Health Care Reform and Future Trend Personal Statement

Health Care Reform and Future Trend - Personal Statement Example I further propose that if health care was provided to these people, then financial suffering could have been prevented. These monetary problems prevent people from receiving essential treatment for illnesses. There is clearly a problem with the current Medicare program when people suffer from diseases simply because of their financial status. Other Medicare programs have to face many hardships while trying to apply a universal take over of every present health care system, which have generally led to extremely high prices, and a low quality of service. Therefore I believe that the whole nationalization of every presently used heath care service would not be necessary, nevertheless only a duel umbrella system which can incorporate uninsured Americans into the present health care system under new federal rules and regulations would be ideal for the Medicare program. I suggest the umbrella system as this umbrella system would let people who at present have an insurance plan to carry on their insurance plan. And those who are uninsured would be placed into a new nationalized health package which could be a HMO type system, which will reduce the costs. The lack of health insurance of a lot of people have a severe harmful consequences and economic costs not just for those who are uninsured but also for their family, the neighborhood they reside in, and the entire state. In my opinion, the primary problem is that health care considered to be a commodity which is marketed instead of a social service. A lot of people get tax-free health benefits from the company they work for, the companies pay insurers a portion of the premiums (Tooke 2003). However not every company provides these benefits. To my knowledge, it is strictly voluntary for employers. In the periodical "Employee Benefits," the problem for many workers is that not all employer-provided health insurance is equal, and many employers offer no coverage at all. Although 53 percent of private sector firms offer health coverage to their employees, and virtually all firms with 100 or more employees sponsor a health plan, small businesses are far less likely to do so (Cooper 2000), After reviewing the above mentioned problem it can be concluded firms which have a small number of employees most of them are uninsured thus I propose a single-payer system may be more affordable as it would minimize extra costs of administrative, profits and needless repetition. Moreover, it would allow the company of an overall budget and a reasonable and equal distribution of resources. Secondly, I propose that innovative technologies would be scarce under a single-payer system. Lastly, I believe that a single-payer system is the same as socialized medicine, even though a national program may be

Corporate Finance Essay Example | Topics and Well Written Essays - 1000 words - 4

Corporate Finance - Essay Example The price of Woolworths Limited company share can be calculated by formula: P= D [1] (r-g) where D [1] is the next dividend= 81 (from expected growth using current growth rate of 14.51%). P is the stock= 81* 9.91-0.1451 giving as price of share at 793.39.Substituting the figures into the formula; Therefore, this is to mean that Woolworth limited company paid as compensation 6.3 to the market demand in exchange owning the assets, which have the risks of ownership. It is a widely used formula by most companies for assurance purpose, to those who buy shares of those particular companies for risk taking. A keen and a thoughtful look on the Woolworth limited company annual report is suggestive that they have massive risks. By natural law of commerce, the riskier the business or the company the higher the cost of debt. The company uses various bonds, and loans and other form of debts that in turn give insights the rate of being paid by company to use debt financing. The cost of debt is usually calculated by a simple multiplication of the credits before tax rate by one minus marginal tax. So in this segment borrowing of Woolworth will be considered in coming up with the cost of the debt of the company. Borrowing here are stated at amortized cost with the difference between the cost and redemption value recognized in a collected income over a period of borrowing. Consolidated cash flow statement of Woolworth limited company the amortization of borrowing costs was 3491.6 (Woolworth Limited Annual Report 2013, pg. 162)while the marginal tax for the company was in the range of 30 % (Woolworth Limited Annual Report 2013, pg. 48). Substituting into the formula; This are the overall cost for financing a company like Woolworth limited. The mode of financing usually plays a pivotal role in determining the cost of capital. Financing can be done in two ways to a company or a combination of both. The two modes