Question

In: Economics

Spending on social programs like Medicare and Medicaid have increased greatly over time. Provide a brief...

Spending on social programs like Medicare and Medicaid have increased greatly over time. Provide a brief description of how you would evaluate spending on these programs to determine if they are socially useful.

Solutions

Expert Solution

Medicaid helped pay for the health coverage of more than 71 million adults and children with low incomes in October 2019. Medicaid accounts for a large portion of American births. Not every state publishes this data, but among the states that do, the rate of births supported by Medicaid is typically between 30% and 50%. The highest figure came from New Mexico, announcing that Medicaid supported 71 per cent of births in 2018. New Hampshire's lowest figure came-just 26 percent. The Affordable Care Act expanded coverage of Medicaid by 26%.
It increased the average level of income and provided for eligible single adults.

Public financing accounted for around 25 per cent of overall spending on health care in 1960. By 2002, this share almost doubled to around 46 per cent of overall spending. A substantial part of this increase is due to the implementation of Medicare and Medicaid programmes along with population ageing and the extension of coverage and benefits for the programme. The primary effect of rising government share of health care spending is the pressure that it puts on people to finance this spending, namely to boost taxes or increase long-term borrowing.

While decreasing the amount of money that businesses and households will have for certain purposes, tax increases often generate opportunities to participate in purposes to mitigate the consequences of such increases. Increased government funding to fund increases in health-care spending has a direct effect on capital access for other programs. As interest rates increase as a result of government borrowing, the cost of capital to businesses and households also increases, which will potentially crowd out investments in those otherwise undertaken activities.

Rahul Sunny answered 6 months ago
Next > < Previous

Related Solutions

Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no...
Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no more than 2 sentences). Then discuss 3 specific (non-age; non-financial) criteria for services from the program, for an older adult client. Be sure to cover service, length of time, provider types that may provide the service, the channels through which the patient may obtain each service.
Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no...
Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no more than 2 sentences). Then discuss 3 specific (non-age; non-financial) criteria for services from the program, for an older adult client. Be sure to cover service, length of time, provider types that may provide the service, the channels through which the patient may obtain each service.
Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no...
Please discuss only ONE: Medicare or Medicaid Give a brief description of Medicaid or Medicare (no more than 2 sentences). Then discuss 3 specific (non-age; non-financial) criteria for services from the program, for an older adult client. Be sure to cover service, length of time, provider types that may provide the service, the channels through which the patient may obtain each service.
Adult day care programs began more like a social model; however, over time, they have developed...
Adult day care programs began more like a social model; however, over time, they have developed as a medical model. Do you agree or disagree? Why? Adult day care is being described as gap filler between institutional and non-institutional care? Do you agree or disagree? Why? What population comprises the largest group receiving care in adult day care programs? Why? Do you think receiving patients with more medical problems has impacted adult day care services? Why? How has this effected...
The mandatory spending items (e.g. Medicaid, Medicare, Social Security) are increasing more rapidly than the discretionary...
The mandatory spending items (e.g. Medicaid, Medicare, Social Security) are increasing more rapidly than the discretionary spending portion of the budget. What reforms would you propose in order to constrain government spending and reduce the national debt? (The increases to Social Security are not supposed to be included in the U.S. national debt. The unfunded liability (future payments) for Social Security is supposedly held in the Social Security Trust Fund.)
A. Creating a single payer system by expanding existing government programs such as Medicare, Medicaid, and...
A. Creating a single payer system by expanding existing government programs such as Medicare, Medicaid, and SCHIP. B. Mandating insurance coverage either individually or through a place of employment. C. Expanding the use of market incentives to encourage and enable individuals to purchase insurance. D. All of the above. E. None of the above. Most Americans favor the idea of expanding insurance coverage to all Americans, but disagree on how to do it. The more popular options include which of...
Identify three major components of the Medicare and Medicaid programs and, based on these components, identify...
Identify three major components of the Medicare and Medicaid programs and, based on these components, identify at least two patient coverage gaps for each of the programs. Be clear when you describe the coverage and the gaps as they may relate to specific ages, patient populations, or disease entities. Use primary sources to identify the components and the gaps. Additionally, discuss your stand (criticize or defend) regarding the relevance of the Social Security program to the American public. Should the...
This week reflect upon the Medicare and Medicaid programs to address the following: Describe the Quality...
This week reflect upon the Medicare and Medicaid programs to address the following: Describe the Quality Improvement Organization (QIO) and explain how the QIO improves policies and healthcare for Medicare beneficiaries. Briefly define the qualifications for Medicare and Medicaid benefits. How can qualifications be modified to serve more people who are considered a vulnerable population? Discuss the impact (including at least two positive and two negative aspects) that the ACA has had on benefits and coverage for Medicare and Medicaid...
This week reflect upon the Medicare and Medicaid programs to address the following: Describe the Quality...
This week reflect upon the Medicare and Medicaid programs to address the following: Describe the Quality Improvement Organization (QIO) and explain how the QIO improves policies and healthcare for Medicare beneficiaries. Briefly define the qualifications for Medicare and Medicaid benefits. How can qualifications be modified to serve more people who are considered a vulnerable population? Discuss the impact (including at least two positive and two negative aspects) that the ACA has had on benefits and coverage for Medicare and Medicaid...
Prior to 1983, hospitals received reimbursement from governmental programs such as Medicare and Medicaid on a...
Prior to 1983, hospitals received reimbursement from governmental programs such as Medicare and Medicaid on a cost-plus basis. That is, if the hospital reported total costs of $100 to provide care for Medicare/Medicaid patients, it received $135 from the government (given a 35% cost-plus mark-up). After 1983, hospitals received reimbursement from governmental programs such as Medicare and Medicaid on a fixed-fee basis. That is, every time the hospital provided a particular type of care (for example, diagnosis and treatment of...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT