Accounting Assignment Example | Topics and Well Written Essays - 250 words - 13

Accounting - Assignment Example The healthcare sector represents a major part of America’s economy. Current expenditure on healthcare exceeds 15% of the GDP and Economists project it to hit $4.2 trillion or 20% of the GDP by 2016. Yet according to Commonwealth Fund’s analysis of World Health Organization data, America ranks last among developed nations in preventable mortality with over 47 million Americans lacking health insurance. Additionally, healthcare continues to be one of the fastest growing components of the economy, growing at a faster rate than the GDP. Health related expenditure is a large and growing segment of government budgets. Last year, healthcare expenditure accounted for one quarter of federal spending. From the public interest point of view, the economic stakes in healthcare reform is high. However, it is wise to note that for all the problems, the United States healthcare system has much strength and policy makers should not lose the good while addressing the bad. The major financial challenge of healthcare reforms is controlling the costs. The problem here is not the high level of spending on healthcare but rather the rapid growth of spending on healthcare. The per capita spending in America continues to increase at a faster rate than per capita income. Economic projections indicate that persistence of this trend would lead to a relentless rise in income devoted to healthcare expenditure. A large portion of state and federal spending goes towards subsidization of health insurance. In 1975, federal expenditure on Medicaid and Medicare accounted for 6% of total non-interest federal spending. Today, this figure stands at 23%. Due to the increases in cost of healthcare, the CBO projects that, without reform, Medicaid and Medicare will account for about 35% of non-interest federal spending in 10 years’ time. This trend points toward

Management written assignment Essay Example | Topics and Well Written Essays - 750 words

Management written assignment - Essay Example In the process, it induces people to define their desires and to pursue them with passion. Ultimately, leadership transforms potential into reality. After reading the article ‘Why Should Anyone Be Led By You?’ by Robert Goffee and Gareth Jones, I can honestly say that it would take considerable time and practice for one to be an inspirational leader – but it is definitely possible. The authors identified four qualities of inspirational leaders: having the ability to show their weakness, becoming a sensor, practicing tough empathy and daring to be different. I do not have any qualms about acknowledging my weaknesses as I am aware that in doing so, I would have the means to apply corrective measures to change for the better. Becoming a sensor, though, takes time and professional experience to discern and assess the condition of certain situations and to apply appropriate action. It also acknowledges that assistance and guidance from affiliates are sometimes required. Goffee and Jones emphasized that â€Å"even the most gifted sensor may need to validate his perceptions with a trusted adviser or a member of his inner team.† (Goffee & Jones, 2000, 68) In addition, practicing tough empathy needs a lot of courage and strength in one’s personality. The authors defined tough empathy as â€Å"giving people what they need, not what they want.† For a leader to know the difference between the needs and wants of their people, one must have genuine concern and passion for their team. This trait can be developed over time. Finally and more significantly, I am aware that each and every individual is unique. The unique qualities of each one should be utilized to excel, stand out and capitalize on these qualities to blend and balance those of others to maximize the requirements of a particular scenario. As aptly concluded by Goffee & Jones, â€Å"the challenge facing prospective leaders is for them to be themselves, but with