How Capitalism Can Save American Healthcare

The delivery of the U.S. healthcare system has changed drastically over the years from the inception of organized healthcare to today’s underdeveloped system. Prior to the 1920’s,

There is a vast difference between the economic systems of capitalism and socialism. While both are ways to govern a country’s market, they vary tremendously when looked at in depth. Capitalism is more effective and it encourages business growth and economic risk.

Since the advent of health insurance in the 1950s, there have been many models of care that are come to the scene in an attempt to both control cost of care and improve quality of care. Insurance models came into being because the fee for service model used until then was proving to increase cost of healthcare without any measure of quality of services and care provided. Health insurance models have evolved from the basic hospital offered insurance to employer sponsored coverage plans. The US health system is broken both financially and quality wise with more than 20% of gross domestic product being spent on healthcare (Blackstone, 2016).

The American Health Care system needs to be constantly improved to keep up with the demands of America’s health care system. In order for the American Health Care system to improve policies must be constantly reviewed. Congress still plays a powerful role in public policy making (Morone, Litman, & Robins, 2008). A health care policy is put in place to reach a desired health outcome, which may have a meaningful effect on people. People in position of authority advocates for a new policy for the group they have special interest in helping. The Health care system is formed by the health care policy making process (Abood, 2007). There are public, institutional, and business policies related to health care developed by hospitals, accrediting organizations, or managed care organizations (Abood, 2007). A policy is implemented to improve the health among people in the United States. Some policies

Impact to Healthcare organizations - These increases in cost raise questions of health care expenses at the hospital level. As higher profits are sought, the cost will become unstable for all, thus causing many to postpone going to the doctor. However, there are many complicated problems associated with our healthcare system. We will focus on main issues that can correct many related problems within the current structure. More importantly, we need to find ways to ensure all Americans have access to health care; and we need to hone in on how we can get the best value for the $2 trillion dollars we spend annually on healthcare.

Creating a health care reform plan for the U.S. health care system is no easy task. Multiple things must be taken into consideration. These include making insurance affordable, making sure the plan is economically feasible, and creating a plan that will still work in the future. What hindered the reshaping of health care into a sustainable system in the past, are the health sectors interests that prefer the status quo. By continuing to cling on to yesterday’s model, the health care industry is creating its own peril (Schaeffer, 2007).

The paper is broken up in to three sections. In section one, we will discuss the problems with the American Healthcare system and we will try and clear up some of the often misrepresented facts about the healthcare problems and solutions to fix them. In section two, we will present some of the solutions being put forward to fix the healthcare system, including plans by both Presidential Candidates

Understanding the complex structure of the many health care subsystems in the United States goes a long way to explaining why it is often so hard to get anything done or to create change; a system this complicated does not move quickly or easily—or sometimes, at all. Understanding that the system is made up of multiple separate and unconnected collections of financing and provision of care reveals how difficult it is to carry out any reasonable system-wide planning for the entire system and the entire population (Williams, Torrens, 2007). For these reasons the implementation of the Affordable Care Act, the first of its kind in American history, may change the way policy is implemented in the future. The Affordable Care Act (ACA) was the first policy to be implemented while breaking almost all of the old legislative rules about communication and public comment and consumption.

Our healthcare system needs major restructuring. Major improvements needs to begin with "all health care organizations, professional groups, and private and public purchasers should adopt as their explicit purpose to continually reduce the burden of illness, injury, and disability, and to improve the health and functioning of the people of the United States", (Crossing the ……, 2001).

Everyone has their own views on what they think the United States healthcare system should consist of. Consequently, the healthcare system has been flawed for many years and does not plan to change anytime soon. According to Luft (2006), “rapid and wide-reaching technological innovation, the ready access to care for the insured, and clinical and patient autonomy” (p.1). These are some of the strengths the US healthcare system are proficient in providing. In contrast, the weaknesses of the healthcare system outweigh the system’s strengths. Luft (2006) examined and acknowledged the following:

There is an ongoing debate regarding the potency of the new health care reform—Patient Protection and Affordable Care Act—from the outset of its proposal. Many attempts had been presented in the past years but the root of the issue remains prevalent today, that there is a lack of quality in its delivery and the cost of care is continuously increasing beyond national economic edges. In this manuscript, we will discuss several factors that can positively sway the long-term significance, impact, and structure of the United States health care system. Many are wondering whether the Universal Coverage, to which will give more control and

Many employees must designate a health plan through their employer. These days, as HMOs (health maintenance organizations) and managed care plans continue to proliferate, that means a choice between bad and worse. As employees line up in the lunch-room for a process called open enrollment, they may be surprised to learn that managed care rates have gone up — again. The mirage that managed care is cheaper care is finally fading. And, for the first time in years, employees may also have the promise of free choice in medicine in the form of a new method of financing health care. Consumers are already aware of horror stories involving HMOs, but cheap rates persuaded many that managed care is less expensive. Recent

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

Providers and insurers once motivated healthcare, however, the requirement for advanced healthcare as information became accessible posed a bigger demand. Konschak and Jarrell (2011) describe consumerism, as a “major development poised to profoundly and irrevocably have an impact on all healthcare-field stakeholders” (p. 7). In the 1960s, the idea of consumer-driven health plans (CDHP) became a driving force from patient-centric to consumer-centric. Consumer-driven health plans, as defined by Oldenburg (2013), are “high-deductible plans paired with a health savings account” (p. 139). In the past, the patient would take on the role as an inactive participant while relying on the decisions made by the physician and the health plan. However, with

Living in the 21st Century most of us, if not all, have been lucky enough to witness the technology revolution that is occurring at an exponential rate. Phones are getting lighter, computers are getting faster and the Internet has become more accessible than ever. One would think that having all this technology and information around us; it should be quite easy launching a healthcare site for the use of millions. That is where you would be wrong. The US Government landed themselves into a similar predicament when they underestimated the complexity behind producing healthcare.gov, a site created by the Obama Care administration in hopes to help millions of people obtain health insurance. Healthcare.gov is a federal site that facilitates purchase of private health insurance for consumers who reside in the states. The site was launched October 1st, 2013 and was instantly met with many technical issues. So much so that even Obama himself expressed his frustration as 98% of the first 20 million people who accessed the site had issues ranging of website outages and technical malfunctions. The Centers for Medicare & Medicaid Services (CMS) was able to later perform corrective actions and roll out health plans for millions of Americans across the United States, but not before surpassing its budget by nearly 1.6 billion dollars. Needles to say the execution around Healthcare.Gov was handled poorly and raised concerns regarding the effectiveness of the CMS management. In this report