EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN: 9781337668279
Author: Henderson
Publisher: YUZU
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Chapter 12, Problem 1QAP
To determine
To comment on the given statement.
Expert Solution & Answer
Explanation of Solution
The proposal to increase Medicare cost sharing (increasing premiums, deductibles and coinsurance) will have devastating effects toward the elderly poor, who need medical services.
The proposal of Medicare cost sharing in strengthening the Medicare industry has impacted the elderly poor negatively.
Due to the increased premiums, deductibles, and coinsurance, the elderly people have to go through financial hardships in receiving the medical services that they need.
This proposal is to be implemented to carry out proper development and maintenance within the hospitals or other medical service providers.
The elderly poor who are not in a situation to settle such premiums, deductibles, and coinsurance will have to suffer from this since failure to do so will lead them towards settling the amount in full in an urgent sickness.
It will also demotivate them from getting their daily or monthly checkups. Therefore, it is evident that the government should take the initiative in supporting and fulfilling the medical requirements of such individuals by providing a relief for such patients financially, since it is crucial in developing a healthy nation.
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Chapter 12 Solutions
EBK HEALTH ECONOMICS AND POLICY
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