StudentShare solutions
Triangle menu

Health economics - Essay Example

Nobody downloaded yet

Extract of sample
Health economics

Nevertheless, all patients must pay small and medium medical expenses on their own that includes all the deductibles below $1,000 for singles and $2,000 for families. However, for major illness and high cost care high deductible that are more than $1,000 apply. Most conveniently, the Health Savings Accounts allows patients to pay these expenses either out of pocket or from the HAS savings account (Petigara & Anderson, 2008). Additionally, where the medical care does not exhaust the Health Savings Accounts, the savings proceed to the next year and all earnings from the savings are exempt from federal taxes. In addition, all contributions to the Health Savings Accounts are exempt from federal income taxes (Getzen, 2010). Most, significantly is the fact that either the person or employer can finance the Health Savings Accounts with amounts less than or equal to the deductible. However, the contribution by employer or government is limited to a fixed dollar amount. Indeed the Health Savings Accounts has distinct characteristics that include providing healthcare to the uninsured to pay out-of-pocket costs. Uniquely, HSA funds roll over from year-to-year and employees can confidently take the account with them upon changing employers (America's Health Insurance Plans, 2012). In addition, the account provides a comprehensive health insurance plan and guarantees tax-deferred funds for qualified medical expenses. Similarly, the account guarantees quality medical care for patients of all health conditions, different ages, and socioeconomic backgrounds. Furthermore, the account enjoys tax benefits for withdrawals and high-deductible plans. Additionally, all deposits to the HSA accrue by April 15 and are usable for long-term-care insurance-premiums. Indeed, the uniqueness of the Health Savings Accounts, allows for differences with other traditional kinds of health insurance. For example, unlike other traditional kinds of health insurance that allow the use of deposits for health care premiums, HSA only allows long-term-care insurance-premiums. Additionally, other health insurance plans do not allow for funds roll over from year-to-year as HSA does. At the same time, in other health insurance plans savings stays with the company if the employee changes jobs unlike in HSA where employees take s the savings with them to the new employer. Moreover, unlike in the HSA where the employee, employer and the government are at liberty to finance the account, other health insurance plans restricts funding to employers only. At the same time, where HSA limits health care services to high-deductibles plans, other traditional health insurance plans have no limitations. Most significantly while HSA is for all health conditions, different ages, and socioeconomic backgrounds, some traditional health insurance plans like Medical savings accounts limits their coverage to the self-employed persons. Finally, where withdrawals and high-deductible plans enjoy tax benefits in HSA (Getzen, 2010), other health insurance plans do not have this advantage. As such, HSA attracted various pros and cons in relation to economic principles and effectiveness. Notably, HSA allows consumers to enjoy tax benefits on contributions and withdrawals. Indeed, earnings, interest, and dividends are exempt from tax. This is significant in allowing earnings to earnings to gain interest on a tax-benefit platform. More so, HSA has no limitations to contributors and ...Show more


Health Savings Accounts (HSAs) Health Savings Accounts (HSAs) is one of the newest and currently most important forms of consumer-driven health plans. The Medicare Modernization Act of 2003 authorized the establishment of the Health Savings Accounts (US Department of the Treasury, 2012)…
Author : vicky34
Health economics essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Health economics"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Health Economics Essay
Therefore, health economics addresses the value, efficiency, availability, scarcity of healthcare, and the methods of bridging the scarcity (Guinness & Wiseman, 2011). This follows specific economic principles, disciplines, and economic concepts that relate to choices regarding health and health care.
3 pages (750 words) Essay
Health Economics
Lyme disease vaccination is considered as the beneficial process for patients with the moderate risk of attracting infections. (Goldhagen & Rawlings, 2001). Shadick and Colleagues conducted the cost benefit analysis of same vaccination. However; the evidence which derived such calculations may not entirely be robust in its strict sense.
5 pages (1250 words) Essay
Health Economics of Medicine
These distinct topics include: influences to health; health and its value; demand for health care; supply of health care; microeconomic evaluation and treatment level;
8 pages (2000 words) Essay
Health Economics
es are scarce, researchers and policy makers always want to select those interventions that are capable of using the limited resources in efficient manner. Generally in most of the sector of economy, other than health care section efficiency of any program is evaluated on the
14 pages (3500 words) Essay
Health Economics
Co-payments decrease the use of important and less important drugs and may be associated with unfavorable health consequences (Kephart 2007, 328). The use of cost sharing in health care
8 pages (2000 words) Essay
Health Economics
Some could attest how HMO as a managed care actually have reduced cost for health care, but Getzen would want to establish the point it is not going to be the ultimate
2 pages (500 words) Essay
Health Economics
ct in his laboratory function, prescribe it to his consumers, conduct surgery on patients and they also need a certain insulation from the price of the service or the product. The industry also has barriers to entry and a great deal of externalities, as well as an uncertain
3 pages (750 words) Essay
Health Economics
gs are obtained from the market with the prices, quality, and quantity varying, which brings in the issue of supply and demand (Mankiw & Taylor, 2006). There variations must occur if there is change in demand, supply, or price of the drug. The supply curve of these drugs can be
2 pages (500 words) Essay
Health Economics
Facilities given to people with such long time period survival support needs are collectively known as the long term care or TLC facilities (Joint Commission Resources et al., 2011; US Department of Health and Human Services, n.d.). TLC facilities are at policy
2 pages (500 words) Essay
Health Economics
The World Health Organization (WHO) has paid attention to the health care delivery systems worldwide. It has defined the healthcare system keeping in mind the organizational form, the funding
10 pages (2500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Health economics for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us