Title

Healthcare As A Commodity – A Financing Mechanism To Control Costs And Ensure Access

Keywords

commodity; cost control; financing mechanism; healthcare; Medicare; stakeholders

Abstract

The US healthcare system is experiencing a funding shortfall that constrains efforts to provide healthcare to our citizens. Patients are no longer sure they will receive adequate healthcare during their senior years. One solution is to create an annuity at birth for each individual. This annuity will mature at age 65, with proceeds used for healthcare for the rest of one’s life. The total investment for this annuity programme will come from the Federal government at the rate of $1000 per year for the first 3 years of one’s life. The use of annuities, with their interest compounding concept, means that a minor investment by the Federal government results in substantial dollars being available to pay for healthcare at age 65. © 2006 Inderscience Enterprises Ltd.

Publication Date

1-1-2006

Publication Title

International Journal of Public Policy

Volume

1

Issue

4

Number of Pages

407-420

Document Type

Article

Personal Identifier

scopus

DOI Link

https://doi.org/10.1504/IJPP.2006.010846

Socpus ID

70350433324 (Scopus)

Source API URL

https://api.elsevier.com/content/abstract/scopus_id/70350433324

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