Future Health Care

More and more people with medical insurance are relying on the health care system as new technologies and treatments become available. This leads to a grater number of claims for payment by insurance companies, the costs of which are passed back to health care consumers. The baby-boom generation is entering its peak health-care using period. Over eighty million Americans will turn 50 in the next 10 years. The cost of providing heath care for these individuals will be staggering

The baby-boomer generation is aging and adding more beneficiaries’ at an increasing rate than ever before and is estimated to impact the federal deficit by over 17% by 2020. Many other countries have National Healthcare that provides better care at a much lower cost. Medicare was the motivation for a universal healthcare plan and a program for the U.S. could have a positive impact. (Starr, 2011).

Baby boomer aging is one of the large causative factors of this increase in demand (Glicken & Miller, 2013, p.1883-1889). According to Glicken & Miller (2013), the elderly population will nearly double in the next fifteen years putting a strain on the healthcare workforce. Also, more than half of physicians have intentions on limiting care access with regards to Medicare patients. Many medical doctors are refusing to care for Medicaid patients. This is a result of the growing number of individuals now with the means to afford healthcare due to the

Medicaid is the U.S. government’s health insurance program, that furnishes health care coverage to more than 74.7 million eligible adults and children in the country ("Medicaid Enrollees," 2017), with over $553.4 billion reported total health care spending for the fiscal year of 2016 ("Medicaid Spending," 2016). As the number of eligible Medicaid enrollees grows, the amount of health care spending is presumed to accelerate. The 2016-2025 National Health Expenditure Projections showed a 5.6% per year increase in the United States’ national health expenses and a per capita growth of 4.7% per year. However, compared to 2015’s 9.7% Medicaid spending, the projected drop of 6.1% on 2016 is primarily due to the earlier year’s large influx of

In March of 2010 President Barack Obama reform Health care in America and implement a new law called the Affordable Care Act. “Millions whom previously could not afford to purchase insurance now had care drastically impacting the way health care would be delivered” (Wilson, 2010). “The Us spends 1.5 times more in health care than any other developed country and 2.5 times more than the average. At least $3000 more per person that Switzerland with comparable income yet americans die earlier and live in poorer health. Growth in the US Healthcare is Unstable , health care spending has doubled in the past 30 years rising from 9.2% of GDP min 1980 to 17.9% in 2014. Health insurance premiums have increased 97% the last decade “(Kane, 2012)

Health care in the United States is driven by a patchwork of services and financing. Americans access health care services in a variety of ways — from private physicians’ offices, to public hospitals, to safety-net providers. This diverse network of health care providers is supported by an equally diverse set of funding streams. The United States spends almost twice as much on health care as any other country, topping $2 trillion each year. (WHO.INT 2000) However, even with overall spending amounting to more than $7,400 per person, millions of individuals cannot access the health care services they need.(Foundation 2009) So when the Patient Protection and Affordable Care Act (a.k.a the Affordable Care Act or ACA) was passed in the summer

The future of America’s health care system looks bright with new innovations coming about. Advancements in technology, patient care, and access to care are all important factors to create a health care system suitable for American citizens. New health care reforms help shape our health care system to provide better care to all citizens. To implement these new reforms, the plan must be financially viable and be understood by those it effects. To improve the current health care system, new reforms should include ways to insure more citizens in a cost effective manner, offer insurance at an affordable rate, improve efficiency of the health care system, and provide higher transparency to the public.

The United States Healthcare system is different from other countries for a variety of reasons. Other wealthy developed countries have a national insurance programs based on global budgets. There are three basic models for the structure of their National Healthcare Systems. These programs, mostly cover all citizens in those countries. In contrast, the United States is yet to develop such a healthcare system. Two programs which impact the United States healthcare system is Medicare and Medicaid. The United States has different external factors which influence and shape the system. This paper will evaluate the key differences between the United States healthcare system and other nation’s healthcare systems. The differences between Medicare and Medicaid programs will be analyzed. Lastly, how managed care reduces the overall cost of care the Florida Medicare form will be discussed.

The elderly population is estimated to double in size from 43.1 million in 2012 to 83.7 million by 2050 (Ortman, Velkoff, & Hogan, 2014). The increase in the elderly population is a result of Baby-boomers reaching retirement age. The size of the elderly population will have implications for the health care delivery system due to the increased demand for Medicaid and the prevalence of chronic disease among the population. Health care shortage will continue to increase as Baby-boomer health professionals to include physicians and reach retirement age. Key opportunities include an increasing demand of advanced technology and innovation. The elderly population will increase at a rapid rate but, technology and innovation are also changing at a rapid pace. The health care industry has an opportunity to embrace advancements in technology that have a strong possibility to fill in gaps in care due to health care shortage, the prevalence of chronic disease, and the elderly

In the United States today, at any given time, there are more than forty-one million people who are without health insurance. The United States Government actuaries states that the healthcare spending in the U.S. will double by 2015-to-more than 12,300 per person and account for 20 percent of the nations GDP. U.S. healthcare costs have made health insurance too expensive for many employers to offer health insurance. Health coverage alone is taking away more than a quarter of worker’s earnings. Fewer employers are offering health insurance in America. Under President Obama, the current administration firmly believes that comprehensive reform should reduce long-term growth of health care costs for businesses and government, protect

The United States' health care industry has gone through more changes in the past ten years than any other business in modern times. Health care spending has grown exponentially over the past half-century. But for 2014-24, health spending is projected to grow at an average rate of 5.8 percent per year.1 Several factors will contribute to this growth. The population in the United States is increasingly getting older, and it is the elderly that require the most medical care. Also, medical technology has made tremendous strides during this time, and with increased technology comes an increased price tag. Rising medical costs first became an issue during the Nixon administration, and eventually

The healthcare industry in America spend $1.878 trillion in health care, comprising 16% of the gross domestic product and amount to $6,280 per capita thereby out pricing the GDP due to the rapid development of medical technology resulting in treatment of disease, rising expectation about value of health care services, government financing, growth of elderly population and lack of competitive market (Williams & Torrens, 2008). Furthermore in 2004, Medicare/Medicaid contributed to 56% of hospital reimbursement and 59% of Medicaid funding is contributed from by the federal general treasury with the states averaging 41% of the contribution resulting in $309 billion in Medicare health services while Medicaid spent $213.5 billion in 2002 (Williams

Medicare was originally created for people over the age 65 who found getting health insurance coverage difficult during a time when illness would generate expensive bills for someone in the hospital(“What is the History of Medicare?”). In the Medicare system reimbursement is a major flaw because the United States government cannot pay off all physician fees, leading to an accumulation of debt(Ranawat and Nunley 1). This accumulating debt will cause the Medicare system to run out of funds by the year 2019(Ranawat and Nunley 1). Medicaid was initially created “to provide healthcare to people who have low incomes and cannot afford health services or health insurance on their own”( “What Is The History of Medicaid”). The biggest issue facing Medicaid is World War II baby boomers are beginning to retire, meaning that less money is being paid into the program than money being paid out. Because the United States government has to pay proportionally higher healthcare costs due to inflation for the surplus of retiring World War II baby boomers, the Medicaid system does not have enough funding(Smith 1). Another form of healthcare that is struggling due to lack of funds is Social

In this chart, the chart demonstrate how health care is spend in the United States. In 2010, a total of $2.6 trillion dollars was spend in health care in the United States. Fifty percent of the spending goes to pay the cost of medical services provided by hospitals and physicians. ten percent goes to prescription drugs accounts, while prescription drugs is one of the major parts of the health care spending but this part has been some recent success in slowing the growth in spending. From 2009 to 2010, prescription drug costs grew by just 1.2 percent while hospital and physician costs grew by 4.9 percent. While private health insurance administrative costs sometimes receive a significant amount of political attention, they represent only 3.75

Health care is an endless issue that we are facing. Health care is needed to prevent, treat and manage illnesses. But, managing the United States economically makes it hard for funding of our health care. There are many advantages to our health care system. Having Medicare or Medicaid helps fund our individual medical costs. Both of these insurances are funded through our government for every individual that cannot afford to pay for health care for themselves. The cost of medical care is very expensive to individuals. Unexpected trips to the emergency room, having to visit specialty physicians, hospitalizations and treatments. It was reported that in 2008 the U.S spent $2.3 trillion in health care cost. (U.S.healthcarecostbackgroundbrief-aspx) Everyone suffers from health care coverage such as the government, employers, and all consumers. Fortunately, our president has made cost control the focus of health reform for our country. The rising of the federal deficit is causing major burdens on the funding for our health care. Realistically, it is hard