HCS 440 week 3 Health Care Spending

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Health Care Spending Carrie "Shellie" Cobbs Economics: The Financing of Health Care HCS 440 George Atkins December 15, 2013 Health Care Spending The American Dream is described by The Free Dictionary as, “An American ideal of a happy and successful life to which all may aspire” ("Definition," 2013, p. 1) yet this can mean different things to different people. To this student it means happiness, prosperity, health, freedom, and the ability to makes choices according to what this student believes in. For other people, the American Dream will mean similar and probably different things. To many Americans the ability to have health care is a part of the American Dream. Obtaining health care insurance and being able to choose the…show more content…
1). Private health insurance is another way of paying for health care. The associated costs of health care are offset according to the policy the person has purchased. Private health insurance costs are paid by premiums, deductibles, and co-payments from the insured person. There is also the portion of people who are uninsured and are considered self-pay patients. These uninsured patients represent a large part of unpaid services. Although, not all uninsured patients leave bills to be absorbed by the health care system many do, and this increases the costs of health care to be absorbed in other areas. Forecast of Economic Needs of the Health Care System The CMS states “In 2014, national health spending is projected to increase to 7.4 percent, or 2.1 percentage-points faster than in the absence of reform as the major coverage expansions from the Affordable Care Act (ACA) are expected to result in 22 million fewer uninsured people” ("Public Health Care Needs," 2012, p. 1). The complexity of health care spending and funding is a hot topic in the federal government, the media, and consumer. In this students experience many patients are aware that changes are coming, but the patients are very opinionated by their like or dislike of the President of the United States. This student has found through daily

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