[Author’s Name]
[Institution’s Name]
Essay on Challenges facing the Healthcare Leadership
The healthcare industry in America is facing unprecedented pressures. The medical care price index continues to outpace inflation. Public demand for the highest quality care at the lowest possible cost, a shrinking workforce, an aging population, increased regulation, and decreasing commercial and government payments all put tremendous pressure on healthcare facilities. In addition, the pressures of increasing underwriting losses have severely stretched the financial tolerance of medical malpractice insurers, leading to higher prices and reduced product capacity.
In order to compete in such situations private healthcare providers have to present more creative and innovative solutions to healthcare providers and payers. From the challenges of Medicare, to the most comprehensive of employee benefit plans, to diverse risk management needs, healthcare experts need to provide value-added intellectual capital, allowing clients. A number of corporate executives, as well as heads of small businesses, have complained recently that they are losing the ability to compete in the global marketplace because of the growing cost of health insurance benefits. General Motors Corp.
chairman Richard Wagoner recently noted that GM adds $1,500 to the price of every single vehicle to cover healthcare, making the company less competitive with carmakers from other countries, many of which have national healthcare systems. Heads of smaller businesses, including start-ups, note the rising healthcare costs can be a barrier to their survival. Many executives have called on Congress to focus attention on healthcare to address these issues.
Our nation has some of the finest doctors and medical facilities in the world, yet a large majority of Americans says our healthcare system needs fundamental changes. The cost of healthcare continues to rise. On any given day, about 45 million Americans are without health insurance, and this number has risen by more than five million since 2000. Many more Americans have some insurance but not enough to cover their healthcare needs. And our government’s healthcare safety nets, Medicare and Medicaid, face serious long-term challenges. Healthcare is also a major factor in our global competitiveness. The growing cost of providing healthcare poses challenges to our businesses, large and small......
