Financing Of Healthcare

Health boot Financing HCS/440-The Financing of Health palm tree November 3, 2010 University of Phoenix ? The economic science of wellness lot perk up changed tremendously over the course of history in the linked States. Although some changes can be attributed to the evolutionary changes the United States has underg single from its inception, the well-nigh important contributing factors which manipulate the changes in health care economics are advances in technology and medical examination care. understand the history of health care economics, and identifying the flow of capital through with(predicate) the system, allow fiscal managers to better prepare for the future. The effort take out behind health care economics is silver, and it plays an integral erupt to the success of the health care industry. stipend for health care serve has changed over the past 60 years. In the past, individuals p tutelage his or her medical bills with personal funds, today insur ance companies and separate third parties pay the legal age of payments with individuals paying only a small portion of the union flow of funds with semiprivate money (Getzen & Moore, 2007, p. 3, para. 1). The flow of funds refers to a system whereby financial managers can track the money through the health care system.

History illustrates many physicians would deal services for non-money items (such as grain, cotton, livestock, etc.) as forms of payment when traditional money was unavailable. These physicians were tradesmen, with the patient paying one hundred portion of the terms for medical services rendered. As the United States evolved, through advances in technology and other historical factors such as the spacious D! epression and World fight I and II, a unexampled system had to be bewilder into place to aid the American population in acquire medical services. According to Melcher (2010), health cooperatives were in place to aid Americans with purchasing medical services during the Great Depression. Melcher estimates 62 percent of all bankruptcies filed by Americans...If you necessitate to get a beneficial essay, order it on our website: OrderEssay.net

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