Ideal Health System : Cost

Health care spending in the United States of America as a percentage of the economy has reached astonishing heights, equating to 17.7 percent. This number is shocking when compared to other counties; in Australia health care is 8.9 percent, in United Kingdom 9.4 percent, in Canada 11.2 percent. If the American health care system were to hypothetically become its own economy, it would be the fifth-largest in the world. While these statistics sound troubling, they lead us to look for answers about the problems surrounding our system. The first health insurance company was created in the 1930s to give all American families an equal opportunity for hospital care and eventually led to a nationwide economic and social controversy that erupted in the 1990s and continued to be shaped by the government, insurance companies, doctors, and American citizens. In this paper, I will go in to detail about the various opinions regarding the controversy, the history behind health insurance companies, and the main dilemmas brought out by the health care crisis. Greedy insurance companies combined with high costs of doctor visits and pharmaceutical drugs or the inefficient hospitals all over America can only describe the beginning to this in depth crisis. Recently, the United States health care industry has become know for the outrageous costs of insurance models, developments of various social and health services programs, and the frequent changes in medicinal technology.

Recently the Untied States top priority has been to provide accessible and affordable health care to every American. Those that lack access to coverage find it much more difficult to seek proper treatment and when they do they maybe left with astronomical medical bills. The CommanWealth Fund found that one-third or thirty three percent of Americans forgo health care because of costs and one-fifth or twenty percent are thus left with medical bills that have problems being able to pay. The federal government, through the Affordable Care Act (2010), has mandated that every person have health coverage in order

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).

A major contributor to the rise of healthcare cost is that heath spending for individuals is primarily funded by third-parties. Because consumers of healthcare share little of the financial burden of the cost of the care they receive, patients and physicians are incentivized to utilize healthcare at a higher rate than they would if cost was a larger factor. The United States healthcare systems is based on a capitalist system but it operates in an imperfect marketplace that is no competitive. The current marketplace is not highly regulated as there is not a national health care program for all Americans which allow prices to be regulated and controlled effectively by a single regulating body. In this imperfect

Healthcare has progressed immensely throughout human civilization. From dancing to scare away evil spirits, to growing living organs in laboratories. No matter how advanced or archaic the treatment, we all as humans strive for the continuation of our life. As populations grew, organized healthcare delivery became a critical component to a healthy society. Many approaches to delivering healthcare to a large population have been created, but one variable remains constant in any solution to healthcare. Healthcare costs money. A lot of money. And someone has to pay, but where the differences between

Economic freedom of individual health choices is the overall purpose for Consumer Driven Health Care (CDHC). Freedom of picking the wright policy that fits the specific needs and wants of the consumer. Allowing for the individual to pick the health care provider of their choice is another facet of the program. These choices allow for a more personal approach to finding not only the health care plan but also the provider that the consume may feel the most comfortable with. The end state of which is that the consumer has more control over their health care choices and decisions, rather than

The U.S. has experienced a dramatic change over the last decade. Health costs have continued to rise and have become unreasonable. Health care spending in the United States is expected to reach about $4.6 trillion in 2021.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

Health care disparities are the main crux of the American health care system because while American enjoys some of the most advanced health technology the world, it is very much market based, causing health care inequality. These inequalities force people of lower socioeconomic status without insurance to visit emergency rooms once their health problems are catastrophic, expensive, and difficult to treat. By transferring the health system to a proactive system with increased medical education and governmental subsidization, a patient will not only experience diminished health care costs, but also an improved quality of

There are many reasons to question the goodness of Obama’s proposed health care bill. However, by looking at the bill closed-minded, the true potential is never seen. Of course continuing with the current United States health care system is always an option, but without reforming the system, expecting to see higher costs is inevitable. One thing that Americans need to strive for is making health care more affordable, which is the key to making the United States health care system sustainable once again (Mango & Riefberg). Currently, The United States health care system is the world’s largest, but it is also the most expensive.

With so much attention surrounding today’s healthcare reform, it is difficult to know which form of healthcare system would be the most beneficial. Free-market ideology has been playing out in health care even in the absence of a real free market (McLaughlin & McLaughlin, 2015). Free-market in my opinion would be the most beneficial but unfortunately it is not the most realistic. The advantages of the free-market are the large numbers of buyers and sellers. Similar to car insurance it allows consumers the ability to buy the healthcare coverage of their choice. In addition, it keeps costs down when the market is more competitive.

The United States’s and Switzerland’s health care systems are compared and analyzed for this written assignment. The United states do not have a universal health care system. It has a regulated healthcare market system composed of private insurance companies, health maintenance organizations and preferred provider organizations. Tricare is health insurance for military, spouses,dependents and beneficiaries.(Cherry, B, (2014)) Government funded programs provide health coverage for the unemployed, elderly, low income and retired. “100 million Americans receive health insurance from government funded programs.” (Centers for Medicare and Medicaid, (n.d)) Government funded programs are Medicare, Medicaid and

American Healthcare System In this paper, the American healthcare system is evaluated with the aim of identifying the pros and cons of the entire system. The system is one of the most competitive whereby people with financial power access better healthcare than the ones with comparatively lower purchasing power. The system has been affected by the culture of capitalism such that the social amenity aspect of the healthcare is no longer in play (Chang, 1). It has also been purported to be one of the most inefficient systems with the costs of availing medical care too high and unsustainable to the majority of the people.

To do this requires disruptive and transformational changes in how we pay for medical care, how we fund preventive medicine and public health, how we manage medical information, how we incentivize and pay healthcare providers, how we incentivize ourselves to take better care of our health, and how we assure that everyone has both access to care and the means to pay for it. This book is designed to inform the average healthcare consumer as well as the healthcare policymaker about what works and what does not in our current medical care delivery system, how it is changing, and how each individual's own actions can influence their health, the quality of their care, their healthcare costs, and their satisfaction with the healthcare they

In 2001, Consumer-Driven Heathcare plans were introduced (wall street journal ref) Consumer-Driven Healthcare plans (CDHP) can be combined with Health Savings Account (HSA), Health Reimbursement Acocunt (HRA) or Flexible Spending Accounts (FSA). The idea of conjoining the two assists the consumer with paying for their deductibles, by using their HRA, FSA and HRA’s. The idea of utilizing Consumer Driven plans is to help decrease unnecessary claims and allow for more health consensus individuals. CDHPs were develop to assist in the rising health care costs and provide individuals with control over their health care endeavors.

Health care in the United States is the most expensive in the world, and the subject of such will be a continuous one. The United States offers many programs, government and private owned to help people obtain and pay for health care. The United States health care system is reforming to quality over quantity and finding that too much might be one of the important causes to the high cost of health care.