Overview of the Article
The article selected for this assignment is titled “Biden’s healthcare plans face uphill battle in Congress as industry groups push back” by Maria Castellucci, published on Modern Healthcare on February 1, 2021. The article discusses the healthcare plans proposed by President Biden and the challenges they might face in Congress. The author highlights that while the proposals aim to expand access to healthcare and improve affordability, they are likely to face resistance from industry groups, including insurers, hospitals, and drugmakers.
Impact of Political Action on the Healthcare Industry
The political action proposed by President Biden is likely to impact various stakeholders in the healthcare industry, including hospitals, insurers, drugmakers, and patients. One of the primary proposals is to expand access to affordable healthcare by lowering the eligibility age for Medicare, the government-run health insurance program for seniors, from 65 to 60. This change is likely to impact hospitals, as they may see an increase in the number of Medicare patients they serve. Insurers and drugmakers may also be impacted, as they may need to adjust their pricing strategies to accommodate the expanded eligibility.
Another proposal by President Biden is to create a public option for health insurance, which could compete with private insurers. This proposal is likely to face resistance from insurers, who may fear losing their market share. However, it could benefit patients by providing them with more affordable options for health insurance.
Impact on Health Care Managers
As a healthcare manager, the proposed political action could impact my role in various ways. For instance, the expansion of Medicare eligibility could result in an increase in the number of patients served by my organization. This change could require us to adjust our staffing and resource allocation strategies to accommodate the increased patient load. Additionally, the creation of a public option for health insurance could impact our relationships with private insurers, as we may need to negotiate different contracts and pricing arrangements.
Overall, the proposed political action by President Biden has the potential to impact the healthcare industry in significant ways, and healthcare managers must stay informed and prepared to adapt to these changes.
References:
Castellucci, M. (2021, February 1). Biden’s healthcare plans face uphill battle in Congress as industry groups push back. Modern Healthcare. Retrieved from https://www.modernhealthcare.com/politics-policy/bidens-healthcare-plans-face-uphill-battle-congress-industry-groups-push-back
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