High Health Care Cost

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.

In United States of America, there are some problems that the medical sector of the country is currently facing. The major issue that the country is facing today is the issue of High Healthcare Cost. The rate at which Healthcare costs in the United States are rising is about two to three times faster than the rate of inflation. This trajectory is not justifiable. There is really a high increase in the Health care cost of America. Something is going to have to give. A lot of people are deeply feeling it and also the nation of United States are being punished on multiple fronts due to the rising of health care cost. The soaring cost of medical care has forced hard choices

The U.S. has experienced a dramatic change over the last decade. Health costs have continued to rise and have become unreasonable. The spending of health care costs has affected the citizens of the U.S. as well as health care facilities negatively. Americans are not capable of paying for health expenses on their own. There are some reasonable options that have been suggested as a solution to this issue, but have not been successful. For example, aids such as health insurance and Medicaid help with a certain percentage of the overall cost, but people are still left to pay for health insurance premiums and the remaining expenses that the insurance does not cover. Also, the government has contributed a large amount of money towards healthcare supplies such as prescription drugs, but there are some consequences such as the future researching for drugs and other cures for illnesses being hindered. Although relying on the government to contribute to rising health costs seems like the best solution, there are consequences which causes a drastic effect on Americans and future research on cures for diseases.

When it comes to health care, cost is one of the biggest problems. Something needs to be done in order to make it possible for patients, families, and businesses to be able to afford health care. US does not always spend health care dollars in the most productive way. The cost of cancer treatments alone can cost up to hundreds of thousands of dollars, and the only way to pay for that is to raise the cost of the insurance to the patients. Cost is defined as the “price” of healthcare. The “price” or cost can come from various places such as, the physician’s bill, the cost of prescriptions, as well as what the employers pay to cover their employees. The cost of treatments, emergency room visits, medicines, the cost of newest technology and etc. is what is making our increase in cost rapidly. The rising costs leads to becoming a financial burden to families, even the ones that have health insurance, which can typically result in individuals not receiving the health services that they need.

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.

The rise of the cost of healthcare has been a hotbutton political issue in the United States in recent years, especially with the passage of the Patient Protection and Affordable Care Act, commonly known as Obamacare. In 1995, the United States spent a little over 13 percent of its GDP on healthcare. By 2013, spending on healthcare had increased to around 17 percent of GDP (World Bank). This trend is projected to continue; healthcare spending will reach some 34 percent of GDP by 2040, with state and federal Medicare and Medicaid spending reaching 15 percent of GDP (Council of Economic Advisors). For comparison, the entire US federal government spent only 20.7 percent of GDP in 2015 (Office of Management and Budget 163) What is driving this

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.

“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.

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,

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

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

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.

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.

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.

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