Financing Sources

Financing Sources Author’s Name: Institution of Affiliation: Course Name: Instructor’s Name: Date: Financing Sources Over the years, there has been an increase in healthcare conditions. This problem has caused the government to collaborate with healthcare facilities to improve healthcare in the country. Since healthcare is usually costly, the government has introduced different ways citizens pay for healthcare services. One standard method is Medicare, a federal health insurance that operates in the US and covers people aged 65 years or older and young people with disabilities (Ankuda et al., 2020). Medicare has played a significant role in transforming healthcare service delivery. For instance, since the Medicare prospective payment to cater for hospital services was integrated, it has helped reduce hospital growth costs. Furthermore, Medicare has prompted a reduction in the average hospital stay while improving ambulatory care alternatives. Moreover, Medicare improved the Federal standards for th...