PHSC 2 Lecture 4: PHSC 2 L4
Document Summary
American"s less likely to see doctors and more likely to be unhealthy. #1 reason people go bankrupt = unable to pay health care. Lower administrative costs but multiple ways to look at spending (percentage of medicare cost. Or actual amount of dollars spent on medicative cost) Providers need to expand ability to be able to deliver health care. Lose motivation to scientifically advanced/clinical trials/drug development. Public sector = federal, state, local taxation. Private sector = employers, individuals, foundations, and donations. Specifically financial risk associated with health services. Not the risk of becoming ill or injured. Spreads infrequent large losses over a wide base. Bears and transfers risk from insured individuals to insures. Employs concept of pooling of resources to assure safety and solvency. Risk is unpredictable for the individual insured. Risk is predictable with a reasonable degree of accuracy for a group or population.