Impacts of National Healthcare Reform Essay example

3338 Words14 Pages
Healthcare in the United States has become one of the biggest, most debated issues in today’s society and people express concerns over quality, accessibility, choice, cost and dozens of other factors. Politicians on both sides of the aisle have tried to use healthcare issues to their advantage, Democrats talking about the right that all Americans should have to quality healthcare while Republicans hammer on the tremendous cost and its impact on the government’s deficit and on business. With the passage of the Patient Protection and Affordable Care Act (PPACA) on March 23, 2010, the debate has intensified. The Centers for Medicare and Medicaid Services, the US governmental agency that administers Medicare and Medicaid, found that the…show more content…
Clearly, health care in the United States has become far too expensive, we spend more on health care than any other country in the world. Recent data indicates that we spend over two trillion dollars annually on health care, representing over seventeen percent of the gross domestic product (GDP) and these numbers are growing fast. It is estimated that by the year 2025 health care spending will be twenty-five percent of the US GDP. This spending level is over two and a half times more per capita than the average of the thirty four countries in the Organization for Economic Cooperation and Development, which includes most of the developed countries of the world. Yet, despite these high levels of spending, of the countries in the OECD only the United States, Turkey, and Mexico do not have universal healthcare coverage for their citizens. The high cost of health care in the United States clearly has a negative impact on the competitiveness of US businesses. Health insurance premiums in the US have gone up 114% over the last decade, becoming one of the largest expenses for most companies. General Motors spends over five billion dollars annually on health care for their employees and retirees. This represents almost two thousand dollars for every car they sell. This is a huge competitive disadvantage for GM because companies like Toyota, Honda and Volvo pay far less for health care
Get Access