Abstract There is a high demand for health care services, supply, the price of health care procedures, and shortages. The price for health care services can be very high because the demand is high. There was recently a health care reform. Meaning, that health care insurance is more affordable. Giving consumers that need extensive health care services, affordable insurance will bring the demand for health care to increase. With more consumers seeking health care services we have to increase our supply of doctors, nurses, and hospital services including procedures and testing. But is that possible or even realistic? The purpose of this paper is to analyze the supply and demand of health care. The Supply and Demand of Health …show more content…
Anyone can now buy insurance even with pre-existing conditions. Now a consumer can walk into a health care facility and be treated like a regular insured consumer. This is an example of how the demand for health care services will increase. Consumers who are used to getting care promptly will find themselves crowded out by the newly insured. Waiting times will increase due to the fact that no one will be denied care. Despite the best efforts of medical professionals to increase the workforce, shortages are expected in every health care profession. The supply of professional health care workers will fail to meet the demand of medical services to the newly insured. With the increase use of physician assistants and nurse practitioner, this will change day to day practices, allowing physician assistants to treat more patients and nurse practitioners to set up independent practices. …show more content…
The money spent today on being healthy can be beneficial in the future. Cigarette smoking is linked to lung cancer and then to mortality. If you compare the two similar individuals of the same age, one who is a smoker and the other a nonsmoker, then the mortality rate for the smoker is higher. This does not mean that the smoker will die before the nonsmoker. It means that all else being the same, smoking increases the probability of death. Refraining from smoking is a type of health investment for your future. If you get sick, you are more likely to get purchase health care at any price. (http://2012books.larbucket.org/books/theory-and-applications-of-economics/s20-01-supply-and-demand-in-health-ca.html) Without insurance you are more likely to trade off spending on other products to get the proper health care that you need. Consumers that have insurance supplied through their employer pay a cheaper price for health care services versus consumers that purchase insurance from independent
While the demand of healthcare need increasers the United States facing a physician shortage. In recent years the number of nurse practitioners (NPs) and physician assistants (PAs) has significantly increased and they are taking the part in providing healthcare cervices to the majority of patients. I believe nurse practitioners and physician assistants can practice independently from doctors and be free of oversight. Expanding the scope of NPs and PAs is essential to overcome the healthcare crisis we are facing; it will increase patient satisfaction and stabilizing the healthcare economy.
This paper will look at the impact of Affordable Care Act on supply and demand in healthcare. The goal is to show if there is equilibrium of supply and demand since the Affordable Care Act was enacted. This has been done by looking at a variety of articles such as The Impact of the Affordable Care Act on the Health Care Workforce. The Affordable Care Act has created provisions to address some of the supply shortages. Through the provision it will take time for the full effects to come to light. This paper will provide valuable information regarding the Affordable Care Act impact on supply and demand.
With this amount of surplus in insured patients, health care workers and professionals will be in greater demand, especially primary care providers. This may cause a longer wait period to see ones’ primary provider or a specialist. There will also be a decrease in treating preventative care.
The Affordable Care Act (ACA) will cause a large influx of patients into the health care system. For a variety of reasons, this will change how the front-line health care personnel provide care. Nurses will expand his or her scope and territory of care. Front line providers will change to include more advanced practice nurses because of the national shortage of primary care providers ("Department Of Health And Human Services," 2014). No longer will they just practice in brick and mortar hospitals. Because of the recently instituted Medicare, reimbursement regulations after patients are discharge from the hospital more nurses will be in the field performing well patient checks. These nurses will ensure the follow through of discharge
The Obamacare/ACA, might have helped numerous of individuals in acquiring health care, but the health professionals are facing a shortage of reimbursement difference for their services. As a result, Hospitals and healthcare providers were force to layoff personal and come up with innovative solutions. This point is proven by the renowned author, Amy Anderson by stating as follows: “The American health care framework has had shortages of personnel for quite some time and would not be prepared to give the adequate service to this amount of patients in need of medical attention. Training new professional health services personnel could take years. There is a shortage of graduates from medical and nursing schools. Doctors, nurses and health professional are sharing responsibilities prospective patients will face a longer wait time”. (Anderson, 2014)
The cost of healthcare is on the rise and the demand for services has increased of required and
Demand is simply defined as goods and services that people are willing and have the ability to buy during a certain time at various prices. Demand in this study will be the request of the patient for medical services. The physicians demand estimates are focused on the recent utilization of healthcare and the delivery patterns. A current pattern of the utilization of physician services is observed as the level of services for what the U.S is willing and able to pay. The demand determinants are based on future demand trends in one of the
Today, health care issues within the United States are still a major concern in regards to where people of our communities do not always agree with what is being done and what is not being done. The three major issues with health care spending is how much is it going to cost and where is the money going to come from? The amount of per-patient costs have doubled more in the United States than other nations around us. The last issue is the amount of Americans that has no health care at all. This paper will discuss the healthcare expenditures that is necessary for our entire population.
With an estimated of 32 millions Americans are expected to gain health insurance through the Affordable Care Act, a sizable workforce will be needed to meet the demand. According to Anderson, the healthcare workforce has been facing a critical shortfall of health professionals (2014). Based on the report that was conducted by Association of American Medical Colleges (AAMC), the United States will face a shortage of more than
The Affordable Care Act (ACA) introduced by the Obama administration is expected to provide health insurance benefits to approximately 30 million Americans. Nonetheless, coverage expansion is not synonymous with actual care expansion, and this dissimilarity is becoming much clearer. When the national health law was passed by Congress, it unleashed tsunami mayhem of insured new patients and a consequent flooding of a system of deliver that was already fragile and strained. For decades now, the American health care system has experienced exponential workforce shortages and is hardly prepared to meet the huge influx of patients efficiently or effectively. Successful training of new nurses, physicians as well as other health care professionals takes several years or eve decades. With less graduates from medical and nursing schools and an increase in innovation for sharing responsibilities and roles among doctors, nurses and other medical personnel, patients and families will be susceptible to extended wait times, extreme difficulty in accessing healthcare providers, shorter time with providers, further costs and other new frustrations with health care delivery (Anderson, 2014).
Healthcare reforms including Obama Care, formally named the Patient Protection and Affordable Care Act greatly impacts physicians and nursing shortages. There are several provisions which could direct impact physicians and nurses through incentives for potential recruitment, grants, training and retention. Through potential initiatives, the act may indirect effects that may question or present new reimbursement alternatives and models of health care delivery options. Healthcare reforms will allow millions of additional working as well as no working Americans to obtain healthcare coverage and this
The overall health care industry has undergone fundamental change over the last decade. Most of the changes have occurred within the underlying business operation of the healthcare industry. Legislation in particular has had a profound impact on the health care industry. First, due to the Affordable Care Act of 2010, the nursing profession is undergoing a fundamental shift in regards to the patient experience. The U.S. health care system is now shifting the focus from acute and specialty care to that of primary care which requires a shift in business operations. Also, due primarily to that aging of the baby boomer generation, the need for primary car overall is shifting and will be needed heavily in the future. The last 10 years in particular has seen an increasing influx of retiring baby boomers that subsequently need care. A positive impact on the ACA legislation is that more individuals are now insured. As such, the need for primary care will also increase over subsequent years, particular within the minority population. This patient centric approach will require more care predicated on specific communities in a seamless manner. Furthermore, primary care physicians will be in high demand over the coming years.
In other words, more people are receiving healthcare benefits due to the Affordable Care Act. In fact, ever since the act was passed, millions of Americans are finally able to afford health insurance, increasing the total number of physician and emergency visits for this non-profit. The increase in health insurance raises the total amount of revenue at Yale New Haven Hospital on a yearly basis. Therefore, the demand theory within this organization is constantly in full
“Since 1990, an average of 85 percent of the population has been covered by some form of health insurance, making health care available to the vast majority of the population. At the same time, real per capita disposable income has increased steadily, growing 16 percent between 1990 and 1999, making it easier to pay for non-covered health care with out-of-pocket resources, thereby increasing the demand for such care.” (Projected Supply, Demand, and Shortages, 2002)
Research suggests that demand for primary care physicians will increase 14 percent from 2010 to 2020—while primary care physician supply will increase by just 8 percent (U.S. Department of Health and Human Services, Health Resources and Services Administration, National Center for Health Workforce Analysis) —creating greater demand for interdisciplinary, team-based approaches to deliver primary care services (Doherty RB & Crowley RA, 2013). Pharmacists are increasingly providing direct patient care based on state scope of practice regulations in a variety of settings spanning inpatient, outpatient, and community pharmacies. Community pharmacists are among the most accessible healthcare practitioners, with 93 percent of Americans living