Competetive Analysis of Amd and Intel - Free Essay Example

Sample details Pages: 9 Words: 2715 Downloads: 7 Date added: 2017/09/12 Category Advertising Essay Did you like this example? Introduction In this essay I have explained the importance of computerised accounting using ERP solutions. First I explain various accounting processes in a company in two broad classes. Then I explore various features in the mySAP ERP solution and how they cater to these processes. Then I explain the recent changes in accounting standards due to the Sarbanes Oxley act and their repercussion to the design of ERP solutions. Then I explained how mySAP helps companies to be compatible with the regulation. The success of ERP implementation is based on various factors. I have researched 3 famous failure and 3 famous success stories in ERP implementation and explained the effect on the companies. Classification of accounting methods Accounting process in corporate environment is divided into two parts: financial and management accounting. They are differentiated by the users of the respective accounting information. Different types of stakeholders in a business have different accounting needs. These classifications cater to the different needs. Financial accounting is aimed to cater to the needs of external stakeholders like shareholders, financial analysts, banks etc. Don’t waste time! Our writers will create an original "Competetive Analysis of Amd and Intel" essay for you Create order They describe the performance of the company over a specific accounting period and the state of the company at the end of that period. Companies in most countries are required by law to publish financial reports periodically. The format of these reports are determined by various regulatory elements like accounting standards, company law etc. Financial accounting provides information regarding the historical performance of the company over the accounting period. The amount of detail in the reporting is generally restricted and is at the discretion of the company. They are helpful for external stakeholders to understand the financial performance of the company. The four main parts of a financial report are the four financial statements, which provide a summary of the company performance. Management notes to the financial statements provide some amount of detailed explanations to the financial statements. Management accounting on the other hand is a system of accounting developed to aid the management to keep a track of the financial performance of the company on a day to day basis. They are managed on a regular basis unlike financial accounting, which is accounting period based. It helps the management control financial performance of the business and aid the decision making. Management accounting cycle has four main aspects: 1) During the period the management has to analyse the transactions, record journal entries and then post the amounts in the ledger accounts of the respective accounts. 2) When the period ends, they have to adjust the revenue, expense accounts to settle the balance sheet accounts. 3) Prepare complete set of financial statements. 4) Close revenues, gains, expenses and losses to retained earnings. There are no legal requirements to maintain this system. It is only maintained to aid the management. They are generally very detailed and as basic as possible. They may also include non financial information like sales volumes, employee count etc. Additionally they may include estimates of future performance rather than only historical transactions. SAP has features to aid the both the classes of accounting. For financial accounting, the features include: * General ledger * Accounts receivable/accounts payable * Fixed Assets accounting * Inventory accounting * Accrual accounting * Tax accounting * Financial statements For assisting management accounting, the features include: Profit centre accounting * Cost Centre and Internal Order Accounting * Project Accounting * Investment Management * Product Cost Accounting SAP features Financial accounting General Ledger transactions This forms the central component of the SAP financial ERP system. It forms a unified platform for various accounts. It records all business transactions in to a softwa re setup. The software is linked with other components of a company to make sure that the data is always accurate. It is at the receiving end of other SAP components and maintains an account of all the inputs from them. Accounts Receivable/Accounts payable This component records customer accounting data and manages the in cohesion with the general ledger component. It connects the accounts receivable account to the general ledger through a special account. Another similar component is the accounts payable component, which records the vendor accounting data and manages it via the general ledger component. It performs the same task as the previous component but records the accounts payable through another reconciliation account. Fixed Assets Accounting This component maintains a comprehensive record of all the fixed assets of the company. It then analyses the records in compliance to the accounting principles tailored to the country the company operates in. This is a very important component as fixed assets form considerable portion of the total assets for certain companies and its accurate representation in the balance sheet becomes essential. Inventory Accounting This feature records inventory held by the company. It supports various inventory valuation methods. It records inventory in two types of currencies or valuation methods into the Material Ledger component. It can maintain separate accounts for recording inventory, such as materials in various stages of production. Efficient inventory management is an important cost cutting method. Accrual Accounting This component records and manages accounts payables and receivables as required by the matching principle. It’s an efficient tool to customise the way the company measures its performance. This amounts to recording revenues as they are earned, not when the cash payment is made; costs matching the periods they are incurred and not when they are liable to pay, via Accrual Accounting. Tax Accounting This functionality is used to calculate the corporate tax and other tax liabilities and receivables like GST. The tax is calculated based on tax regulations in the country of operation and this component can be customised to adhere to those regulations. Financial Statements This component helps create financial statements at the end of the period based on the accounting standards the company is required to follow. The companies in most countries are by law required to release periodic financial statements. The financial statements vary according to the businesses so this component allows customisation based on the business. Management accounting The components in this suite help companies achieve higher revenues and efficient cost management. The main components are: Profit Centre Accounting It is responsible in recording the various balance sheet items, cash flow items, costs and revenues. It also allocates these items to various segments in the company. This helps segment reporting for external purposes and also the internal reporting for company purposes. It supports both the period accounting and the cost of goods approach. Cost Centre and Internal Order Accounting It records costs incurred by the company during operations by assigning them to cost centres (assigned to managers or organizational units). It also analyses costs based on a plan laid out by the company and uses the plan as a basis to further plan the collection and settlement of the costs of internal jobs and tasks. It also manages the internal orders throughout their lifecycle using the integrated software system which pans throughout the company. Project Accounting This component helps in laying out plans for the detailed activities in projects of all sizes. They may be large like building a production facility, or small scale projects like organising a road show. It assists the project manager efficiently execute the project, on time, and within financial constraints by allocating resources wherever and whenever needed. Investment Management This component manages and records investments such as RD, fixed assets, or projects maintained normally under overheads. It manages investment and capitalised costs for tax purposes. It defines an investment in the context as any measure that initially causes costs, and that may only generate revenue or provide other benefits after a certain time period has elapsed. Product Cost Accounting This component assists in recording the costs incurred the successful management of the product portfolio. It calculates COGS for each step in the production process and helps analyse the efficiency of the process. It connects to other SAP applications and automatically uses other information gathered about the product. Sarbanes-Oxley Act The Sarbanes–Oxley Act of 2002 or more commonly known as the Corporate and Auditing Accountability and Responsibility Act, is a US federal law enacted on July 30, 2002. It aimed at setting improved standards for all the publicly listed companies and the accounting firms in the US. Its introduction was a direct consequence of a number of major corporate and accounting scandals like Enron, Worldcom, Tyco International etc. Its enactment can be attributed to various instances of conflict of interests and other loop holes in the previous system in place. Some of them are: Boardroom failures: Board members of various firms were charged with setting up mechanisms to manipulate the financial reports of the company to show false performance numbers. Auditing frauds: Prior to this act, accounting firms were self-regulated. They also performed significantly large non-audit or consulting work for the companies they audited. This presented a case of a conflict of interest. Securities analysts conflicts of interest: The analyst didn’t have clearly mentioned roles and since equity research and investment banking were usually tied, it presented a conflict of interest. Banking practices: Banks bypassed the risk associated with the firm to lend huge amount of money. Investors in the banks and their clients were at great risk due to such lending. Executive compensation: Prior to this act, there were not many regulations on fixing executive compensations and stock options. This act was aimed at closing these loopholes and make changes to the accounting standards to make sure financial reports painted a true picture of the company’s financial position. Significant research has been on the implications of the act. Firstly there were financial costs. According to the FEI Survey (Annual) on SOX Section 404 costs, the 2007 study indicated that, for 168 companies with average revenues of $4. 7 billion, the average compliance costs were $1. 7 million (0. 036% of revenue). It also meant that Securities and Exchanges Commission in the US had to apply changes to the GAAP to make sure they comply with the law. It created a new, quasi-public agency, the Public Company Accounting Oversight Board, or PCAOB, to oversee, regulate and inspect accounting firms in their roles as auditors of public companies. mySAP’s value proposition Critics argue that the above act has made regulations very complex and difficult to implement. mySAP provides a platform that monitors and analyses the financial data from the companies and improves the efficiency of the accounting process. It makes sure that the practices are compliant to the new standards automatically. The main requirement of the new standards is transparency which can be easily maintained with the use of computerised accounting. Accuracy is another aspect which is very important of the new standards. Misstatement has now become very costly for firms both legally and in the stock market. Traditional general ledger solutions required multiple applications, mySAP ERP provides single platform for individual ledgers, such as cost of sales, profit-centre accounting, and consolidation staging. As a result, we get speedy and accurate reconciliation. New standards have made it complex to maintain parallel accounts while ERP solution can ease this process by provide a unified platform to do this. Segment reporting has become important part of accounting standards across the world. Most standards require at least two-dimensional reporting, i. e. , two types of market segmentation. ySAP’s general ledger component automates tasks of maintain separate segments both during operating cycle and end-of-period financial reporting. With cost-of-sales accounting in mySAP ERP Financials, we can incorporate expense allocation to revenue in the period, in the general ledger. This is required by the matching principle and is an important measure according to act to stop misrepresenta tion of the financial performance of a company. Accrual accounting is made simple computerisation of the accrual accounts and documents. The system adheres to the regulations hence removes any chance of manipulation of the accounts. The large amount of financial data combined with the non-uniform systems, interfaces, and software releases makes both internal and external auditing very complex. The Sarbanes Oxley act poses strict guidelines requiring efficient and accurate auditing. Audit Information system in mySAP provides comprehensive audit support for both internal and external audits. Success and failure stories of SAP implementations Failures: Hershey, USA Hershey is a leading manufacturer of chocolates and beverages in United States of America. They chose to implement SAP at the peak periods of their business. This timing proved to be the major shortcoming in the implementation. Also the company could not manage the workload of running an ERP. The implementation led to huge decline in profits and sales for the company. Levi Strauss, USA The company has been deploying SAP in staged releases around the world since 2003. In 2008, it reported that problem in SAP implementation had prevented it from fulfilling orders for week. It also reported that implementation problems had resulted in a decline in profits by 98% for the 2Q08. This shows that company should have redundancy in place for critical systems in times of implementation. The management also argued that a complex ERP although solved many problems, was tough to troubleshoot. Waste management, USA This company sued SAP, accusing it of misrepresenting the software’s capabilities. It termed the SAP implementation as complete failure. SAP provided it with programs which were tailor made for Waste management companies in US. However, they were un-tested and under developed. Since they were tailor made, they didn’t have provisions for customisation. This resulted in more problems for the firm than it solved. Moreover, the scale of the business didn’t suit the implementation of ERP solutions. Success: TISCO, India TISCO is a major steel company based in India. It made a prompt response to the changes in the market scenario and shift in customer orientation based on product was aided by a timely implementation of ERP. The company decided to implement SAP ERP 3 after careful consideration to match the ERP with their requirements. In addition the company also forecasted on what would happen to their operations in the future while making this choice . This anticipation helped them to obtain the proper solution at the right point of time. SANKYO CO. , LTD, Japan Sankyo needed a profit structure that could drive its profits without relying on new product development. This was very difficult in a competitive pharmaceutical industry environment. Sankyo decided to implement the SAP R/3 enterprise resource planning (ERP) system. The implementation helped the company achieve its cost cutting goals and spawned a variety of other uses from the system by streamlining business processes and increasing operation efficiencies. Biomet Inc, Poland Biomet Inc designs, manufactures, and markets products for musculoskeletal medical specialists. I faced major challenges in a highly competitive industry, to cope with cost pressure in the healthcare sector, manage complexity of logistics processes and provide centralized business insight across all European subsidiaries. It implemented SAP ERP and various other packages from SAP. Conclusion I would conclude by remarking that current accounting standards make accounting processes very complex. In big companies with various segments and operation in multiple locations, this becomes even more complex. SAP ERP solutions provide an easy way out for companies by unifying the platform on which the accounting processes run. This enhances the efficiency and accuracy of the accounting in these firms. It also results considerable cost cutting for the firms. However, the companies have to careful in choosing the solution based on their business. As the failure stories have shown, improper implantation can cause more problems than it can solve. References 1. â€Å"Analysing ERP failures in Hershey† (2008) https://www. erpwire. com/erp-articles/failure-story-in-erp-process. htm [01/09/2010] 2. â€Å"Analysing SAPERPs success in TISCO† (2008) https://www. erpwire. com/erp-articles/saperp-success-in-tisco. htm [01/09/2010] 3. FEI 2007 Survey of SOX 404 Costs Fei. mediaroom. com 30/4/2008 [30/08/2010] 4. â€Å"Levi Strauss: SAP rollout substantially hurt quarter† (2008) https://www. zdnet. com/blog/projectfailures/levi-strauss-sap-rollout-substantially-hurt-quarter/917 18/7/2008 [31/08/2010] 5. Manish Patel (2006) â€Å"SAP Account Determination† SAP-Press publications 6. â€Å"SAP R /3 Implementation, Hosting Managed Services Pharmaceutical Industry† https://www. necgs. com/wp_sap_sanweb. php [01/09/2010] 7. â€Å"SAP website† https://www. sap. com/index. epx [25/08/2010] 8. â€Å"Waste Management sues SAP over software quality† (2008) https://www. reuters. om/article/idUSN2644069820080326 26/3/2008 [31/08/2010] [ 1 ]. This principle states that revenues and expenses incurred in earning those revenue should be matched to each other in a particular accounting period and cannot be carried forward or recognised earlier. [ 2 ]. FEI 2007 Survey of SOX 404 Costs. Fei. mediaroom. com. 30/4/2008 [30/08/2010] [ 3 ]. Generally accepted accounting principles [ 4 ]. â€Å"Analysing ERP failures in Hershey† (2008) https://www. erpwire. com/erp-articles/failure-story-in-erp-process. htm [01/09/2010] [ 5 ]. â€Å"Levi Strauss: SAP rollout substantially hurt quarter†

Indecision, Hesitation and Delay in Shakespeares Hamlet...

Hamlet – the Hesitation and Indecision Is there a plausible explanation for the hesitation by Hamlet in carrying out the ghost’s request in Shakespeare’s Hamlet? Lawrence Danson in the essay â€Å"Tragic Alphabet† discusses the hesitation in action by the hero; this is related to his hesitation in speech: To speak or act in a world where all speech and action are equivocal seeming is, for Hamlet, both perilous and demeaning, a kind of whoring. The whole vexed question of Hamlet’s delay ought, I believe, to be considered in light of this dilemma. To a man alienated from his society’s most basic symbolic modes, who finds all speech and action mere seeming and hypocritical playing, comes an imperious demand†¦show more content†¦Here in the play’s peripeteia is enacted Hamlet’s fatal error, his fatal misjudgment, which constitutes the crisis of the action, and is the directly precipitating cause of his own death, seven other deaths, and Ophelia’s madness (52). The play begins on a guard platform of a castle in Denmark: For two nights in succession, just as the bell strikes the hour of one, a ghost has appeared on the battlements, a figure dressed in complete armor and with a face like that of the dead king of Denmark, Hamlet’s father. A young man named Horatio, who is a school friend of Hamlet, has been told of the apparition and cannot believe it, and one of the officers has brought him there in the night so that he can see it for himself. The hour comes, and the ghost walks. The awed Horatio tries to speak to it but it stalks away, leaving the three men to wonder why the buried king has come back to haunt the land. [. . .] Whatever the message is that has wakened the ghost, it refuses to share it with them. (Chute 35) Horatio and Marcellus exit the ramparts of Elsinore intending to enlist the aid of Hamlet, who is home from school,Show MoreRelatedEssay on The Character of Hamlet in William Shakespeares Play1618 Words   |  7 PagesThe Character of Hamlet in William Shakespeares Play Some critics have stated that the appeal of Hamlet to the audience is his many human weaknesses, the most notable being his indecision. His deliberations and procrastinations are particularly high-lighted when he is faced with the task of revenge. The law and Christianity, around the early seventeenth century, were clear in condemning personal revenge as an attempt by man to arrogate the prerogatives of God. Hamlet’sRead MoreComparing the Characters of Faustus and Hamlet1767 Words   |  8 PagesBoth Hamlet and Faustus contain a clash of themes and traditions, all catalysed by Religion. This is used to establish a theme of deception, which greatly impacts the protagonist’s procrastination. Procrastination is considered to be Hamlet’s tragic flaw, however Faustus’s flaw is considered to be his hubris. Hamlet is in fact a play adapted by Shakespeare, not by name. But there are several scriptures that can be identified to being similar to the plot. One is called Saga of Hrolf Kraki. Believed

Accountability and Responsibility Free Essays

These two words are often used interchangeably, however, they are NOT interchangeable. Let me explain: Responsibility can be, and often is, shared. Many people are responsible to you in your NWM business – Your sponsor, the rest of your upline, the people in your organization as it begins to develop, and, of course, your company, just to name a few. We will write a custom essay sample on Accountability and Responsibility or any similar topic only for you Order Now Your sponsor was responsible for bringing you into the business, but it doesn’t stop there. In fact, the dictionary definition of sponsor is â€Å"One who assumes responsibility for some other person or thing†. Your sponsor is also responsible for helping to make sure you are properly trained, and that you receive all the necessary coaching, mentoring, and support as you begin your growing Usana business. Similarly, the rest of your upline is responsible to you and your sponsor in much the same way. And you, in turn, are responsible to everyone you sponsor into your business. Every person in your organization (which some people refer to as your ‘downline’) is responsible for conducting themselves professionally in introducing the products and business to others. Our company is responsible to all of us to provide quality products, effective business-building tools, and a robust marketing plan to help each of us reach whatever goals we desire. Accountability, on the other hand, CANNOT be shared. We often hear the term â€Å"shared responsibility†, but there is no such thing as â€Å"shared accountability†. Some would call that term an oxymoron. One could define accountability as the â€Å"ultimate responsibility†. Perhaps it would help to think of one of the quotes that former President Harry S. Truman was famous for, and that is, â€Å"The Buck Stops Here†. That is probably the clearest and most well-known statements of accountability ever made, and it leaves no doubt in one’s mind as to where the ultimate responsibility lies. Which brings me to the main point of my comments, which is that, while many people are responsible for your individual success in your NWM business, only one person is accountable for your success, and that person is YOU! That’s right, the â€Å"Buck† stops with you. Everyone of us deals with numerous obstacles in our business: skeptical prospects, competitive companies, non-committed people in our organizations, and simply just not having enough hours in the day to be able to do everything we want to. Maybe you have a sponsor who doesn’t return your phone calls. Maybe you live in a small town like Powell, Wyoming where there’s hardly anyone to talk to about NWM. Maybe your family members think you’re involved in some type of â€Å"pyramid scheme†. Maybe you have friends who were in network marketing, but gave up and claim that network marketing doesn’t work. Maybe you don’t have that brand new personal computer that you know will do everything for you. Or, maybe you’ve had some products or promotional material back ordered by Usana. I could go on for a long time listing dozens of more obstacles, and, like many of you, I’ve heard of, or experienced, almost all of them at one time or another. BUT, if you, even for a moment, blame even ONE of these, or other, obstacles for your lack of success, then you’ve given up your accountability. In fact, were Harry S. Truman here today, he’d say that you’re â€Å"passing the buck†. Accountability Responsibility Losing military property is a crime and it is unacceptable behavior that will not be tolerated. Your misconduct and neglect could have resulted in needless expense and has jeopardized the effectiveness of our organization to successfully accomplish the missions at hand. You will receive corrective training for your misconduct but any future violation will result in UCMJ action. Article 108 is a punitive article and can result in a Bad-conduct discharge, forfeiture of all pay and allowances, and confinement for 1 year for loss of property through neglect. As a leader, you are responsible for what your subordinates do and fail to do. Responsibility and accountability are two of the main factors in being a successful soldier in today’s Army. Responsibility is the obligation for the proper custody, care, and safekeeping of property or funds entrusted to your possession or supervision. Responsibility increases when you have personal control over your mission performance and when you have a single, clear set of rules that apply to a specific event. Your sense of responsibility becomes more effective and efficient when you perform out of desire to do well instead of just following orders. On the other hand, when guidelines are unclear when more than one set of rules seems to apply to an event, responsibility is decreased. This type of conduct continues, actions may be initiated under the Uniform Code of Military Justice to separate you from the Army prior to your scheduled ETS Date IAW AR 635-200. If you are involuntarily separated, you could receive an Honorable Discharge, a General (Under Honorable Conditions) Discharge, or a Under Other Than Honorable Conditions Discharge. If you receive a discharge Under Other Than Honorable Conditions, you will be ineligible for reenlistment and for most benefits, including payments of accrued leave, transitional benefits, the Montgomery GI Bill, VA benefits, and you may also face difficulty in†¦ How to cite Accountability and Responsibility, Papers

Healthcare in the US Essay Example For Students

Healthcare in the US Essay In 2001, 41. 2 million people in the United States had no health insurance coverage, and by 2004 that number rose to 45 million, which is 15. 6 percent of our population. Therefore, its no surprise that healthcare costs are the leading causes of bankruptcy in the United States Access to Health Insurance. Not only are those in poverty struggling to pay for medical bills, but even the middle class families make up a large proportion of those declaring bankruptcy due to the high costs of health insurance. Many families in the United States today, sadly have to choose between healthcare coverage, housing, and basic human needs. The lack of health insurance is undeniably one of the main problems for Americans today. Its shocking to know that many uninsured as well as insured Americans have already started making sacrifices, such as skipping medications or medical treatments, due to the rising costs of healthcare in the United States. According to the USA Today/Kaiser/Harvard poll, 28 percent of adults were unable to pay for their medical care in the past year and 62 percent of those struggling to pay medical bills already have health insurance. Thats an understatement considering how rising premiums, deductibles, and gaps in coverage are affecting so many families in America today. Healthcare premiums have risen on average of $1,000 in the past five years, and they keep rising Appleby. Price increases such as these are causing millions of Americans financial and medical problems. Therefore, many of them remain uninsured and often use hospital emergency rooms as substitutes for regular doctor visits. The lack of access to preventive health care and regular doctor visits, leads to more medical problems and can force a person even further into poverty Background on Healthcare. Most Americans depend on employer-provided medical insurance plans for their healthcare coverage. However, over the past few years employers have had to cut medical benefits due to the mounting costs and the poor economy. Statistics show that the percentage of uninsured workers in the United States has risen from 19. 5 percent to 20. 2 in 2003. This leaves many workers to pay for their own insurance through a private healthcare insurer whose costs have risen 13. 9 percent in the past year Background on Healthcare. Consequently, not only are countless of Americans losing their employee health benefits, they are also paying more for their medical insurance. Unemployed and part-time Americans who make less money or have no income at all are suffering the worst. Seeing as employer health coverage is mainly offered to those who work full-time, it leaves many people in the United States no choice but to maintain a full-time job. The United States does offer a few programs to aid Americans, two of which are Medicaid and Medicare. Medicaid is designed to help low-income Americans obtain free healthcare coverage. However, there are many requirements in order to be eligible for the program. The eligibility is determined by each state and includes: age, pregnancy, race, legal citizenship, disabilities, etc Medical Information. Hence, there is help out there for some, but many who still cannot afford healthcare do not apply for Medicaid. Since the number of Americans unable to pay for medical insurance has risen, the number of people covered by Medicaid has also gone up from 35. 6 million to 37. 5 million people in 2004 US Census. This in the end causes the government to lose more money, and if healthcare was affordable, the number of Americans on Medicaid would drastically decrease Background on Healthcare. In 2006, both the House and Senate proposed a budget cut of $20 billion to the Medicaid program over the next five years. .u8765e2e9dc6af91c42870714d95b7f56 , .u8765e2e9dc6af91c42870714d95b7f56 .postImageUrl , .u8765e2e9dc6af91c42870714d95b7f56 .centered-text-area { min-height: 80px; position: relative; } .u8765e2e9dc6af91c42870714d95b7f56 , .u8765e2e9dc6af91c42870714d95b7f56:hover , .u8765e2e9dc6af91c42870714d95b7f56:visited , .u8765e2e9dc6af91c42870714d95b7f56:active { border:0!important; } .u8765e2e9dc6af91c42870714d95b7f56 .clearfix:after { content: ""; display: table; clear: both; } .u8765e2e9dc6af91c42870714d95b7f56 { display: block; transition: background-color 250ms; webkit-transition: background-color 250ms; width: 100%; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #95A5A6; } .u8765e2e9dc6af91c42870714d95b7f56:active , .u8765e2e9dc6af91c42870714d95b7f56:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; background-color: #2C3E50; } .u8765e2e9dc6af91c42870714d95b7f56 .centered-text-area { width: 100%; position: relative ; } .u8765e2e9dc6af91c42870714d95b7f56 .ctaText { border-bottom: 0 solid #fff; color: #2980B9; font-size: 16px; font-weight: bold; margin: 0; padding: 0; text-decoration: underline; } .u8765e2e9dc6af91c42870714d95b7f56 .postTitle { color: #FFFFFF; font-size: 16px; font-weight: 600; margin: 0; padding: 0; width: 100%; } .u8765e2e9dc6af91c42870714d95b7f56 .ctaButton { background-color: #7F8C8D!important; color: #2980B9; border: none; border-radius: 3px; box-shadow: none; font-size: 14px; font-weight: bold; line-height: 26px; moz-border-radius: 3px; text-align: center; text-decoration: none; text-shadow: none; width: 80px; min-height: 80px; background: url(https://artscolumbia.org/wp-content/plugins/intelly-related-posts/assets/images/simple-arrow.png)no-repeat; position: absolute; right: 0; top: 0; } .u8765e2e9dc6af91c42870714d95b7f56:hover .ctaButton { background-color: #34495E!important; } .u8765e2e9dc6af91c42870714d95b7f56 .centered-text { display: table; height: 80px; padding-left : 18px; top: 0; } .u8765e2e9dc6af91c42870714d95b7f56 .u8765e2e9dc6af91c42870714d95b7f56-content { display: table-cell; margin: 0; padding: 0; padding-right: 108px; position: relative; vertical-align: middle; width: 100%; } .u8765e2e9dc6af91c42870714d95b7f56:after { content: ""; display: block; clear: both; } READ: Fantastic Four EssayThis cut would have caused the amount of already uninsured American to increase. Thankfully the proposed budget was not passed due to the Smith/Bingaman amendment, which was the first victory in the struggle to protect the Medicaid program Access to Health Insurance. Medicare on the other hand, is another program designed to assist those who are over 65, disabled, or have permanent kidney failure. It includes two parts, Part A and Part B. Part A consists of hospital insurance and Part B includes Medical insurance. However, they do not cover the costs of prescription drugs in most cases, and consist of many out of pocket costs as well Medicare Information. The monthly premiums have also increase 71 percent since 2000 Appleby. Another major problem with our healthcare system in the United States is the unequal rank of minorities and immigrants. The disparities in the system significantly affect a number of people in the United States. Minorities in America face the greatest risk for health problems, yet they are the part of the population that has the lowest percentage of healthcare coverage Background on Healthcare. Access to medical care is directly related to race and income, therefore minorities have poorer health than the Majority in America Battista. A survey done by the Urban Institute found that In 2002, approximately 570,000 children were both uninsured and in either fair or poor health. More than two-thirds of the uninsured children were Hispanic, yet Hispanic children accounted for less than one-fifth of all children in the United States Battista. The health benefits in the United States are clearly not equal. In reality, legal immigrants in America who arrived after 1996 are not eligible for Medicaid Gold. Immigrants who make up more than one in ten United States residents face countless barriers to obtain health care, such as poverty, language and cultural differences and, often, resentment. This practice towards immigrants and minorities in the United States is unjust and wrong, the system of healthcare in America needs to make many changes in order to provide everyone with full health care services. The United States is the only industrialized nation that does not guarantee access to healthcare as a right of citizenship. A universal healthcare system in America could eliminate many problems of the healthcare communityand provide affordable, high quality healthcare to everyone. It would also save the government money; currently the United States spends 40 percent more per capita on healthcare than any other industrialized country with universal healthcare. So why has the government not developed a better health insurance strategy? Many conservative politicians and large businesses object to the government control of healthcare and medicine because they do not want to experience a loss of revenue. While, health corporations are making a profit and using 20 to 30 percent of it on administration the Medicare program only spends 3 percent Battista. In turn, more money is going to the upper level employees in the business and less to the actual healthcare industry. If healthcare was made universal and nonprofit it would benefit the majority of Americans. Currently, the satisfaction level of United States health care is lower than any other industrialized nation. The United States is one of the lowest ranked industrialized nations in medical care, even though we have the best medical infrastructure of any nation. Quality of healthcare in this nation has been sacrificed in order for big business to make more money. People in the United States should no longer have to jeopardize their health because they cannot afford the medical care that is necessary. In America, quality should no longer be compromised so that corporations can make a profit; healthcare should not be a service that we have to shop for, but rather universal and affordable