Economics and Change - 1471 Words

Economics and Change Dimensions of Professional Practice 08/02/2015 Economics and Change Introduction Health care in America is at the center of controversy. It is a progressive and rapid changing entity. Since the 1970s, America has seen many different types of programs and funds created to help solve the issue of the cost of health care. Many of these programs are on the brink of bankruptcy and have not done far enough to make it more affordable and assessable. Actually America has the most expensive healthcare system in the world and not only is it the most expensive, but in many areas such as quality of care, America is no where near the top among developed countries (Davis, Stremikis, Squires, amp; Schoen, 2014).†¦show more content†¦This approach would greatly benefit people that are already under some type of government healthcare because the government would find the best companies to work with in order to provide all types of care from a routine visit to hospice. These companies would then charge the government only for the services provided. This is where there is a big problem. Right now pricing for most of American health care comes from a small group of doctors called the Specialty Society Relative Value Scale Update Committee or RUC (Munro, 2013). This is problematic because this committee is deciding the prices rather than the actual cost of products. If this process was changed then people could use rationalization to determine that a government ran universal healthcare system would be in the best self-interest. Healthcare Committee Committees are very important in improving and discussing ways to improve healthcare in America. There are many different types of committees that would be assembled, but the most important one would be one to replace the RUC. An example of what is wrong with the RUC is demonstrated in a balloon needed for sinus surgery. The balloon itself costs 2,600 dollars to be made. The RUC priced it at 3,000 dollars for each procedure. This balloon can be used up to 6 times before a new one must be used. Six procedures could be done with one balloon that costs 2,600 dollars and Medicare willShow MoreRelatedEconomics and Changes1280 Words   |  6 Pagesof the temporal and PEST environments interact to influence the situation described in the case. Change is unavoidable in the existence of an organization. Nowadays, most of the organizations in the business world are facing changing business environment. There is no way to avoid either change or die. The major forces which make the changes not only desirable but inevitable are technological, economic, political, social, legal, international and labor market environments. The case in this assignmentRead MoreThe Economics Of Climate Change1400 Words   |  6 PagesThe Economics of Climate Change The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. Spending towards research and regulation of climate change at both the national and international level are very important in determining current and future business trends. Economists and scientists worldwide continuously debate the pros and cons of emissions reductionRead MoreThe Economics Of Climate Change1384 Words   |  6 PagesTristan Ridley English 102 Professor Pontillo 28 January 2016 The Economics of Climate Change The world economy is a very complex system; in the system harmful externalities disrupt capital flows and determine economic productivity. Most notable of these externalities is inadvertent global warming. 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