FHCE 2100 Lecture Notes - Lecture 24: Patient Protection And Affordable Care Act, Copayment, Defensive Medicine

• School: University of Georgia
• Department: Financial Planning, Housing and Consumer Economics
• Course: FHCE 2100
• Professor: Dr.Kabaci

Document Summary

Exam 2: class test average: ~82, curve: 2. 5 points. Read issue #5 to understand insurance & for the exam. Patient protection & affordable care act (i. e. , aca, obamacare) Admin costs: 1/4th of expenses, higher than any other country in the world, people needed to identify costs of services i. e. , duke hospital: 1300 people needed for billing, only 900 beds available for patients. Inflation: health management, overdose on antibiotics should just eat healthy, generic drugs are ~ 3x cheaper than brand name drugs. Defensive medicine - protecting him/herself against malpractice: may order more stuff than necessary to avoid being sued. Wages and work rules specialists command higher prices. Complexity of u. s. health care differentiated health care systems that deal with specific groups. Uninsured persons someone has to pay for their medical costs. Health care fraud medical personnel overcharge individuals (i. e. , epipen costs)