of medical treatment by cutting down on the quantity of trash produced by the system. According to the findings of a recent study, up to 30 percent of the money spent on health care is frittered away on tests, treatments, and unnecessary administrative fees. Altering how we pay for medical treatment is another approach that can be taken to combat the spiraling expense of medical care (Alami et al.). At the moment, the majority of medical professionals are compensated on a fee-for-service basis, which indicates that they receive payment for each specific service that they render. Because of how this system works, healthcare professionals are incentivized to supply patients with more treatments, even if the patient may not require all those services. This may cause an increase in the expense of receiving medical care. Moving toward a value-based payment system, in which providers are paid based on the quality of care they deliver as opposed to the number of services they offer, is one potential approach that might be taken to address this issue. This would give providers an incentive to concentrate on quality, as opposed to quantity, and potentially result in decreased costs associated with health care.
Increasing the amount of regulation placed on the healthcare business is the last possible solution to the ever-increasing cost of medical treatment. This would assist in reducing the likelihood of healthcare providers inflating the prices they charge for their services. It would also help ensure that medical professionals provide high-quality patient care. We can contribute to a decrease in the cost of healthcare for the general population by stepping up our efforts to regulate the healthcare business. Increasing the healthcare system's effectiveness is another strategy for lowering the overall expense of medical care. This can be accomplished by establishing more reliable communication channels, enhancing coordination between the various healthcare providers, and using information technology to handle patients' medical files. It is also necessary for us to discover strategies to lower the prices of prescription medications. One strategy for achieving this goal is negotiating price reductions with pharmaceutical corporations.
In conclusion, the significant challenge that the health science community is currently confronting is the continuously rising expense of medical care. There are many different approaches to lowering the cost of medical care; however, we need to zero in on the most successful ones. These are but some of the possible responses to the spiraling costs of medical care. It is essential to remember that no solution to this issue is universally applicable to all situations. Implementing several solutions adapted to the requirements of each healthcare system is the most effective strategy to deal with the spiraling expense of medical care. Each of these potential solutions has the potential to contribute to a reduction in the overall cost of medical care. However, a mix of all potential options will likely be the most productive course of action. We can contribute to slowing down the rate at which healthcare costs are increasing by raising the amount of money allocated to public health programs, offering tax benefits to individuals who buy health insurance, and increasing the amount of control placed on the healthcare business.
Works Cited
Alami, Hassane, et al. "Rethinking the electronic health record through the quadruple aim: time to align its value with the health system." BMC medical informatics and decision making 20.1 (2020): 1-5.
Brownlee, Shannon, et al. "Evidence for overuse of medical services around the world." The Lancet 390.10090 (2017): 156–168.
Burwell, Sylvia M. "Setting value-based payment goals—HHS efforts to improve US health care." N Engl J Med 372.10 (2015): 897-899.
Reinhardt, Ronny, and William J. Oliver. "The cost problem in health care." Challenges and Opportunities in Health Care Management. Springer, Cham, 2015. 3-13.
Tian, Shuo, et al. "Smart healthcare: making medical care more intelligent." Global Health Journal 3.3 (2019): 62–65.
