Medicare Is A Popular Choice Of Insurance Coverage

1406 WordsSep 18, 20156 Pages
The US triumphs by spending about 17 percent of its Gross Domestic Product on healthcare, making it the largest percentage of any country in the world. The government provides assistance in healthcare to many people, whether it be Medicare or Medicaid. Employers are the main source of health insurance in the United States, many offering their own health insurance plans that the employee can choose from. The most common types of health insurance are Medicare, Medicaid, Obamacare, or a private insurance offered by employers. Today, in the United States, government programs pay about 47 percent of the healthcare costs. (Winkfield) Although healthcare in the United States assists several people, many are still uninsured due to the cost and the…show more content…
healthcare system is financed by premiums, the collection of cash paid for health insurance. At the same time, healthcare providers must be reimbursed for the services that are distributed. The responsibilities for these are shared by insurance companies and the government. The U.S. is one of the only developed countries that does not provide healthcare for all its citizens. Though the cost of the healthcare system in the United States is the most expensive in the world, there is a large percentage of Americans that have no health insurance. Healthcare is the country’s largest economic division, larger than the national defense. Although, millions of people cannot afford to take care of their health needs. Insurance premiums have almost doubled in the last eight years, making health insurance for millions out of their grasp. Growing medical bills are continuously leaving families in debt. Hospital emergency rooms are pushed beyond what they can hold, as millions of sick people with no health insurance, are still going to emergency rooms, which by law they cannot be turned down. With millions of uninsured people unable to get proper healthcare, overloaded hospitals and increasing costs, America’s healthcare system is deteriorating. (Ganesh Srinivasan Consulting ) The healthcare system is organized in a unique way. The main way Americans receive health insurance coverage is through their employers. These plans are
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