Current and Future Economic Issues Impacting Healthcare Sector

2827 Words Jun 28th, 2015 12 Pages
Current and Future Economic Issues Impacting Healthcare Sector

S. Ruff Dr. Merle Point-Johnson HAS 510 June 15, 2015

Abstract Not unpredictably, the increases in health care spending and the share of GDP dedicated to health care have raised up concerns about the negative influence of health care cost inflation on the U.S. economy. In an era of global economic markets, these concerns are reinforced by the status of the U.S. as a spending outlier among competing nations. The major concern is that rapid increases in health care spending can affect major economic indicators such per capita GDP, employment and inflation. The effects are likely to occur across all sectors of the
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This has ominous consequences for everyone, including staff, patients and the general public. There is a reduced amount of money coming in from all sources, including the government, and private and public sectors. As a result, hospital commissioners have had to come up with some creative ways to manage their hospitals; regrettably, this has come at a price to the unsuspecting general public. Cleaning staff and standards have been reduced; nurses and doctors are overwhelmed with jobs and tired; there are not enough beds to provide accommodations for patients, and wait times for diagnostics and surgery are much longer than they have been in the past. More Uninsured Families is another issue: With the unemployment rate near an all-time high, many people have lost their insurance that was offered through their job. Many families are not in the position where they can afford to carry the cost of insurance on their own. Though insurance companies are out to make a profit, and there are some circumstances where if you have a pre-existing condition that there will not be any coverage that’s provided (Bradley, 2012).
This leaves families, and especially children, susceptible to illness, disease, and possible death. As the unemployment rate rises, this problem will continue to worsen, and will have dire consequences. Obesity is on the Rise: It seems that people are more conscious