Macroeconomic - StudentOfFortune.com

Question

Asked by:

Vanessa
Rating (3): D
Questions Asked: 95
Tutorials Posted: 13, earned $40.15

$20.00 Macroeconomic

From Business: General-Business , Business: General-Business
Closed, but you can still post tutorials
Due on Sep. 17, 2008
Asked on Sep. 09, 2008 at 09:23:24AM

Q:
I PART:
One of the consulting groups clients wants a detailed analysis of the Medicare and Medicaid debate in society. Medicare and Medicaid was designed to increase medical access among the elderly and disabled. There are benefits and drawbacks to the Medicare and Medicaid systems. Using the Library and other resources, research an economic point of view that is supportive of the Medicare and Medicaid systems and then find a contrary viewpoint.

Based on the information you found in your Library research, summarize a point and a counterpoint in the debate over Medicare and Medicaid.

suggested outline:
I Intro
II Breif background of medicare and medicaid
III Benefits and Drawbacks of EACH program, from an economic perspective
IV Conclusion

II PART:
create a list of the points and counterpoints. Evaluate which arguments are the strongest from an economic perspective.

Suggest Outline:
collate their points and counterpoints, eliminating duplication, and publish one of the pros and cons of each program. If you do not contribute to the final paper, your name should not be put on it and you lose 40 possible points.

Attachments:

Available Tutorials to this Question

Posted by:

dvd2506
Rating (57): C-
Questions Asked: 4
Tutorials Posted: 74, earned $837.89

$20.00 "Macroeconomic

This tutorial was purchased 10 times and rated A+ by students like you.
Posted on Sep 12, 2008 at 9:30:20PM

A:
Preview: ... hospitals and physician offices per day and only a handful actually receive the full treatment that is seen on the billing paper. Many hospitals and private practice's take advantage of the Medicare system and bill Medicare patients for tests that were not done and in some cases not even needed. Or some hospitals/firms overcharge Medicare for medical supplies and equipment. Medicare pays 86 cents for a gauze pad that costs another government agency 4 cents, and $186 for a home blood testing device that is widely available for less than $50 (Korcok, 1997). There were also overcharging and improper referrals, and even payoffs for providing the names of new HMO enrollees. Such abuse leads to budget deficit problems and brings about a negative image of the programs. <br>The programs are perfect targets for the fraudulent firms, providers, and suppliers to swindle money because the programs are fragmented and not well supervised. Although only about 8% of all providers and suppliers for medical products actually commit fraud, the totals have surmounted billions over the last five years. Investigators say that more than 4600 hospitals have illegally billed Medicare separately for outpatient services that should have been covered by inpatient reimbursements (Korcok, 1997).<br> The U.S. government, in past years, has invested almost $600 million dollars to help fund Medicare/Medicaid antifraud initiatives all over the country. The current Bush administration has claimed the Medicare/Medicaid programs to be a waste of government spending due to such fraudulent acts which have not been resolved. The administration proposed budget cuts of $36 billion for Medicare and about nearly $5 billion in Medicaid spending (Crutsinger,2006). Scandalous acts and money fraud within the Medicare ...

The full tutorial is about 1434 words long .