High Health Care Cost

Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage may get the best medical treatment in the world, the health of the average American, as measured by life expectancy and infant mortality, is below the average of other major industrial countries. Inefficiency, fraud and the expense of malpractice suits are often blamed for high U.S. costs, but the major reason is overinvestment in technology and personnel.

One of the issues is the increasing cost of healthcare which is dominating the health policy in U.S. this is accompanied by an increase in spending on healthcare. According to projections by the government, the spending on medical care will continue to rise. U.S spends more money on health care than any other nation globally (Holtz, 2013). The increase in the spending is as a result of improved tools for disease diagnosis, better surgical interventions among others. This raises an issue for the policy makers on the maximum GDP percentage that a country has to spend on healthcare, and whether the nation will afford the cost that is continually growing. In contemplating any change in the health policy, policy makers should consider the cost of the healthcare and the ability of the nation to support that high cost.

“The amount people pay for health insurance increased 30 percent from 2001 to 2005, while income for the same period of time only increased 3 percent.” (Source: Robert Wood Johnson Foundation). The rising cost of healthcare is a huge problem in America today. In this paper I will analyze the different issues and causes for the increase in cost.

The increase of expenses - As politicians continue their dissension amongst each other, the situation is worsening in our healthcare system. According to the World Health Organization, to achieve universal health coverage, countries need a financial system that enables people access to all types of health services without incurring financial hardship (Carrin, Mathauer, Xu, & Evans, 2011). This idea would be the foundation of innovative ideas that the U.S. could reform its healthcare system, but too many ideas are sabotaging any valid efforts. In the mean time, the U.S. healthcare system continues to deal with issues such as the increasing uninsured Americans (over 49 million), expensive administrative procedures and the inability to measure the accuracy of quality of care, access of care, and the increasing healthcare spending and financing that limit our ability to efficient utilize resources.

In recent years, health care has been a huge topic in public debates, legislations, and even in deciding who will become the next president. There have been many acts, legislations, and debates on what the country has to do in regards to health care. According to University of Phoenix Read Me First HCS/235 (n.d.), “How health care is financed influences access to health care, how health care is delivered, the quality of health care provided, and its cost”.

One of the issues that is widely discussed and debated concerning the United States economy is the healthcare system. Unlike in the majority of developed and developing countries, the healthcare system in the United States is not public, meaning that the state does not provide free or cheap healthcare services. This paper addresses many of the factors contributing to the rising cost of healthcare.

I feel honored that I have been chosen by you to be able to repair the American health care system. The American Health Care System has been on a continuous rise regarding health care costs for the past decades. Health Care can be viewed as a major topic because it touches everyone from young children, adults, and seniors. In our lives, we will seek care, which may include medical reasons, injuries, and or preventive care. With our Health Care System, it can be viewed as a conglomerate because it includes many aspects such as government agencies, insurance companies, specialists, hospitals, and employers. Moreover, even though the United States Health Care system provides well-equipped medical technology and care, there are quite a few shortcomings that shall be addressed. First off, there are shortcomings with the Affordable Health Care Act (ACA), which includes some disadvantages. One disadvantage is that employers hours are being cut down from full time to part time because they are unable to pay the costs and are only required to cover full time employees. Because of this,

The national health care spending in the United States has been growing faster than the national economy for many years, yet many United States citizens are without sufficient health care. Not only is it representing a challenge not only for the government’s two major health insurance programs (Medicare and Medicaid), but with the private sector insurance also. As health care spending rises for the nation’s economic production in the future, United States citizen may/will be faced with difficult choices between health care and other priorities to their everyday living. Nevertheless, an assortment of data suggests that opportunities exist to limit health care

United States spend a huge expense on health care that ranks number 1 among all the countries in the world. In comparison, the rank for the health quality is not among top thirty. That difference between cost and effect has always been under debate. In this aspect, government intervention is partly responsible for two reasons of increase in cost. First, given that Medicare and Medicaid offer limited part of the price but commercial insurances can offer

Modern health care is a policy revolving around a system that allows individuals to access medical services in order to maintain or improve physical and mental health. There is not universal coverage throughout the world, and some individuals have the access and coverage vital to their wellbeing. In the last decade, healthcare cost have been rising at a steady rate on a worldly scale. Numerous industrialized and developed countries are being exposed to a steady fluctuation within the structure of the system, and the question on how to control and prevent further increases has yet to be solved. A large percentage of the GDP for developed countries is currently being spent on the healthcare system. Countries such as the United States spend around 17.7% of its GDP on healthcare, with the Netherlands spending the second most at around 11.9%. This widespread increase on healthcare expenditures is only going to increase as time progresses, unless a new universal system is implemented that will help control the cost worldwide.

Cost is a critical component of any health care system. Proper health care system ensures that a large part of the population can access good quality health care at low cost. If not well organized it might take a large part of national income and still not be able to serve a significant part of the population. The health care delivery system of United States is excellent compared to that of other countries; however, the health care alone takes 17% of gross domestic

US health care expenditures have been rising quickly over the past few years; it has risen more than the national financial system. Nonetheless a number of citizens in the US still lack appropriate health care. If the truth be told, health care expenditures are going to continue to increase; in addition numerous individuals will possibly have to make difficult choices pertaining to their health care. Our health system has grave problems that require reform, through reforming, there is optimism that there will be an increase in affordable health care and high-quality of care for America. Medicaid, Medicare and private sector insurances are all going through trials and tribulations because of

The cost of healthcare has been on the rise in recent times and is worrying to every stakeholder in the healthcare industry including the patients. Some of the reasons historically includes a high rate of inflation which has resulted in high prices of medicine such as in the recession period and also new drugs and technologies that require greater expertise and expenses. The role played by regulation authorities and competition within the healthcare systems has led to costly improvements which also have a direct impact on the cost of health care. Lastly, through managed care, health services regarding the cost have played a huge role in reducing medical costs for an extended period of time. However, with the increase of many patients through

Clearly, The United States health care system is the largest industry in the United States and even the world. Currently, health care represents approximately 14% of the United States gross domestic product (GDP). Health care expenditures continue to grow; for instance, in 2001 the market grew to $1.5 trillion and the growth expectation is that health care cost will reach nearly $2 trillion dollars by 2007 (Torreblanca, Friend & Oasterom). Currently, the government leads the healthcare market so it is crucial and beneficial to healthcare patients to understand the United States health care systems. Medical care is a finite service for monetary compensation and changes in demand may occur because of the absence or presence of health insurance plans.

I believe that spending on healthcare can be different because Americans are saving more but bad for the economy. Healthcare in the United States can be expensive and a challenge. The reason why that healthcare in America is expensive is because everything is all about the price. For example, when we go visit the doctor, it would costs more. Being an American in the United States leaves the negotiations up to the individuals who are insured. Sometimes, it would result of them losing. Another example would be hospitals in the United States would tend to throw technology at their health problems and if a patient suffered a heart attack, than it would need to be treated with tests or scans and that would also drive the price of visiting the doctor.