by Madeline Angela Meyer and Dr. Michael Alan Meyer, August 30, 2012
There have been many major milestones in the history of healthcare reform. There have been an equal number of reform failures. The roller coaster ride is because healthcare is a very personal and emotional issue for most of us, therefore, a very heated topic in the political arena. More important, change in such a complex system affects all industry stakeholders.
After more than fifteen years of managed care and managed competition, and with healthcare expenditures reaching $2.5 trillion, or 17.9 percent of the nation’s Gross Domestic Product (GDP) in 2009 (Healthcare.gov, 2012), the Affordable Care Act (2010) was passed into law. This is the most significant reform Act since the Social Security Act of 1965, which implemented Medicare and then Medicaid. The effects of the implementation of the new law are being felt, and will intensify as it changes our current US healthcare system through 2020 when it is fully implemented. Therefore, the future of healthcare is truly a work in progress!
How will the ACA changes impact consumers, employers, health services, providers, payers, vendors and you, the administrative allied health professional? Attached is a presentation that provides a “birds’ eye view” of the future health care system in the US under ACA legislation. ACA Presentation URL
Next week we will explore how the ACA may impacts provider relationships, operational infrastructure (example, medical billing software
, electronic medical records…), payer and vendor contracts.
CMS. (2012). National Health Expenditures 2010 Highlights. [.pdf]. Accessed August, 2012 from: http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf
Healthcare.gov. (2012) Law: The Healthcare Law and You. [website] Accessed August, 2012 from: http://www.healthcare.gov/law/index.html