Direct Costs In Healthcare

The high dispersion of diabetes, especially through the aging population, comes at a considerable economic cost. Health care expenses for individuals with diabetes are 2.3 times greater than expenses for those without diabetes, and diabetes complications account for a significant amount of those cost.

Costs incurred in the management of diabetes can be categorized as either direct or indirect, direct being the costs incurred in the management of the disease through medication, laboratory tests, physician and nursing care. Indirect cost, on the other hand, includes the cost of incurring a loss of productive individuals since the disease is associated with high mortality and morbidity. Over time the cost of management of diabetes has been rising with the increasing number of new cases of the disease. The cost of care for instance in 1980 ranged between 14 and 20 billion dollars. However, in 2002 the cost had increased to $132 billion, while the cost of managing the disease in the year 2007 was estimated at $174 billion in the United States

The percent change in spending for heart disease was attributed to a 68.6% increase in cost per treated case and a 30.3% increase in the population treated. Heart disease spending was the largest among 15 medical conditions experiencing the largest rise in spending. Interestingly, the rise in cost per treated hypertension case accounted for 60% of the overall growth in spending for hypertension compared with a 19% rise in treated prevalence of the disease. This was attributed to the emergence of new and more costly antihypertensive drugs. In contrast, 50% of the rise in health care spending for diabetes was a result of a rise in treated prevalence and only 24% was attributed to an increased cost per treated case. The total spending for diabetes increased from $8.6 billion in 1987 to $18.28 billion in 2000. Spending for diabetes will surely rise exponentially in the next 10 years because of the continued increase in prevalence of the population being treated and an increased cost per case as new diabetic drugs enter the pharmacologic armamentarium. The spending for diabetes and the spending for heart disease are obviously intertwined.

need for increased understanding of the economic, and societal seriousness of diabetes and its complications, and of the escalating costs to individuals, families, workplaces, society and governments.

It is no secret that the US healthcare has many issues in its system. Especially, when you compare it to other countries like: Great Britain, Japan, France, Canada etc. According to Sultz and Young states that “The United States ranks eighth behind all of these nations in life expectancy at birth, highest in infant mortality rate, and highest in the probability of people dying between the age of 15 and 60 years.” The US healthcare system has many issues like a large number of uninsured According to Sara R. Collins, Munira Gunja and Sophie Beutel in the 2014 census 33 million people were uninsured. Other issues are medical professional shortage, medical error or infection, people using apps to diagnose themselves, and rising cost of care. The main focus in these paper will be the rising of cost. The cost of current health care explains for most of the issues that is happening in this country.

The nation health care system is facing significant challenges that requiring immediate major reforms. Lately close attention is drawn to the uninsured Americans, such as the most painful dilemmas of health care system. The problem of uninsured and uncompensated care continues significantly contribute to the rise of the health care cost and has been a chief topic for public debates and political campaigns for a long time. The purpose of this paper is to describe the current extent of uninsured care and provide the strategies from the nursing point of view how to change the trajectory of this prevalent issue in the USA health care system.

The manufacturing components, including the manufacturing of pharmaceuticals and medical devices are one of the cost-inducing entities of healthcare. Inflation “ a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services “(Merriam-Webster 2010) specific to healthcare cost is directly related to the inability of the United States healthcare systems to ration the goods and services in accordance to funding. Healthcare cost is one specific entity that rose significantly in the last thirty years (Wong,2010).

Over the previous decades, obesity has developed into a major global epidemic. In the United States, more than two-thirds of adults are overweight and one-third is obese. Research to date has accepted at least four main groups of economic influence linked with the obesity epidemic. Direct medical costs, productivity costs, transportation costs, and human capital costs are all prime examples. Although more complete analysis of costs is needed, large economic influences of obesity are identified in all four categories by existing research.

Health care costs have become a major issue in the United States, both socially and politically. According to the U.S. Census Bureau, 50.7 million people, or nearly one in six U.S. residents, were uninsured in 2009 (Kaiser Health News, 2010).This is because the high cost of health care has driven the cost of insurance out of the reach of many Americans.

When you think about health care cost and what was done in the past to help people who could not afford it to be able to get coverage now. Many people will not be able to afford to get the mandatory coverage and if they do, they will not be able to afford to see the physician or take the medication that they needed. Some of the plans worked and others helped for short periods. With other countries, finding ways to make it work for them and stakeholders more worried in the U.S.A. over their assets. With the rise of the older generation living longer but having more health issues is a reason to look into getting better coverage that is affordable for all for health care.

The cost of health explains almost half of the budgets of the state from financing the Medicaid program to providing health care for the employees of the state and other less qualified population like the prisoners (Vanderbeaux, 2014). In America, thousands upon thousands of decisions concerning health care are made by State legislatures every year (Vanderbeaux, 2014). Some of those decisions involve how best to provide appropriate care more efficiently, and deciding on what age group of patients needs to be immunized (Vanderbeaux, 2014).

Everyone wants to have access to health care and in order to access it they need insurance, but unfortunately not everyone can afford health insurance. The United States spends more money on health care than any other country, but raise the cost of health insurance to the citizens. Health care should be affordable if the government is willing to spend as much money as they are on it. Health insurance should be able to affordable to all classes lower, middle, and higher. The citizens of the United States has the right to know why their insurances cost are going up and if they are going to get more bang for their buck. The reason why

Cost, the number one thing on people’s mind nowadays. People’s worry about the cost of healthcare usually leads to them being uninsured. For my healthcare system, I want it to publicly funded by public taxes (private donations are always welcome), similar to how healthcare in Europe is modeled. For check ups and routine things, the cost of those visits will be covered, if one visits a preferred doctor provided by the healthcare company. But if the medical expenses go over a certain amount, the patient will have to pay a percent of the cost. Such as if you go to the doctor a yearly check up, that visit will be covered. If the doctor happens to find a brain tumor and surgery is required and the costs exceed the amount able to be covered, a percentage of the remaining amount will be billed to the patient and the rest paid for by the healthcare system. I believe this is the fairest way of rationalizing and dividing up the cost and the money of a healthcare system. Routine things should not cost an arm and a leg, I believe they should be free to promote good health and wellness. But at the same time, the system should not be completely free, because then taxes would be ridiculously high. Also, to make sure patients are not getting ripped off, I would impose price control. This would only affect doctors that are under our healthcare system. Private practices can continue to run independently since they are not funded by the public. Although the public doctors will get paid less,

There have been several failed attempts over the years to control the costs of healthcare. Consequently, a major change in government policy took effect in 2010, with additional implementation in 2014, which is known as Obamacare. Furthermore, there are three main problems with the healthcare system in the United States that need reform, which include increasing costs and unaffordability of healthcare, restricted access to care, and poor quality of care (Geyman, 2012). The purpose of this paper is to investigate the costs of healthcare.

After PPS introduction, labor cost became the highest area of cost in the hospital. Moreover, PPS of managed care also requires holding medical cost constant in the very competitive market field. In order to save labor cost following three ways are important.