Essay on Social Change: the Future of Healthcare

3121 Words13 Pages
The Change in Healthcare
Healthcare in the United States has been a popular topic of debate since the 1990’s. The principal issue has been that some people feel they are underserved in their health care needs, while others feel that the country is overspending on health care. Although people will continue to debate, the issue has recently been brought to justice. President Obama signed new legislation into law on March 23 and March 30, 2010. The aim is to overhaul the nation's health care system and guarantee access to medical insurance for tens of millions of Americans (Health Care Reform, 2010). This legislation was given to President Obama to sign after a very close vote in the House of Representatives of 219 to 212 (Health Care
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According to the National Coalition on Healthcare, the healthcare industry is one of the largest segments of the U.S. economy with total spending expected to nearly double to four trillion dollars by 2015. According to the Bureau of Labor Statistics, in 2008 the overall U.S. economy lost more than two million jobs, but the healthcare sector added five-hundred thousand, for it was the only sector to experience significant growth. Historically healthcare spending has been resistant to phases of market downturn, and will only grow faster with the addition of thirty-two million newly insured Americans, and the doubling of our elderly population by 2050. The fact remains, venture‐backed companies are the largest source of these new jobs, and they contributed eight times the job growth in 2006‐2008 as compared to private sector job growth as a whole, according to the National Venture Capital Association (Psilos Group 2010).
Supporting Data and the Engines Behind the Change
Following intensive surveys, it was determined that approximately 46.3 million Americans suffer from the ailment of inadequate or nonexistent Health Insurance Coverage (Center for Disease Control and Prevention [CDC], 2008). Those unfortunate enough to fall within this vast umbrella face a harsh reality in which even a simple wound could turn into a financial nightmare. They are soon faced with a decision, seeking imperative care from a physician or paying their rent. Due to this national
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