Cost of Health Care

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School

Keiser University *

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NHSFPX4000

Subject

Medicine

Date

Apr 3, 2024

Type

docx

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Uploaded by ColonelBearMaster505

The Cost of Health Care Midley Joseph Capella University NHS4000: Developing a Health Care Perspective Professor Susan Patterson March 6, 2024

2 Cost of Health Care Over the past decades, healthcare costs have risen at an alarming rate. Rising costs are one of the most pressing issues with regard to healthcare provision because the financial affordability of healthcare is one of the leading barriers to healthcare seeking (Fazal et al., 2022). The substantial expense associated with healthcare services presents a notable obstacle for both patients and the healthcare system. Undoubtedly, the continuously rising expenses in healthcare are of utmost importance to me as a healthcare professional. As a healthcare provider, I have firsthand experience witnessing how unaffordable healthcare costs affect both patients and the healthcare system. The significant barriers individuals encounter in accessing necessary medical treatments are primarily due to the high expenses associated with healthcare. As a result, instances of treatment postponement or complete avoidance are frequent, thereby exacerbating health problems and potentially leading to increased costs in the long run. It is important to note that the high costs of healthcare are not a burden to the patients only; rather, it is a challenge that impacts all the stakeholders, including healthcare providers. The ever-increasing healthcare costs should, therefore, be addressed to ease the burden on all stakeholders within the healthcare system. Search Criteria, Article Selection, and Assessing Credibility and Relevance of Information Sources In my research, I searched through trusted databases like PubMed, MEDLINE, and Google Scholar, using key terms like "healthcare financing," "out-of-pocket expenses," and "health economics." I made use of keywords such as to ensure that only the articles that were related to the overall topic were returned from my searches. In addition, I limited my search

3 results to present articles published within the last five years to meet the requirements of currency and relevance of this literature. I made sure the articles I chose were reliable by ensuring that they came from peer-reviewed journals and that the information they provided was still pertinent to the discussion on healthcare expenses in today's healthcare environment. Annotated Bibliography Crowley, R., Daniel, H., Cooney, T. G., & Engel, L. S. (2020). Envisioning a Better U.S. Health Care System for All: Coverage and Cost of Care. Annals of Internal Medicine, 172(2), S7. https://doi.org/10.7326/m19-2415 In this article, which notably is part of the American College of Physicians policy framework, Crowley et al. (2020) discuss how supportive policies can address the issue of rising healthcare expenditures. As per my research, the rising costs of healthcare have not resulted in improved healthcare outcomes in equal measure, which, therefore, means that increasing expenses of healthcare services do not necessarily lead to better results. In light of this, it argues that there is a gap in addressing the rising costs of healthcare that can be closed through policy intervention. The policies should ensure that healthcare becomes affordable while ensuring that the patient's outcomes are enhanced. As per the article, the policy landscape offers a great potential solution to the rising costs of healthcare. More precisely, policy interventions should target cost concerns using approaches such as VBP and the Single-Payer Model. As an advocate for lowered costs of healthcare services, it is important to understand the role of policy-making in addressing the pressing problem of healthcare costs, which means that this article is highly helpful.

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