Health Care Economics Worksheet
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Answer
1965Social Security Amendments of 1965This was a U.S legislation passed in 1965. It resulted in provision of health insurance in the form of Medicare and Medicaid to the elderly (above 65 years of age) and people from poor families. It was a supplemental insurance program in the healthcare sector to aid these populations in meeting their healthcare needs.1980sEvolution of managed care organizationsManaged care refers to activities in the healthcare sector that are targeted towards improving quality and lowering the cost of healthcare provision. The evolution of managed care organization resulted in reduced costs through approaches such as restriction of hospital admissions in both the private and public sector (Lagoe, Aspling, & Westert, 2005).1990s-presentIncrease in the aging populat...
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