Banking; an ethical dilemma Essay Example | Topics and Well Written Essays - 2500 words

Banking; an ethical dilemma - Essay Example This paper attempts to discuss the ethical dilemma, which can be faced by any bank in its operational activity, both in the external environment and conflicts of interest arising within the organization. The ethical dilemma that arises within working environment of a bank is more severe, as these systematically weaken the vibrant economic system of a country. The concept of ethical dilemmas had become more pressing during the recent financial crisis, as it was strongly believed that unethical conduct of the financial industry in general and banking in particular, had led to global economic meltdown. The purpose of this paper is to discuss ethical considerations of the banking industry and compliance of the banks to these ethics in order to understand the way banking industry faces the challenges of ethical dilemma. The last section of the paper discusses few of the policy recommendations, which can help to resolve issues of ethical dilemma faced by the banks. A vibrant banking industry is extremely important for proper functioning of an economy. This makes the issue of ethical considerations in banking an extremely relevant topic. Banking sector merely acts as an intermediary between the depositor and creditor. A respectable bank is expected to be honest, exhibit integrity in its transactions, social responsibility, accountability and compliance to promises (Solomon, 1992). The ethical dilemma for banks arises because they have to work in grey area of ethics and often under high level of pressure. Sometimes, in order to gain financial benefits, banks often end up making decisions that undermines ethical issues, which is the root cause of the problem. There have been numerous cases where banks have been involved in scandals revolving around acceptance of bribes, advancing loans to unfit customers and lending to connected parties, which may be considered as unethical on part of the bank. In a research conducted by Carse

The Economic Problem and how it Affects Society Essay Example for Free

The Economic Problem and how it Affects Society Essay Define the economic problem. Explain how individual consumers, business firms and the government are all faced with the economic problem. Identify the different economic factors that influence how each group seeks to address this problem. The economic problem occurs because of the fact that the supply of resources used to produce goods and services are limited or finite but there is an infinite amount of demands and wants of individuals. In other words, the economic problem is consequence of limited resources, but unlimited wants. Individuals must decide what is the best item to buy with their limited resources. This is called opportunity cost, which involves the consumer determining which goods and services will provide the most satisfaction and value for money. In market economies, consumers have sovereignty over the market and thus they influence which products are produced and the amount produced. However, many businesses persuasively advertise unwanted or unnecessary goods and services to certain consumers, which can result in a misallocation of resources. In accordance to the economic problem, businesses have a number of issues to address: What to produce? How to produce? How much to produce? To whom to distribute? What to produce Firms must decide which production combination of goods and services will involves the least cost but result in the largest amount of produce How to produce refers to what method of production of the selected goods and services Is the most cost effective and efficient How much to produce involves predicting the amount of goods and services that will be needed and demanded. Using these statistics, the business will attempt to produce a quantity of goods equal to or as close as possible to  that amount. This prediction is usually based on the amount of consumption, demand and profit of the previous year. To whom to distribute the ratio of distribution of goods and services across the country, state or region, according to consumer demands and availability of transport. The government has a regulatory role in the economy through the control of taxes and redistribution of income. For example, when an economy has a low level of economic activity, the government can increase its expenditure on things such as infrastructure, and could lower taxes to encourage consumer and business spending. Similarly, the government could decrease spending and increase taxes to influence saving and less shopping splurges, to reduce the economic activity. The Reserve Bank can also act as a regulator and can dramatically alter the direction of an economy. The Reserve Bank can raise and lower interest rates which influences domestic saving and investment, and also affects foreign investment. For example raising interest rates would encourage foreign countries to buy Australian dollars to capitalise on the interest of their investment. The government has some bearing on the actions of the Reserve Bank, however its influence is quite minor.

The Freedom of Choices :: Essays Papers

The Freedom of Choices â€Å"James Joyce was born in Dublin on February 2, 1882† (Joyce i). In 1914, Dubliners, a work that illustrated the lives of the people of Dublin, from Joyce’s viewpoint, hit the shelves (Joyce i). The book consists of fifteen short stories all about the people of Dublin. There are many different themes thought these short stories but one that is very important to the book is the theme of escape. The book also lends itself to a philosophical point of view taking on many other themes: such as the theme of autonomy and responsibility. Three stories that these themes can be seen in are â€Å"An Encounter,† â€Å"Counterparts,† and â€Å"The Dead.† In these stories Joyce depicts many of the characters as people attempting to escape their responsibilities through the choices they make in their own lives. One responsibility that is neglected throughout these stories is the responsibility characters have to each other. In the story â€Å"An Encounter,† although only two boys escape their responsibilities at school, there was a third that was supposed to tag along (14). The other two boys, the narrator and Mahony, made the decision to leave Leo behind and venture off on their quest to the Pigeon House. Joyce offers a choice to these boys in attempts to show the audience that they will choose to ignore their responsibility to Leo. The two friends use their freedom making the choice that they are going to leave the bridge without their third companion, Leo. Another example of characters disregarding their responsibility to one another occurs when the two boys meet the old man in the field. Instead of staying with his friend Mahony leaves the narrator by himself ignoring his responsibility to be a good friend and stick together. These choices exemplify the way tha t characters in these stories ignore their responsibilities to other people. A second example of a character ignoring her responsibilities to another character occurs within the story â€Å"The Dead.† At the end of the story â€Å"The Dead,† the reader feels sympathetic with Gabriel, the main character, because he finds out his wife loved another man.

Description of Jail Essay

A description of jail’s place in corrections and its role throughout history A summary of the history of state and federal prisons A comparison of the similarities and differences between security levels in jails, state prisons, and federal prisons An explanation of factors influencing growth in jails, state prisons, and federal prisons Jails have been present within the criminal justice system for as long as you can probably date back. Jails play a vital role in the correction system. When jails originated they were used to serve the sole purpose of keeping an individual confined. In the beginning the jails and their conditions were inhumane and very harsh. Jails were not they type of place that individuals would like to be and often times people feared the possibility of having to go to jail. There are many reasons why people feared going to jail and one of the main reasons were because of the conditions that present in jail. There were many times where the inmates were not fed and they hygienic conditions were poor. As time progressed factors about jails changed. Jails were no longer only used to house criminals but they were also used to rehabilitate the criminal and allow them to opportunity change enough to be released safely into society. As time progressed jails begin to add programs that allow them to advance and further themselves. It is now possible to obtain a high school diploma while being incarcerated in jail. There are now programs that help aid drug addicts and alcoholics recover from their addictions before they are released. There are also programs that allow inmates to obtain a trade degree that they can use once they are released back into society. You made a lot of valid points within your post. I use to always wonder why exactly criminals committed the crimes that they did, like what possessed them to do those type of things? I wonder now if criminals weigh crime and punishment why would they feel as of the reward that they will gain from committing a crime is worth their life and their freedom most of the time. Maybe these thoughts vary from person to person meaning what I may not think will be worth the punishment that will be received from a crime but others may not agree with my thought process.

What’s Gone Wrong with the Third Italy

Msc BUSINESS ADMINISTRATION INTERNATIONAL BUSINESS CONTENT Introduction p. 3 Early glitches of the SMEs within the industrial districts p. 5 Analysis of two of the regional clusters at stake p. 6 What went wrong? p. 7 Concluding remarks p. 9 References p. 10 Introduction The purpose of this paper is to determine to which extent the economic areas known as ’Third Italy’ have not managed to achieve the well-desired status. The local development model has been presented as the perfect small-scale flexible capitalist type that has adopted a post-Fordist mode of production (Grancelli, 2007).The economic cluster referred to as Third Italy, was founded in the post-war period (1950s and 1960s) when the global economy was going through hard times of recovery. In the north-east part of Italy a new type of firms was developed. The question may be put why didn’t the other two important industrialized districts known as First Italy (the industrial heartland of the North) and the Second Italy (the backward South) have become the regions of wealth and economic growth.The answer lies primarily in the cultural values: the local culture of entrepreneurship and cooperation (Boschma, 1998) that to some extent doesn’t apply for other Italian regions. The following figure displays accurately the industrial zone of Italy: According to Bagnasco (1977) from a economic point of view Italy was divided into the ’Three Italies’: the North-west, the big companies, was tagged as ’central economy’, the shallow regions of the South seen as ’marginal economy’ and the central-North-eastern regions- known as Third Italy- haracterized by the presence of small firms that are defined as ’peripheral economy’. Nonetheless, the way in which the Third Italy region was defined didn’t hide the real facts; when compared to the North-west typology, productivity per worker and work unit-costs were sensibly lower. But t his didn’t disable the central-north-east cluster to have a significant development process that is confirmed by: a reduction of agricultural employees, an increase in manufacturing workers, growth in resident population, and an upward trend in Italy’s industrial national product (Bianchi, 1998).The â€Å"Third Italy† region, also referred to as Emilia-Romagna, forms a north-eastern group of counties that propelled themselves to a position of prosperity between the relatively wealthy north-western triangle of Italy and the relatively impoverished Mezzagiorno region south of Rome (Walcott, 2007). Localized production centres utilize export-oriented niche specializations to create place-based economies supporting local firms. Related residents supply both low labour costs and endogenously accumulated capital.Light industrial products include foods, clothing, shoes, furniture, and metal work for a craft-based market. Building on a textiles and leather goods special ization, that demands rapid responses to a notoriously fickle fashion market, familial and other locally forged trust-based ties enabled local star â€Å"Benetton† to become an international fashion retail chain. Knowledge of the local market was so finely tuned that offerings were famously differentiated even within the same city (Walcott, 2007).External economies of place propelled tightly organized local regions to maximize returns based on clearly defined sectoral specialization. In one example clearly defying physical topography, Silicon Valley imitators sprang up around the globe as hopeful high technology havens. A real estate set-aside does not an industrial district make, however (Walcott, 2007). Early glitches of the SMEs within the industrial districts In the early 1990s the one of the menacing forces against the Italian industrial clusters was the post-industrial transition.The internationalization of the economy endangers the developing process of small-scale fir ms. One good argument is the external market that provides expanded multinational, multi-product, multi-market companies (Holland, 1987). Even if the European Union is trying to help out these businesses by adopting policies and programmes the structural problems are not accurately aimed (Dastoli and Vilella, 1992: 179). Firms part of the Italian industrial district were running short of breath confirming that the market by its self regulation has launched an attack to the ’small is beautiful’ saying.Innovation plays a key part in the life of small and medium enterprises (SMEs) from the industrial clusters. It is noticed a decline in the importance of factors sources of external economies) that empowered the initial outset of the firms. The long used external sources were starting to lose grip in the face of the needed environmental efficiency (Bianchi, 1998). The changes that had to be performed weren’t a walk in the park. According to Bianchi (1990): the local entrepreneurs’ social culture and the past history successes disable the belief of urgent innovation investment.Also, economic barriers have prohibited small firms to access the large scale research and development, marketing and etc. (Regini and Sabel, 1989). Furthermore, two additional problems sprung up from the innovation process that need to be taken into consideration: ’product innovation’ in those zone of production with a highly design content that subtracts the formal innovation side rather than the technological innovation, because the first one includes creativity, imagination and taste, factors that are not easily obtained in business-set like this.The other difficulty is process innovation meaning that adopting a higher technological labour focused system would both increase productivity and decrease costs (Bianchi, 1998). Hadjimicalis (Hadjimicalis, 2006) introduces a set of arguments that could nevertheless be the real ones behind Third Italyâ₠¬â„¢s downturn. ’The lack of attention to the role of state’ implies the obsolete focus on different direct and indirect protectionist measures and regulations as in the work of radicals Stoper (1997) and Scott (1988).The most important protectionist measures as the Multi-Fibre Agreement that went in favour for Italy’s blooming manufacturing industries. The regulatory decisions have protected Italy along with other countries from ’unlimited competition’ in garments and textiles from the menacing low waged countries in the Eastern part of the world. Another governmental intervention was the fiscal regulation which consisted the hedging the exchange rates for the lira due to the devaluations throughout the 20th century and one of them when Euro currency was adopted in 2001.An interesting fact is that all those authors that supported the theories behind Third Italy industrial clusters as (Asheim 1999, Becattini 1990, Cooke 1988) haven’t seen th e harsh reality of such a business type: poor working conditions and safety conditions, longer work hours and low paid working hours. All the other specific characteristics of the small-scale enterprises from the region as: flexibility, innovation and embbededness of small firms (Hadjimichalis, 2006). Another term that was used to explain the success of Italian IDs is ’social capital’.It is the theoretical concept that has been used by various authors. A good perspective is seen through the lenses of Hadjimichalis: ’From individuals to communities, from firms to families, from cooperation to competition, from working conditions to unions, from trust and reciprocity to corruption and from the success to the failure of a place, all are called social capital’, this explaining clearly the real trend of firms within the Italian industrial clusters. Analysis of two of the regional clusters at stakeThe most remarkable evolution oscillations can be outlined in Em ilia-Romagna and Veneto provinces, where ’industrialisation without breaks’ (Fua,1983) was followed by a third party strategy ’without breaks’ which means that the regions have gained the prestige of stability organisms within the frontier of national development. The Piedmont and Lombardy are also good examples for the comparative advantage of their early launch and the lasting predominance of their industries provided the solid foundations for a strong post-industrial transition (Bianchi, 1998).Tuscany, on the other hand, has badly faced up to the need to restructure during the 1980s. Its historical memory describes best the anti-industrial attitude of its ruling class. Differences between the two provinces within the Third Italy are clear. The Emilia-Romagna’s type of industrial development is seen as unique and deeply rooted in the region’s culture and entrepreneurial activity (Heidenreich, 1996) and when compared to Tuscany’s ina bility to cope with a model of development that seems inapplicable to the case.Table 1 underlines the two differences in between the two regions described above. What went wrong? The industrial district of Third Italy (IDs) have suffered severe changes during the early 1990s because of the demand fall for Made in Italy products along with the emergence of new lower waged Eastern Europe companies and developing countries (Grancelli,2006). The active devaluation of the lira due to the euro introduction had a significant impact on the upward trend of Italian exports.The small-scale enterprises that have set a foothold into the creation of the so-called Third Italy region, were basically family businesses which put all into a network bowl had formed the leading industrial area of Italy and a model to follow on by the emerging countries. Following the same idea it could be said that the demographic decline has started a process of ’social construction of the market’ (Bagnas co ;amp; Triglia 1984; Dei Ottati 1995; Provasi 2002).The financial global crisis has put its fingerprint on the actual Italian industrial districts, but those enterprises that could jump incremental innovation and ensure a competitive position globally had somewhat survived the impact (Whitford, 2001). The latter example of firms shows that they have created vertically integrated organizational blueprints, and made foreign direct investments in contrast to the swept out firms that have just relocated part of their production (Grancelli, 2006) to low pay working force or to attract foreign workers in the home production facilities.According to Hadjimichailis (2006) : The erosion of the Italian industrial clusters was made through: ’ Relocation of production in Eastern Europe in search of low labour costs’ and this gave birth to: a severe increase in unemployment percentages and adding the hiring of immigrant workers within the Italian borders. Hadjimichailis (2006) als o introduces the ’bloody Taylorism’ term which is used in relation to the destination markets of the Italian entrepeneurs, Eastern Europe countries.This is used in connection to the SMEs of Veneto which were thought to re-establish Fordist factories due to delocalization processes. One example is the relocated production quotas abroad which ranged from 23% to 45% that resulted in a decrease of 28% of employment, 38% of production units in the region. This being said, the following concluding remarks could be made: ’Fordism is not only alive and well at the global scale, but it also returns as a solution to Italian firms’ from the industrial clusters, which were the models of flexibility and industrial district mythology (Hadjimichailis, 2006 : 95).The eastern slide of some of the sub-contractors from the Third Italy confirms the ideology that coordination between subsidiaries abroad and the parent company could not be only made through tacit knowledge of skilled workers and technicians remains an important factor even in a globally set value chain (Biggero, 2006). Those actors that have relocated their business into the Eastern part of Europe, Romania or other Balkan countries are seen as ’extroverted actors’ that also maintained relations within the home country district (Tappy, 2005).An important technological disequilibrium was introduced in the late 1960s – plastic materials for ski boots – by the lively research of external knowledge through some of leading firms. Another challenge of the north-eastern industrial clusters is the superior technological level of the products and putting a foot in the door of appealing mergers and acquisitions. Old, traditional and family driven businesses that are identified within the Third Italy areas need to see the ever changing strategy patterns as to going from a production to design phase which could attract cost diminishing (Cooke, 1998).It must not be neglecte d the power created by the tight bonded social network that has nurtured its roots for more than 50 years and before de ’90s has raised economic analysts’ eye browses throughout the world. Concluding remarks In order to survive, Italian industrial districts need to be fulfilling the following two conditions: their social and geographical division of labour remains globally competitive as compared to similar areas, sectors and other forms of industrial production, and their internal system of social reproduction remains unchallenged. Hadjimichalis, 2006) Mergers and acquisitions with famous brand names could be live threats for the small business embedded firms from the industrial zones of Italy. The power of Fordism has not dawned; in fact there is an increase of business deployment using this theory mainly in the Eastern countries. De-localization breaks the mesmerizing effect of small-scale flexible companies and builds up the multinational company picture having ver tical integrated characteristics.The presence of a huge wave of non-EU immigrants also changes the parameters of the Third Italy’s rather stable local social structure, with a cap on immigrations that could preserve craft traditions and the reproduction of skills. Even though ’Third Italy’ concept is turning ethereal, the back stage offers the resources, specific capabilities and core competencies developed throughout the years by the district firms to achieve competitive advantage in their markets but also to allow their sub-parts within the industrial system (Schiavone, 2004).As theories claim Third Italy revolves around the social capital theories that also could be a driver for economic performance (Granato et al. , 1996). In addition to too little social capital, too much social capital could have a negative impact on economic performance (Boschma and Lambooy, 2002). Finally, it could be assumed that the process of rethinking and reorienting of Third Italyà ¢â‚¬â„¢s entrepreneurial and family based firms has done a significant change to whole industrial aggregate. References Asheim B. (1999), â€Å" Interactive learning and localized knowledge in globalising learning economies†.Geojournal 49(4):345–352 Bagnasco, A. ,Trigilia, C. (eds) (1984), â€Å" Societa e politica nelle aree di piccola impresa: Il caso di Bassano, Venezia: Arsenale Editrice. agnasco†, A. ,Trigilia, C. (eds) (1984), Societa e politica nelle aree di piccola impresa: Il caso di Bassano, Venezia: Arsenale Editrice. Becattini G. , (1990) â€Å"The Marchallian industrial district as a socio-economic notion. In F Pyke, G Becattini and W Sengerberger (eds) Industrial Districts and the Interfirm Co-operation in Italy† (pp 132–142). Geneva: ILO Bianchi, G. (1998), â€Å"Requiem for the Third Italy?Rise and fall of a too successful concept†, Entrepeneurship;amp; Regional Development, 10 (1998), 93-116. Biggero, L. (2006), â€Å"Indus trial and knowledge delocation strategies under the challenges of globalization and digitalization: the move of small and medium enterprises among territorial systems† , Entrepreneurship and Regional Development, 18: 443-471 Boschma, R. A. , and Lambooy, J. G. 2002. â€Å" Knowledge, market structure and economic co-ordination: the dynamics of industrial districts. Growth and Change† 33 (3): 291-311. Boschma, Ron A. , Kloosterman R.C. (1998), â€Å"Learning from Clusters: A Critical Assessment†,  © 2005 Springer. Printed in the Netherlands. 139–168. Cooke P. , (1988) â€Å" Flexible integration, scope economies and strategic alliances: Social and spatial mediation†. Society and Space 6:281–300 Cooke P. , Morgan, K. (1998), â€Å" The Associational Economy†, Oxford: O. U. P. Dastoli, P. V. and Viclla, G. 1992â€Å" La Nuova Europa. Dalla Comunita all' Unione (Bologna: II Mulino) † Dei Ottati, G. (1995), â€Å"Tra mercato e com unita: Aspetti concettuali e ricerche empiriche sul distretto industriale†, Milano: F.Angeli. Fua, G. and C. Zacchia (1983) (a cura di), â€Å" Industrializzazione senza fratture, Bologna: Il Mulino†. Granato, J. , Inglehart, R. , and Leblang, D. (1996). â€Å"The effect of cultural values on economic development. Theory, hypotheses, and some empirical testsâ€Å". American Journal of Political Sciences 40 (3): 607-631 Grancelli, B. , Chiesi A. M. (2006), â€Å"Elites-in-the-making and their organizational behaviour: Cases in Russia and the Balkans†, in B. Dallago (ed. ), Transformation and European Integration. The Local Dimension, London: Palgrave. Holland, S. 1987), â€Å"The Market Economy, From Micro- To Meso-Economics† ( London: Weidenfeld ;amp; Nicholson). Hadjimichalis, C. (2006), â€Å"The End of Third Italy as we knew it ? â€Å", Editorial Board of Antipode. Published by Blackwell Publishing, 9600 Garsington Road, Oxford OX4 2DQ, UK and 350 Main Street, Malden, MA 02148, USA Heidenreich, M. 1996 â€Å"Beyond flexible specialization: the rearrangement of regional production orders in Emilia-Romagna and Baden-Wurttemberg†, European Planning Studies, 4: 401-420 Makdisi S. , Casarino C. , Karl R. E. , â€Å"Marxism Beyond Marxism† Routledge, London, 1996, pg. 155Provasi, G. (2002) (Ed. ), â€Å"Le istituzioni dello sviluppo, Roma: Donzelli Regini, M. and Sabel†, C. 1989 Strategic di riaggiustamento industriale (Bologna: II Mulino). Schiavone ,F. , Dezi L. (2004), â€Å"Managerial Styles within an Italian Industrial District:Two different successful storiesâ€Å" Scott A and Storper M (1988) â€Å"The geographical foundations and social regulation offlexible production complexes†. In J Wolch and M Dear (eds) The Power of Geography (pp 21–40). London: Allen and Unwin Storper M (1997) â€Å"The Regional World: Territorial Development in a Global Economy†. New York: Guilford Tappi, D . 2005) â€Å"Cluster, adaptation and extroversion. A cognitive and entrepreneurial analysis of the Marche music cluster†, European Urban and Regional Studies, 12/3: 289- 307. Walcott, Susan M. (2007) â€Å"Wenzhou and the Third Italy: Entrepreneurial Model Regions†, Journal of Asia-Pacific Business, 8: 3, 23 — 35 Whitford, J. (2001), â€Å"The decline of a model? Challenge and response in the Italian industrial districts†, Economy and Society, 30/1: 38-65. ——————————————– [ 1 ]. Theory that appeared after the ‘Fordism’ period in which a mass consumer was targeted, products standardized and costs lowered. Post-Fordism’ is characterized by ‘flexible specialization’ based on dense networks of flexible, strongly related, mostly small and medium-sized firms in mainly craft-based industries that are concentrated in specialis ed industrial districts(Boschma,1998). [ 2 ]. Copyright 2010 privileges set. [ 3 ]. SME-small and medium enterprises [ 4 ]. Putnam’s work on Italy (1993), Porter’s on clusters (1998) [ 5 ]. (Casarino, 1996) – After the Industrial Revolution, a mechanical engineer called Frederick W. Taylor proposed a new way to organize factories and shop floors with what he called the â€Å"Scientific Management†.

buy custom Consequences of the Uninsured Problem essay

buy custom Consequences of the Uninsured Problem essay Introduction Health insurance has a lot of benefits, not only to a working population but also to employers, government, as well as hospitals and doctors. Having a health insurance policy ensures that the individuals along with their families are provided with access to quality medical care, such that they can be taken through preventive measures like immunization, maintenance procedures like frequent medical checkups, and early diagnosis to prevent chronic diseases that can be cured if detected early. All these would imply less health care costs incurred by the hospitals and doctors, as early diagnosis prevents the high cost emergency treatments for most conditions. The government also ends up having to spend less money on health care and the employers and their employees pay lower premiums for their cost sharing insurance arrangements. Generally, everyone is covered when there is adequate health insurance coverage. The other side of that story is, however, not as good. The Problem Statement Gruber (2008) reckons that being uninsured implies that ones access to health care facilities is heavily hampered; it leads to cases when people get to a doctor when their health is severely deteriorated, requiring emergency primary care. This means that there are no preventive or maintenance measures, and the possibility that they cannot afford the cost of this care is also real. The expense is thus transferred to the hospital, the government and the insurance policy holders as the premiums get hiked to cover the rising costs of health care. When the uninsured persons are employed, it means they will be unhealthy and thus fail to report to work for a given number of days. Considering that their illness could have been prevented through vaccination or treated early as a minor problem if caught during a frequent medical checkup, this loss of working days is totally unnecessary and often costs the employer a lot in terms of time and money. Impacts of the Uninsured Issue on Various Stakeholders The major stakeholders in the uninsured issue are hospitals, government, employers, patients, physicians and insurers (Ziller, Coburn Youseflan, 2006). All of these groups are exposed by the uninsured issue in one way or another as discussed below. Hospitals often take in the severe cases that need primary care in the emergency department. This is often very expensive in that the cases brought in by the uninsured tend to be preventable or treatable at a relatively cheaper cost, if diagnosed early. The fact that these individuals do not have access to preventive measures and maintenance procedures leaves them vulnerable to conditions that are not only treatable, but also very preventable. Hospitals are typically responsible for the costs incurred in their emergency departments and thus the uninsured hike these costs (Ziller, Coburn Youseflan, 2006). Also, the high numbers of the uninsured populations in the US implies that these hospitals have a heavy work load in the emergency department. More often than not, this compromises the quality of health care that can be availed by these hospitals, unless the funding is matched to the demand. As more uninsured persons seek health care, more funding is required to sustain the quality of the health services at an acceptable level. The government is partially responsible for funding the health sector, and with so many uninsured individuals the budget is bound to be high. Hospitals cannot run without adequate funding and thus the government needs to cover the deficit if the quality of health care is to be maintained (Sered Fernandopulle, 2008). Also, when an uninsured person checks in to a hospital in a critical state and is later on proven unable to cover their bills, the government has to absorb this cost to cushion the hospitals. The physicians also suffer from the uninsured issue, as they have to deal with emergency cases that are treaatable if diagnosed early or even preventable if the patient has access to routine medical checkups and other preventive measures like vaccination. The high uninsured populations also ensure that the physicists have too much work in the emergency departments. It also frustrates them, given the lives that could have been saved and yet end up being lost as a result of delayed medical attention. It can thus be stated that from the physicists perspective, the uninsured issue increases the cost of health care with regards to the high number of patients they have to deal with, compromises the quality of service, as they have to work longer hours and limits access as there are always too many patients seeking their attention in the emergency room for conditions that should have been diagnosed and treated early as minor conditions, or prevented through immunization. For the insured patients, the uninsured issue increases the cost of insurance as the health care costs go up. They are thus forced to pay higher than normal premiums in order to ensure that the hospitals can maintain the quality of care that they are accustomed to. Also, the fact that there are often many cases in the emergency department implies that these insured patients are unable to access their physicists when they have real emergencies to deal with. For the uninsured, the impact is limited access to health care, high cost of health care at the emergency department and, in some cases, poor quality treatment given that the physicians are overloaded at the emergency department. Employers use health insurance as a motivational package to attract and retain a skilled workforce. However, over 80% of the uninsured population is employed or from a working family (Marwick, 2012). This implies that there are a number of employers who do not provide medical insurance coverage for their employees even on a cost sharing basis and yet an employment-based insurance is the most common and convenient one. Having uninsured employees results in too many cases of sick leaves, as well as low employee retention. Buy custom Consequences of the Uninsured Problem essay

Progressivism Movement essays

Progressivism Movement essays Progressivism implies a philosophy that welcomes innovations and reforms in the political, economic, and social order. The Progressive movement, 1901 to 1917, was ultimately the triumph of conservatism rather than a victory for liberalism. In a general sense, the conservative goals of this period justified the Liberal reforms enacted by Progressive leaders. Deviating from the traditional definition of conservatism (a resistance to change and a disposition of hostility to innovations in the political, social, and economic order), the Conservatist triumph was in the sense that there was an effort to maintain basic social and economic relations vital to a capitalist society. The Progressive leaders essentially wanted to perpetuate Liberal reform in order to bring upon general conservatism. Expansion of the federal governments powers, competition and economic distribution of wealth, and the social welfare of American citizens concerned the many leaders of this era. The business influence on politics was quite significant of the Progressive Era. Not only did the three leading Progressive political figures, Roosevelt, Taft, and Wilson, bring upon new heights to government regulation, but also the great business leaders of this era defined the units of political intervention. With political capitalism rising to fame, Progressive politics experienced new themes and areas. The inevitability of federal regulation policies, reformation of social welfare, conservation, and various innovations with banking led to one conservative effort: the preservation of existing powers and economic/social relations. The political leaders of this ear were conservative in that they all believed in the fundamentals of basic capitalism. The various forms of anti-trust legislation presented by each president made the nation one step closer to providing a stable, predictable, and secure, therefore, conservative capitalist society. Theodore Ro...