Ganobcik Invention Of The Magnetic Resonance Phenomenon

The economics of healthcare is not at all simple. What you put in is certainly not necessarily indicative of what you get out, as shown by the striking discrepancy between what we pay and what we get out of our healthcare system. This is demonstrated further by comparing our system to those of France and Italy, who come in first and second, respectively, in WHO’s international ranking of healthcare systems (“World Health Organization’s Ranking of the World’s Health Systems”). Counter to what many Americans may believe, a number of European nations do not have completely socialized medicine.

The purpose of this paper is to review and discuss the current level of national healthcare expenditures and to determine if we as Americans are spending too much on healthcare. The author of this paper will provide examples and solutions where we as a nation should add or cut from the healthcare expenditures. This paper will also detail how the general public's healthcare needs are being paid for, the biggest economic healthcare challenge, why the challenge should be addressed, and how this challenge to be financed.

The single most important impetus for healthcare reform throughout recent history has been rising costs (Sultz, 2006). In the book called The healing of America: a global quest for better, cheaper, and fairer health care, Reid wrote that the nation’s health care system has become excessively expensive, ineffective, and unjust. Among the world’s developed nations, the US ranks near the bottom for healthcare access and quality. However, the US ranks at the top for health expenditure as a percentage of the Gross Domestic Product (GDP) and average of $7,400 per person (Reid, 2010). Therefore, Americans are spending

By instituting a right to health care the U.S. could possibly lower cost, and make health care services more affordable for everyone. According to a 2012 study, using a single-payer system, in which all citizens are guaranteed a right to health care, total public and private health care spending could be lowered by $592 billion and up to 1.8 trillion over the next decade due to lowered administrative and prescription drug cost. The cost of healthcare in America has increased ( Health Affairs). A study done by Consumer reports in 2012 stated that paying for health care is the top financial problem for US households. In Light of health care’s expanding costs, many Americans are delaying or not receiving treatment, as well as having trouble paying for care. According to a study done by the American Journal of Public Health, Canada, a country that provides universal health care, spends half as much per capita on health care as the U.S. The American Medical Association has made a claim stating that, on average, private health insurance plans spends 11.7% of premiums on administrative cost vs. 6.3% spent by public health programs. On the contrary, providing universal

An issue that is widely discussed and debated concerning the United States’ economy is our health care system. The health care system in the United States is not public, meaning that the states does not offer free or affordable health care service. In Canada, France and Great Britain, for example, the government funds health care through taxes. The United States, on the other hand, opted for another direction and passed the burden of health care spending on individual consumers as well as employers and insurers. In July 2006, the issue was transparency: should the American people know the price of the health care service they use and the results doctors and hospitals achieve? The Wall Street Journal article revealed that “U.S. hospitals,

Despite people’s fears that a universal healthcare approach would cost them more money, the truth is it would cut overall healthcare spending by billions of dollars yearly.

The subject of healthcare in the United States can be a contentious one, and it is also an area where peoples' perceptions don't always align with the facts given by policymakers. What makes healthcare spending so scandalous is the amount of money the United States pours into healthcare each year. Over $8,000 per-patient per-year costs, amount that has more than double any of the other nation. Yet 15 to 25% of the American population has no healthcare coverage due to a lack of any form of universal

While some argue that a switch to universal healthcare will cost up to $1.5trillion,4 there are other factors at play that influence the economy. Most Americans have health insurance through their employer which causes a huge financial strain on that employer, which is in turn reflected in product and service prices. If the price of goods and services goes up, that could end up hurting the United States’ global competitiveness. Citizens are unwilling to leave their current employer and possibly start their own business for fear of not being able to afford health insurance on their own.5 Some of those would-be entrepreneurs could create the next big product that becomes a critical part of the national economy. On average, the typical family of four in America pays over $20,000 annually on health insurance,7 money that could be pushed back into the economy. This is all in addition to the societal costs caused by the lack of universal health care such as fewer years in the workforce, caused by poor health, and higher cost to public programs like Medicare and the criminal justice system.5 If someone is uninsured until they reach the appropriate age to enroll in Medicare, they could have pre-existing, otherwise preventable conditions that will end up costing more money than it would have to treat them in the first place. In 2005, economist Dr. Kenneth Thorpe published a report in which he calculated the overall

Without the cash flow coming in to medical facilities, the government would see this as a failure. With the cash market resting at $260 billion in the United States alone it is no wonder why this balance has to co-exist (Newswire Association, 2014). A shortage of doctors has already been anticipated by this new initiative, and means to pay cash has been a popular option among many individuals. With a fast paced society it is no wonder why citizens choose not to wait in long lines at the behest of insurance companies, or public health exchanges.

German health care spends far less administrative costs than the United States. On page 68, Reid explains that this decrease in spending is due to a universal smart card known as the digital health card. This relates back to France’s vital card which Reid discusses throughout chapter four. Not only does this digital health card provide easy access to medical records and payments, but works to cut spending. Perhaps the United States should consider a card like this as we spend 17 percent of GDP on health care compared to Germanys 11 percent. However as a future health professional, I’m worried about these spending cuts because they could potentially cut entry level jobs in the field.

Magnetic resonance imaging has the potential of totally replacing computed tomography. If history was rewritten, and CT invented after MRI, nobody would bother to pursue CT. --Philip Drew (Mattson and Simon, 1996)

On February 18, 2015, the FDA recalls 12000 plus MRIs by issuing a Class I recall, which is a very serious classification that designates potentially injure and possibly endanger the life of a human being. An MRI is a diagnostic device used to produce images of internal body parts based on the “spatial distribution of molecules exhibiting magnetic resonance.” (Daily Briefing, 2015)

The healthcare system plays a key role in the economic stability of our country, as every year trillions are spent in attempt to combat disease and health issues that plaque humanity. As it makes up a significant amount of the expenditures in the economy, so the costs associated with health care of those in pain from illness and injury, including lost productivity, increased need of assistance in living and also the cost of death in some cases, is important to the economic stability and over all standard of living in our country. The key to economic prosperity is balancing the need for care with the costs of illness to keep as many people healthy and well without breaking the bank of collective society. The costs of healthcare have been increasingly problematic in recent years with so many issues surrounding the current system. With the “total health care spending in the United States expected to reach $4.8 trillion in 2021, up from $2.6 trillion in 2010 and $75 billion in 1970, meaning that health care spending will account for nearly 20 percent of gross domestic product (GDP), or one-fifth of the U.S. economy, by 2021” (Aetna). With this in mind it is apparent that as we look at the trillion-dollar industry of the medical community it seems that it needs to be a major focus of our nation as a whole and with the many issues come many creative solutions. First let us analyze the reasons behind the current cost and the major problems facing this industry and than discus what

Figure 2.1 demonstrates a case of a current MRI scanner. In clinical practice, MRI is utilized to recognize obsessive tissue, (for example, a mind tumor) from typical tissue. One favorable position of a MRI sweep is that it is accepted to be innocuous to the patient. It utilizes solid attractive fields and non-ionizing radiation in the radio recurrence go, dissimilar to CT checks (where CT remains for registered tomography) and conventional X-beams which both utilize ionizing radiation. X-ray scanners are among the most costly restorative hardware accessible today. Top of the line scanners, for example, the one appeared in Fig. 1a, cost around $2.5 million USD. Establishment of the framework in the healing facility costs another $500,000 USD.

MRI technology is a useful technique in the medical industry, there are many advantages to its use and for the most part the disadvantages of its use are minimal. They are great because they provide very detailed diagnostic pictures of most of the important organs and tissues in one’s body. They are also capable of showing unique information that other tests are unable to show. They are generally painless. Furthermore, they do not use radiation and are therefore suitable for use in children and pregnant women. Although there are many good attributes to MRI’s, there are still disadvantages to its use. For one, many people are claustrophobic and being in an MRI can become very uncomfortable for them. In addition, the MRI makes a tremendous amount of noise. Often patients are given earplugs or stereo headphones in attempt to muffle the noise.