Public Finance in the Health Care System Essay Example | Topics and Well Written Essays - 500 words

Public Finance in the Health Care System - screen ExampleProgressive reports show that the number of then uninsured in Vermont has been going down. There were 8.4 percentage uninsured persons in Vermont in 2000 and 6.8 percent uninsured persons in 2012. Eighty percent of the uninsured Vermonters cited the monetary value of health amends as a major reason why they did not take insurance covers. In 2012 it was found that most uninsured Vermonters were unmarried, male, poor, young, working and without a college degree. According to 2012 statistics, there are more(prenominal) Vermonters who are working but are uninsured (75 %) than Vermonters who are working and are insured (65%). The median annual income of uninsured Vermonters was in 2012 was 201% of the federal poverty line (Smith et. al., 2013).In 2010, the Kaiser Family Foundation flocked the Medicaid Payment per enrolled. The survey showed that Vermont spent $10,550 per all(prenominal) aged person covered under Medicaid. It w as also found that the spending per each disabled Medicaid enrollee in Vermont was $17,936. Every adult Medicaid enrollee cost Vermont $3,437 in 2010 whereas the state spent $3,667 on every child Medicaid enrollee. In the same year, Vermont spent $5,099 on every Medicaid medically needy enrollee (Cuckle et. al., 2011).Vermont raises over 95% of its taxation from taxes. The statewide property tax is estimated at $1,035.7 million in Vermonts state pecuniary year 2015 and as such, it is the states largest source of revenue. Personal income tax makes up one-third of non-property-tax revenue in Vermont. The sale and use tax is the third largest source of income, followed by rooms and meals taxes. Federal bills represent approximately one-third of Vermonts descenting for state programs. In January 2014, it was estimated that available general fund in Vermont was 76%, available transportation fund was 14% and available education fund was estimated at 10% (Snyder et. al., 2012).In 2010 , there were 15.2% Vermonter adults in