Rising Cost of Healthcare

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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…show more content…
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.

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