Rising Cost of Health Care
April Scoles
Instructor LeJarnaro Barnes
March 9, 2014
The United States has the most expensive health care system in the world. It dates all the way back to World War II. The United States and Canada do not even compare to each other, in health care, like they once did. The problem lies within the major stakeholders of the health care system, and what they are willing to change to make it less expensive for patients. This paper will discuss the history, compare and contrast United States health care system to Canada, how the stake holders’ role affect these rising costs and it will discuss recommendations suggested by the authors of “Redefining Health Care.” First, we should discuss the major problem
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The problem with this is that if the premiums and co pays are too expensive for the working consumer to afford, then they will choose not to get seen until it is an emergency. Then, be forced to be in medical debt, or claim bankruptcy. This brings us to the proposal of the Patient Protection and Affordable Care Act (P.P.A.C.A.). This act was signed into law on March 23, 2010 (hhs.gov). This law is to provide the insurance companies a chance to increase their profits, by making it mandatory for everyone to obtain health insurance. This in turn will bring down the cost of health care so everyone is able to afford some type of health coverage. It is supposed to encourage universal medical care coverage through regulated competition among private insurance companies (Beaussier, 2012). While I agree with most of the regulations in this act, I still do not see how it is affordable for everyone. I looked up a website for the state I live in, which is Illinois. They offer different plans for different budgets. However, the lowest plan for a family is around $400.00 a month, with a $3,000.00 deductible per family member with it not to exceed $12,000.00 (www.getcoveredillinois.gov). I am not sure how this is supposed to be affordable for any family, much less a family of six, like I am. Regardless if there are programs and tax credits to help families pay for these benefits, a family still has to come up with the funds, first.
It is no secret that the cost of American healthcare is becoming increasingly more expensive. However, the issue of the rising cost of healthcare and its severity needs to be recognized as a major problem. Health prices are steadily increasing in the United States, and there is no sign of it stopping. Since 1970, spending on American health care has grown 9.8%, which is a rate that is growing faster than the economy (“New Technology”.) Furthermore, health insurance premiums are also increasing at a rate five times faster than American salaries, which makes it difficult for families to afford health care coverage (Zuckerman 28). Therefore, it has become an obligation to address why the cost of American health care is soaring and to seek out a solution to lower the cost. Many would jump to the conclusion that the United States simply charges too much for their medical services, but there are deeper influences that need to be analyzed. The causes of the rising cost of health care are people not using preventive health care, the development of modern technology, and the treatments being overprescribed. A possible solution is to have preventive health care services available in clinics of low-income areas.
This paper will compare the healthcare service and healthcare status between Canada and the United States. Canada and the United States have a totally different healthcare system. Many people argued that the United States healthcare system needs some upgrading, while, some people admire Canada’s healthcare system due to the fact that Canada’s healthcare does more for less. Research has shown that Canada spends less of its’ GDP on it’s healthcare yet performs better than the United States.
More and more people with medical insurance are relying on the health care system as new technologies and treatments become available. This leads to a grater number of claims for payment by insurance companies, the costs of which are passed back to health care consumers. The baby-boom generation is entering its peak health-care using period. Over eighty million Americans will turn 50 in the next 10 years. The cost of providing heath care for these individuals will be staggering
Canada’s healthcare cost constitutes a large share of GDP. Although this may be a good thing as it reflects on a country’s increased wealth and ability to pay for valued care, however in the case of Canada, there is a strongly held belief that the growth rate in Canada is not sustainable nor is it necessarily improving our outcomes.
The Canadian healthcare system was first established in the late 1940’s and is made up of socialized health insurance plans that provide coverage to every Canadian citizen. Publicly funded and managed, rules are set forth by the federal government. In the 1960’s, Canada in essence, has had universal healthcare coverage for all services provided by physicians and hospitals. Change your source ( http://en.wikipedia.org/wiki/Health_care_in_Canada 2014) Whereas, the healthcare system in America originated in the 1800’s, but truly wasn’t established until the late 1920’s. Healthcare in America was initially for teachers for a low cost in Dallas Texas by Justin Kimball. Change you source (http://en.wikipedia.org/wiki/) Healthcare in the United States is mostly privately funded with only a few publicly funded entities such as Medicare and Medicaid. The Canadian and U.S. healthcare system s have been under a lot of scrutiny over the years, being the topic of every political conversation. In this essay, I will write about the main differences between the U.S and Canadian Health-care system, and help shed some light on how each system works. The main points I will be discussing are the wait times to see a primary care physician, the funding of each countries health care system, accessibility to medical care and the quality of care.
Most Canadians are very proud of their health care because it provides citizens universal coverage on the basis of need. However, in the recent decade, Canadians have observed obvious deterioration in the quality of the system in regards to waiting times, availability of the best technology, and adequate numbers of doctors and nurses. The apparent decline within the system has made many Canadians more open to a variety of options than they were a decade ago, provided that the core elements of the system are preserved and that these changes lead to tangible improvements in quality without damaging accessibility. In the article Canadians’ Thoughts on Their Health Care System: Preserving the Canadian Model through Innovation by Matthew Mendelsohn, he stated that 1/3 of Canadians support the two-tiered healthcare system, which offers its citizens an option of public or private health care. Canada will benefit from a two-tier health care system because it will shorten waiting times, other countries with two-tier healthcare have proven to be successful, will encourage doctors to return and stay in Canada, introduce competition and give citizens freedom to choose.
Medical costs are getting too expensive. Ever fought with your insurance providers because they refused to pay for care, or struggle to find an “in-network” provider? I know a woman whose name I will change for her privacy and the struggles she is going through are a perfect example of an issue many people face when dealing with insurance; Nancy’s (name changed for privacy) story is a perfect example of how our healthcare system is no longer working for the people. Nancy is this woman whose husband recently passed away. Nancy used to work for county and county workers cannot receive social security; and Nancy is too
The Role of Technology in Rising Health Care Costs. What should or shouldn’t be done.
Health care is an essential service needed by citizens. As a result, the government plays an important role by designing an appropriate health care system for its citizens. In this paper, a comparison between the health care system in the U.S. and Canada has been made. Using various literary sources, the comparison has been done considering the four components of health care services delivery; financing, insurance, delivery, and payment. The findings indicate that the health care system in the U.S. is expensive but more efficient than the single-payer health care system in Canada.
“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.
When discussing health care systems, Canada’s is often used as a possible model for the US. The two countries systems are very different being that Canada has a single payer, mostly publicly funded system, while the US has a multi-payer, heavily private system. So much of the appeal of the Canadian system is that is does more for less. They provide universal access to health care for its citizens, while almost one in five non-elderly Americans are uninsured. Many of these findings come from the results of the Joint Canada/United States Survey of Health from 2002-2003. This survey revealed that the health status is for the most part similar in the two countries, but income-related health disparities exist. For example, Americans in the poorest income bracket are more likely to have poor health compared to their “counterparts” in Canada. In "Health Status, Health Care, and Inequality: Canada vs. the U.S.," (NBER Working Paper 13429) June O 'Neill and Dave M. O 'Neill take a closer look at the U.S. and Canadian health care systems. They examine whether the Canadian system delivers better health outcomes and distributes health resources more justifiably than the U.S. system. After conducting their own research, they have different findings then the survey. They feel that in the US we have too many outside factors contributing to our health to really be able to compare the two systems. Let’s take a deeper look into the different systems.
As stated above, 11.4% of the population is still uninsured or under-insured. Of these patients, 40% have outstanding medical bills that will most likely go unpaid to the providers (3). This equated to $74.9 billion in 2013 of total uncompensated care across hospital systems and community providers (4). Not surprisingly, hospitals took the brunt of this cost at 60%, equaling $45 billion in uncompensated care. This raises the question of whether providers or other organizations can supplement the already subsidized monthly premiums. In theory, this model would be a win-win for the patient and provider, such that the patient stays covered and the provider is reimbursed for their
With so many Americans hearing about the health care system in Canada and how all its citizens are covered for both their health care and prescription needs, it’s no wonder why there are more and more Americans wanting to seek coverage across the border. But are American’s the only one who may think the health care colored grass is greener on the other side of the border. This essay will discuss what health care systems are in the United States and in Canada, the costs involved, the quality of care, and if Canada achieved adequate health outcomes for less money.
Canada, a country with socialized medicine, provides free healthcare to all Canadian citizens for half of what the United States pays (F). Canadian doctors pay $22,200 a year interacting with the government run insurance compared to the $83,000 American doctors spend each year dealing with private insurances (B). Private insurance plans generally spend 11.7% of premiums on administrative cost. Socialized systems only spend 6.3% of premiums on administrative costs (F).The American people struggle to afford medical care despite the fact the United States can afford socialized
One of the greatest injustices facing our nation today is that a large percent of our population does not carry any type of health insurance, and the number is growing daily. Within the job market we are finding employers placing the cost of the health insurance back on the employees, which puts stress on the employees to pay high premiums, deductibles, and co-payments. A large percent of our American population can not afford insurance coverage at all.