healthcare law Q-2

Healthcare law Q-2 : Why might healthcare organizations require greater governmental regulation than companies in other industries

Previously , the US Government had poor control over the health of the people and the healthcare industry , as this was regulated through similar means of other industries (competition between various parties which controlled prices and competition . However , in recent times , the cost of healthcare had risen to unaffordable levels and a huge chunk of the population was left without health insurance . The Obama Government in March 2010 has passed the National Healthcare Bill that would provide

br comprehensive health insurance to a huge chunk of the uninsured , bring about greater government control and lower the costs of healthcare to more sustainable levels . This Bill would mean that the government would have greater control of the healthcare industry . About 95 of the US population would be covered by this bill (Associated Press , 2010

Earlier , the US government had poor control of healthcare , and hence there was greater emphasis on competition and a litigious practice environment which created several problems in the US . The costs of healthcare rose to an uncontrolled extent without any improvement in the quality of outcome . There were several resources which were wasted in the healthcare system and a lot of insurance frauds were involved Physicians rather than effectively managing risks and providing preventive care , were performing surgeries and administering drugs to treat adverse effects of disease rather than preventing disease itself The whole practice outcome had changed to one that offers greater...