RECENT ASSIGNMENT

Due 7th April
Assignment on Professional task on risk analysis:
Risk analysis on Private Health Insurance product tiers (800 words):
https://www1.health.gov.au/internet/main/publishing.nsf/Content/private-health-insurance-reforms-fact-sheet-gold-gilver-bronze-basic-product-categories
The Department of Health has requested a risk analysis to illustrate the potential risks of this change to the health system. The Department have asked that your analysis illustrate the likelihood of risks occurring and the scale of their impact, as well as your approach to managing the risks you have identified by completing the table below.
Key
L = Likelihood (5=Almost certain, 4=Likely, 3=Possible, 2=Unlikely, 1=Rare) C = Consequence (5=Severe, 4=Major, 3=Moderate, 2=Minor, 1=Negligible) R = Risk level (4=Extreme, 3=High, 2=Medium, 1=Low)
When considering the risks, think about the impacts on the various components of the health system, as well as the impact on providers and patients, including vulnerable populations (elderly peoples or CALD group or person with disability). Consider how core principles of public health such as universal healthcare are endorsed (or not) by this health system/policy reform.
Assessment criteria
• Comprehensive estimation of risks
• Assesses the likelihood of the risk being realised
• Assesses its impact (consequence)
• Assesses the risk level
• Realistic risk management plan
Note:
Write simple understandable English.
Please provide latest references.