A look at the economic consequences of moving health care benefits into managed care organizations (MCOs).
Written in 2005; 1,254 words; 5 sources; MLA; $ 42.95
Paper Summary:
The American health care system has been at the center of debate for many years. One of the most pressing issues confronting the health care system involves Medicare and its beneficiaries. This discussion focuses on the ramifications of moving Medicare beneficiaries into managed care organizations (MCOs). The paper illustrates that moving the Medicare beneficiaries into MCOs is a bad idea because there will not to be any real cost savings, and many individuals are likely to be denied needed care.
From the Paper:
"An article found in American Economic Review explains that Medicare is the second largest government entitlement program in the United States. The cost associated with running this program is astronomical. The article asserts that in 1999 the government spent $230 billion or 13% of its budget on Medicare and its beneficiaries. (Antos and Bilheimer) The major issue with Medicare is that it is expected to grow exponentially in the next few years due to the aging population. It is estimated that 47 million people will be enrolled in the Medicare program. (Antos and Bilheimer)"
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