The market driven healthcare insurance is yet another vital factor that has adversely impacted American healthcare system. Hence, President Obama’s national healthcare initiatives are being seen as panacea for the vulnerable segments who have been the major victim of the deteriorating healthcare.
President Obama’s healthcare plan has tried to address these burning issues, introducing reforms in major areas. It makes efforts to create more security and stability by introducing stringent measures to control discrimination based on gender, age and existing illnesses, thereby ensuring limit to the escalating insurance premium. There is protection for senior citizens and extra expenditure on flu shots, mammogram, diabetes tests etc. have now been incorporated within the insurance package so as to improve healthcare delivery and reduce extra burden on the common man.
The plan has assured quality by initiating various fringe benefits like tax credit for individuals and small businesses to get insurance with a ‘real choice’. Public health insurance provides cover to people who cannot afford and has made provisions to protect people with pre-existing condition by creating national ‘high risk’ pool.
The most important element of Obama’s healthcare plans is to rein in the escalating cost of healthcare delivery. While the cost would be met through savings, the extra expenditure, if incurred, would be addressed through cuts and austerity measures. The hospital, doctors, specialists and physicians would be given incentive for improved quality in healthcare delivery. There would be special team of experts that would overseas the waste, fraud and abuse in the medicare.
Indeed, the new initiatives by President Obama in the healthcare system are recommendable. The 2010 budget allocation of $630 billion as a reserve to be used for the healthcare reforms over a period of ten years give credence to the President Obama’s fair