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Healthcare Financial Reform
Finance & Accounting
Pages 6 (1506 words)
Running Head: Healthcare Financial Reform Name: Institution: Professor: Date: Healthcare Financial Reform Introduction Healthcare systems include organization of institutions, people, and resources delivering health care services in aid of meeting health needs of a certain population (Baker, 2011).
Health care planning and reforms is not revolution but evolutional. Healthcare financial system should be reformed to ensure effective operation of the system. Health coverage should be available to each person even people with low income. The government alone can not provide enough funds for healthcare systems. For effective operation, healthcare systems need financial assistance from other organizations. The existing financial operations are not adequate, and that is why reform is needed. Taxation According to Karl (2010), one of the areas which need reforms is taxation. The current trend in taxation of healthcare services does not promote effectiveness of the operations. Many countries collect an enormous sum of money in taxation of healthcare workers, healthcare insurance and health facilities. The funds collected as tax can source other services in the healthcare systems. Many companies pay wages to their employees, but they do not pay insurance taxes. The employees take care of the insurance taxes which reduce income. The government does not spend the taxed amount in facilitating health services. Many states charge a huge sum of money as a form of tax to individuals establishing health care services system. Those systems include hospitals, clinics, dispensary, laboratory services centre and x ray units. In the establishment of those systems, the government requires a lot of money as tax. ...
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