Discusses use of benchmarking by healthcare organization

Assignment Help Operation Management
Reference no: EM132185765

CAN SOMEBODY HELP ME WITH THIS ARTICLE PLEASE?

Obamacare Is Proving Hard to Kill In spite of Republican attacks, the insurance markets under the Affordable Care Act are stubbornly resilient. While consumers can expect sharp price increases in some areas, premiums are going up modestly in others. As health insurers across the country begin filing their proposed rates for 2019, one thing is clear: The market created by the Affordable Care Act shows no signs of imminent collapse in spite of the continuing threats by Republicans to destroy it. In fact, while President Trump may insist that the law has been “essentially gutted,” the A.C.A. market appears to be more robust than ever, according to insurance executives and analysts. A few states are likely to see a steep spike in prices next year, but many are reporting much more modest increases. Insurers don’t appear to be abandoning markets altogether. In contrast to last year, regulators are not grappling with the prospect of so-called “bare” counties, where no carrier is willing to sell A.C.A. policies in a given area. “The market is in a better position now than it has ever been since the exchanges have opened,” said Deep Banerjee, who follows insurers for S & P Global Ratings. The companies first began selling policies in the state exchanges, or marketplaces, five years ago. After years of losses, the insurers are now generally making money. With roughly a third of states releasing information, the insurers’ rate requests vary widely, according to an analysis by the Kaiser Family Foundation. In Maryland, companies are seeking increases averaging 30 percent. A midlevel policy in Baltimore could cost $622 a month, roughly a third higher than the average of the other states reporting to date. In Minnesota, which created a reinsurance program to help pay for customers’ expensive medical conditions, carriers are actually seeking lower premiums. A midlevel policy in Minneapolis is priced at $302 a month. The political and legal turmoil in the market is likely to persist, and final premiums will not be established for months. States are still working out details of some of their proposals to stabilize their own marketplaces. Those could be blocked by the federal government or a federal court, as in the case of last Friday’s decision regarding the work requirement sought by Kentucky for its Medicaid program. You have 4 free articles remaining. Subscribe to The Times “We will start seeing more variation in the coming years, not just in premiums, but what rules the states are enforcing,” said Cynthia Cox, a policy expert at the Kaiser foundation. Insurers are also watching the developments in the Texas lawsuit brought by Republican attorneys general. The Justice Department recently sided with the Republican states in arguing that the provisions protecting people with existing medical conditions are unconstitutional, which would upend the market entirely. But for now, insurers are comfortable with the market as it has come to exist even with less federal support for the law. “The business has stabilized and we’re confident,” said Brian Lobley, an executive with Independence Blue Cross, which offers plans in Pennsylvania and New Jersey. Insurers in Pennsylvania are seeking average increases of just under 5 percent, according to the state insurance department. Other states, including Florida, Indiana, Michigan and Ohio, could also see single-digit increases. Still, steadily higher prices are driving away more people who cannot afford those rising costs. People whose income levels are low enough to qualify for federal tax credits are largely insulated from price hikes because the credits they receive increase to cover the higher premiums. Individuals can use the credits to help pay for their monthly premiums and, in some cases, are able to cover the entire cost of a plan. But the number of people buying A.C.A. plans at full price dropped by roughly 20 percent from 2016 to 2017, according to new federal data. While some people may have qualified for subsidies for the first time because of the higher prices, about 1 million people appear to have stopped buying coverage.

The Question is:

Discusses the use of benchmarking by a healthcare organization. provide a summary of the above article. demonstrate an understanding of benchmarking by discussing how the benchmarking process benefits the organization discussed in the above article.

Reference no: EM132185765

Questions Cloud

Discuss the sustainability-related issues and themes : BUGEN 5930 Business, Society& the Planet Assessment - Reflective Journal, Federation University Australia. Discuss the sustainability-related issues and themes
Most interesting historical ethical dilemmas : From your perspective, what are two of the most interesting historical ethical dilemmas that we have faced as a society?
Management that you demonstrate most often : Describe the style(s) of management that you demonstrate most often in your place of employment.
Approach and recommendations regarding systems : Two work associates consistently differ in their approach and recommendations regarding systems utilized in the department and projects undertaken
Discusses use of benchmarking by healthcare organization : Discusses use of benchmarking by healthcare organization. demonstrate an understanding of benchmarking by discussing how the benchmarking process benefits
Describe how transformational leaders can initiate change : Describe how transformational leaders can initiate change that involves one or more of the concepts discussed in this unit's readings.
Multiple-selves theory : Describe in some detail what this means, and be sure to include the multiple-selves theory as part of your explanation. Provide some examples that exemplify
Discuss strength and weakness to each of given articles : Submit a summary of six of your articles on the discussion board. Discuss one strength and one weakness to each of these six articles on why the article.
Significant part in business decisions : Considering how motivations and emotions can play a significant part in business decisions, outline the steps you would take as a business manager

Reviews

Write a Review

 

Operation Management Questions & Answers

  Firm structure and control system

As Yahoo operates a broad range of properties/businesses, assess and evaluate the firm’s structure and control system and discuss the rationale and appropriateness of these mechanisms to sustain profitability.

  Construct an opportunity loss table for the given situation

Construct an opportunity loss table for this situation by defining the opportunity loss for each action and state of nature to be the TC.

  About how americans refer to crime

Which of the following statements is TRUE about how Americans refer to crime?

  Solve the given model using solver

Use these data in the Bass forecasting model given by equations (8.21) through (8.23) to estimate the parameters p, q, and m. Solve the model using Solver and see whether you can duplicate the results in Table 8.8.

  Arrivals and service times are randomly distributed

At the bank teller's window, arrivals and service times are randomly distributed (Poisson and exponential distributions, respectively).

  What are early-mover advantages these rivals sought in india

Then, briefly research the international operations of Wal-Mart and Carrefour, particularly the burgeoning opportunities for the multi-brand retail segment in the Indian foreign market. The two articles in Module Resources may be helpful in additi..

  Step in the bounded rationality decision-making process

Which of the following is a step in the bounded rationality decision-making process?

  What is going to be your competitive advantage

What problems might occur if you do not effectively and efficiently carry out these management functions?

  Training and development is important to company

Why do you believe that training and development is important to a company?

  Optimal order quantity after the change in price structure

Bell computers purchases integrated chips at 350 per chip. the holding cost is $35 per unit per year. the ordering cost is $120 per order, sales are steady at 400 per month. What is the optimal order quantity and the minimum annual cost fpr Bell comp..

  Southwest airlines external environments

Analysis of SOUTHWEST AIRLINES external environments,

  What did you find challenging in completing the scenario

Choose a solution and in one paragraph make a clear and specific recommendation based on the readings in the class so far. In a second paragraph, describe how the company can implement your recommendation. Write your recommendation/implementation ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd