The economics of End Stage Renal Disease Essay Example | Topics and Well Written Essays - 500 words

The economics of End Stage Renal Disease - Essay Example as enabled the government to control the costs they incur by revision of the delay of treatment services to patients who are not covered by the medical scheme (Kovner, Knickman and Weisfield, 2011). An organization providing ESRD treatment is likely to increase their earnings before deducting the interest they attract on borrowed finances, taxation, depreciations and amortization. With the control of the CMS, it intends to exert on achieving a breakdown of the costs, the organizations will tend to suffer losses. The eventual close down of the service providers will come as a result along with a decline of the quality they dispense. The financial burdens of the disease are also given to commercial and private dispensers to reduce the authorities cost (McKenzie, Pinger and Kotecki, 2011). The major purpose of having the legislation is to ensure that the rates of reimbursement equal the costs incurred in the provision of these services. The patients of the chronic disease are required to join government-sponsored schemes such as Medicare and Medicaid services for them to attain cheaper and subsidized treatment. They can also go for treatment in authorized institutions that dispense the treatment. By joining these schemes, they will be able to acquire the necessary treatment easily, and increase the costs they will incur due to the profits the organization requires. This is because of the governments regulation and subsidies that affect the provision of treatment. Joining of insurance schemes is also another way that patients can be assisted to acquire affordable, high quality and accessible treatment (Milstead, 2004). This is because the companies direct the patients to the best facilities and assist in covering the costs they incur. The provision of the medical facilities by the government ensures that all the patients in their population requiring treatment for the disease get it cheaply and easily. However, patients who are over sixty-five years of age will not