They argue that introducing private health care will lessen the burden on the publicly funded system as many well off citizens would simply choose to pay out of pocket or through private insurers for services rather than rely on the public system. They argue that the government cannot do it efficiently.
Health Care Industry 1 Health Care Industry HCS/449 Donna Hawley Health Care Industry The health care industry is the fastest growing industry. As the years go by, more and more breakthroughs will be shaped.
As a result of the rise in healthcare spending, the economy is growing rapidly thus, having elevated healthcare costs. Furthermore, in healthcare there are two types of plans, that all insurance plans are based on.
By adopting a pay for performance stance on impacting the preventative side of health care, a substantial savings in rising health care costs may be met. Challenges for putting into practice a pay for performance system is it is very difficult to get everyone on board with quality standards.