Funding Healthcare System, Sharing Risk and Portfolio Theory Thesis

Funding Healthcare System, Sharing Risk and Portfolio Theory - Thesis Example 10). These processes are vital for the policy makers as well as planners who often face challenges in designing health care funding systems towards meeting the specific social, economics, and political objectives. Many countries are ever under constant pressure in issues related to social policies since they often experience increased expenditure and scarce resources. Nonetheless, the policy makers must analyze the following three options: increasing health care funding and containing costs or both. The heath care funding and expenditure crisis have introduced radical changes in the organizational and funding mechanisms within the health care sectors (Grossman, 2011; pg. 12). Since the 1970s, the cost containment is the principal driving factor in the discussion of the health care policies especially in the industrialized nations. Despite the underlying challenges in funding health care systems, an articulated and a well balance budget will provide sufficient revenue towards managing health care systems. Notably, nations have restrained themselves from bulk revenue borrowing; otherwise, economies have shift to sound economic policies with focus on revenue policies. Can these changes produce sufficient and sustainable health care funding systems? Literature Review Government or associated organizations often pay the bulk of the funding of the health care services. The major part of these funds is generated from the tax collected from the citizens of such nations. For instance, in the United Kingdom has a single payer system that governs its healthcare systems (Grossman, 2011; pg. 72). The UK taxation and health care funding system take funds directly from the government to the health care systems. In other nations like Germany and France, the government collect tax from the citizens and only fund part of the health care systems towards paying individuals and employees among other involved costs. In other nations such as America, a certain portion of the health c are system is often market based. In the market based funding systems, the health care systems are paid for by the private entities including employers and individuals. Moreover, the market-based systems require governments to provide health care to the vulnerable persons (Elton and Gruber, 1999). For example, in the United States, it is the responsibility of the federal government to fund health care systems towards supporting the disable and the elderly through its federal supported Medicaid program. On the other hand, the federal and state supported Medicaid program aims at covering the health care services for the low-income earners. These two different health care funding approaches have their different distinct applicability within the health care sector. Individuals and private organizations generally deliver the market-based systems. Moreover, a part of the systems is usually subjected to a certain level of competition. Market base funding systems is often open to many suppl iers, providers, and payers as well as persons with insurance that aims at serving their specific medical needs (Glied and Smith, 2011). In such funding mechanisms, doctors may be given a benefit of practice as a guideline that direct them of when and what different treatment to be applied; however, they are ever free in making care decisions depending on

Funding Healthcare System, Sharing Risk and Portfolio Theory Thesis

Funding Healthcare System, Sharing Risk and Portfolio Theory - Thesis Example 10). These processes are vital for the policy makers as well as planners who often face challenges in designing health care funding systems towards meeting the specific social, economics, and political objectives. Many countries are ever under constant pressure in issues related to social policies since they often experience increased expenditure and scarce resources. Nonetheless, the policy makers must analyze the following three options: increasing health care funding and containing costs or both. The heath care funding and expenditure crisis have introduced radical changes in the organizational and funding mechanisms within the health care sectors (Grossman, 2011; pg. 12). Since the 1970s, the cost containment is the principal driving factor in the discussion of the health care policies especially in the industrialized nations. Despite the underlying challenges in funding health care systems, an articulated and a well balance budget will provide sufficient revenue towards managing health care systems. Notably, nations have restrained themselves from bulk revenue borrowing; otherwise, economies have shift to sound economic policies with focus on revenue policies. Can these changes produce sufficient and sustainable health care funding systems? Literature Review Government or associated organizations often pay the bulk of the funding of the health care services. The major part of these funds is generated from the tax collected from the citizens of such nations. For instance, in the United Kingdom has a single payer system that governs its healthcare systems (Grossman, 2011; pg. 72). The UK taxation and health care funding system take funds directly from the government to the health care systems. In other nations like Germany and France, the government collect tax from the citizens and only fund part of the health care systems towards paying individuals and employees among other involved costs. In other nations such as America, a certain portion of the health c are system is often market based. In the market based funding systems, the health care systems are paid for by the private entities including employers and individuals. Moreover, the market-based systems require governments to provide health care to the vulnerable persons (Elton and Gruber, 1999). For example, in the United States, it is the responsibility of the federal government to fund health care systems towards supporting the disable and the elderly through its federal supported Medicaid program. On the other hand, the federal and state supported Medicaid program aims at covering the health care services for the low-income earners. These two different health care funding approaches have their different distinct applicability within the health care sector. Individuals and private organizations generally deliver the market-based systems. Moreover, a part of the systems is usually subjected to a certain level of competition. Market base funding systems is often open to many suppl iers, providers, and payers as well as persons with insurance that aims at serving their specific medical needs (Glied and Smith, 2011). In such funding mechanisms, doctors may be given a benefit of practice as a guideline that direct them of when and what different treatment to be applied; however, they are ever free in making care decisions depending on

Funding Healthcare System, Sharing Risk and Portfolio Theory Thesis

Funding Healthcare System, Sharing Risk and Portfolio Theory - Thesis Example 10). These processes are vital for the policy makers as well as planners who often face challenges in designing health care funding systems towards meeting the specific social, economics, and political objectives. Many countries are ever under constant pressure in issues related to social policies since they often experience increased expenditure and scarce resources. Nonetheless, the policy makers must analyze the following three options: increasing health care funding and containing costs or both. The heath care funding and expenditure crisis have introduced radical changes in the organizational and funding mechanisms within the health care sectors (Grossman, 2011; pg. 12). Since the 1970s, the cost containment is the principal driving factor in the discussion of the health care policies especially in the industrialized nations. Despite the underlying challenges in funding health care systems, an articulated and a well balance budget will provide sufficient revenue towards managing health care systems. Notably, nations have restrained themselves from bulk revenue borrowing; otherwise, economies have shift to sound economic policies with focus on revenue policies. Can these changes produce sufficient and sustainable health care funding systems? Literature Review Government or associated organizations often pay the bulk of the funding of the health care services. The major part of these funds is generated from the tax collected from the citizens of such nations. For instance, in the United Kingdom has a single payer system that governs its healthcare systems (Grossman, 2011; pg. 72). The UK taxation and health care funding system take funds directly from the government to the health care systems. In other nations like Germany and France, the government collect tax from the citizens and only fund part of the health care systems towards paying individuals and employees among other involved costs. In other nations such as America, a certain portion of the health c are system is often market based. In the market based funding systems, the health care systems are paid for by the private entities including employers and individuals. Moreover, the market-based systems require governments to provide health care to the vulnerable persons (Elton and Gruber, 1999). For example, in the United States, it is the responsibility of the federal government to fund health care systems towards supporting the disable and the elderly through its federal supported Medicaid program. On the other hand, the federal and state supported Medicaid program aims at covering the health care services for the low-income earners. These two different health care funding approaches have their different distinct applicability within the health care sector. Individuals and private organizations generally deliver the market-based systems. Moreover, a part of the systems is usually subjected to a certain level of competition. Market base funding systems is often open to many suppl iers, providers, and payers as well as persons with insurance that aims at serving their specific medical needs (Glied and Smith, 2011). In such funding mechanisms, doctors may be given a benefit of practice as a guideline that direct them of when and what different treatment to be applied; however, they are ever free in making care decisions depending on

Global Navigation Satellite System Essay Example | Topics and Well Written Essays - 750 words

Global Navigation Satellite System - Essay Example The present working GNS system is the 'Global Positioning System (GPS)' developed by USA. The use of GPS is mainly for military purposes and controlled by the military. Europe is going to launch its own GNSS under the name of 'Galileo'. Galileo is Europe's first GNSS which is intended to be used by various civil sectors such as transport, social service, judicial system, public works, rescue teams, etc. Galileo is set to be fully operational by 2008. The fully deployed system consists of 30 satellites (27 operational + 3 active spares), positioned in three circular Medium Earth Orbit (MEO) planes in 23616 km altitude above the earth, and at an inclination of the orbital planes of 56 degrees with reference to the equatorial plane (ESA, 2005). As a large number of satellites are working together with three active spares, therefore the dysfunction of one of the satellites does not have much effect on the overall functioning of the system. Each satellite of a GNSS is provided with an atomic clock which measures time very accurately. The satellites continuously emit signals simultaneously indicating the time of leaving of the signals from the satellite. A receiver on the surface of the earth has the exact details of the orbits of all the satellites in its memory. By reading the incoming signal it can thus recognise the particular satellite, determine the time taken by the signal to arrive and calculate the distance from the satellite (EUROPA, 2006). The ground receiver receives the signals from about four different satellites simultaneously. Once it does so it can calculate the exact position of itself. The control of the satellites and performance of navigation management is carried out by 'Ground Control Centres (GCC)' located at different places on the earth. The control centres contact with the satellites through 'Up-link stations' and carry out the operations such as time synchronisation. Development The first experimental satellite, part of the so called 'Galileo System Test Bed (GSTB)' will be launched in the second semester of 2005 (ESA, 2005). This satellite is intended to test the technologies still under development. Then in the second stage about four operational satellites are scheduled to be launched in 2006 for In Orbit Validation (IOV). After this the remaining satellites will be launched to make it fully operational in 2008. Uses GNSS has to provide four basic services as follows. Position, Velocity and Time Service (PVT) Accuracy and Integrating Services (AI) Ranging and Timing Services (RT) High Integrity Services (HI) Politics There is an opposition to the European 'Galileo' GNSS mainly from GPS who want to be the sole satellite navigation system. The US is continuously making some announcements regarding GPS in order to derail Galileo. These sorts of announcements, however, do not have any effective impact on the development of Galileo. The objections from US side are that Galileo will be purely used for civil navigation without the control of military over it. Instead of this opposition from the US, development of Galileo will surely go ahead. This is a big step forward because it is for the benefit and welfare of the common people. It will directly benefit various sectors of the society and indirectly almost whole