19-64 underinsured final paper Essay Example | Topics and Well Written Essays - 1000 words

19-64 underinsured final paper - Essay Example ublic policy must take account of these cultural sensitivities, a willingness to recognize priorities and set limits seems to be proportional to the level of frustration with ever-increasing costs. A much-cited example of rational priorities for medical care comes from the state of Oregon, where a commission was appointed in 1989 to make recommendations to the state legislature on how to expand coverage and set priorities in the Medicaid program. Underinsured people were to be added to the Medicaid list to cover every resident whose income was below a certain level, but this could be afforded only by reductions in the benefit package. After much consultation with health professionals and public hearings and community meetings held throughout the state, the commission produced a list of almost 700 condition-treatment pairs grouped in 17 categories and ranked according to priority. According to the plan the Medicaid program would pay only for items above a certain cutoff point on the l ist, to be determined from time to time by the legislature. The plan was implemented in 1994 and has been politically popular among the general public and with Medicare recipients. As of 1998 it is limited to relatively poorer persons eligible for the state Medicaid program, and has not been extended to the general public. â€Å"Managed care has been the single most dominant force which has fundamentally transformed the delivery of health care in United States since the 1990s† (Shi, L. & Singh, D., 2004, p. 324). Once each year there is a major conference of representatives of the funds, the regional associations of physicians, hospitals, and pharmaceutical companies, to work out the contribution rate and other details for the underinsured. The government does not provide any funding to the system but is very active in regulating and monitoring it. The basic features of the social-insurance-based health system have been adopted in many parts of the country. The welfare-oriented

An Evaluation of Sun Microsystems Consolidated Balance Sheet Essay

An Evaluation of Sun Microsystems Consolidated Balance Sheet - Essay Example On one hand this shows a healthy sign. However the lower profitability has offset the advantage resulting from the reduced debts. This trend indicates that the company will face liquidity problem in the near future if necessary steps are not taken to improve the profitability. The current ratio for the year 2001 is showing an increasing trend. This is due to the increased inventory level the company is holding. When the quick ratios is compared between the years 2000 and 2001 it can be observed that there is a sharp decline in this ratio implying that the short term liquidity position of the company has deteriorated over the year as most of the funds are locked up in inventory. This can also be seen from the reduction in the inventory turnover ratio which has decline from 28.22 in the year 2000 to 17.40 in the year 2001. This means that the company has locked up more liquid funds in inventory which is affecting the liquidity of the company. It is observed that there is a sharp decline in all the profitability ratios. The operating income of the company has declined from 15.22% in the year2000 to 7.18% in the year 2001. This is due to the increase in the cost of sales which is at 55% for the year 2001 (48% for 2000). Further the increase in the expenses like amortization of goodwill and research and development expenses have also contributed to the lower operating and net income. Since the profitability of the company is less during the year 2001 it has resulted in a lower ROA and ROE. The company has issued additional common stock in the year 2001 which has increased the equity and when the lower profitability applied on higher shareholder equity the ROE has shown a sharp decline from 25.37% in the year 2000 to 8.76% in the year 2001. There is no decrease in the long term liabilities of the company in the year 2001. This implies the company has