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Healthcare Economics - Essay Example

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Undergraduate
Essay
Marketing
Pages 6 (1506 words)

Summary

Name: Professor: Course: Date: The Boston community Healthcare economics This paper focuses on the Boston community. The health insurance and the healthcare market in Boston play a major role in assisting individuals gain access to quality health care services…

Extract of sample
Healthcare Economics

According to the Boston healthcare plans, adults are supposed to gain health coverage and employees too must have this nature of coverage. Similarly, the reform witnessed the merging of the individual health insurance markets and small groups of other related healthcare providers. Through this move, the number of uninsured persons dropped significantly from 8.2 % to 2.7% by the year 2009. It is also worth noting that the recession that occurred did not have a great influence on the healthcare reforms that were passed in the year 2006. According to the reforms, the law required every Massachusetts resident to have a state regulated healthcare insurance protection. Also, the reform bill recommended provision of free insurance healthcare for citizens that earned less than 150% of the state federal poverty level. The people that did not take the state healthcare insurance cover took Medicaid which also played a similar role in insurance. This move largely affected the market and changed several trends in the insurance market. Through the amendment, there was development of independent public authority that was formed to foresee the activities of the healthcare insurance, the connector (Minkler 19). ...
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