Healthcare Policy

The HITECH Act
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The HITECH Act

The Health Information Technology for Economic and Clinical Health Act (HITECH Act) he Health Information Technology for Economic and Clinical Health Act (HITECH Act) was a part of the stimulus package (American Recovery and Reinvestment Act) passed in 2009. The act allocated $27 billion for the government to spend on “meaningful use” of Healthcare Information Technology….

Introduction to Pharmaeconomics
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Introduction to Pharmacoeconomics

Introduction to Pharmacoeconomics Medications are the most widely used clinical intervention. The U.S. spends more on medications per capita than any other country but hasn’t been able to show better outcomes. History of Major US Drug Policies 1906 – The market is flooded with patent medicines which were sold freely and did not need to…

Health Insurance
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Health Insurance (Pre-ACA)

Health Insurance (Pre-ACA) Types of Insurance Coverage (non-elderly 2012) Employer Sponsored 58.4% Self-Pay 7.3% Medicaid 17.7% Medicare, Veterans Administration, Other 4.9% None 17.7% efore the Affordable Care Act, there were three types of private insurance markets, which were regulated by the state. Large Groups (most large employers do not buy their own insurance, they are…

Introduction to Private Health Insurance

Introduction to Private Health Insurance  During the Post Civil War Era: There were prepaid sickness funds, medical funds for specific industries such as railroads and lumber. This was the only form of health insurance at the time. The first Blue Cross plan began for a teachers union in 1929, soon followed by Kaiser Permanente in…

History of Financing in Healthcare

History of Financing in Healthcare 1940s – During WWII, there were price freezes so when employers wanted to employ the few remaining workers, they offered health insurance as an incentive. This was important to workers because hospitals and treatments had become expensive. 1960s – The U.S. launched a “War on Poverty” and many of the poor were…

Economics of Healthcare
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Economics of Healthcare

Economics of Healthcare Markets and Market Failure in healthcare In most markets, demand and supply functions determine market equilibrium (price and quantity of goods produced). But there is no demand for healthcare without consulting a physician first. This results in a market failure. Physician Agency Patients rely on physicians to tell them what medication to…

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