The Cost of Health Care
The nation health care system is facing significant challenges that requiring immediate major reforms. Lately close attention is drawn to the uninsured Americans, such as the most painful dilemmas of health care system. The problem of uninsured and uncompensated care continues significantly contribute to the rise of the health care cost and has been a chief topic for public debates and political campaigns for a long time. The purpose of this paper is to describe the current extent of uninsured care and provide the strategies from the nursing point of view how to change the trajectory of this prevalent issue in the USA health care system.
Uncompensated care in the U.S
Before the 1960s, the health care for people with low-income primarily was the responsibility of local governments, that “received support from the Hill-Burton hospital construction program contingent upon a responsibility to provide uncompensated charity care” (Warner, D., 2011). Medicare, Medicaid, community health centers, migrant health centers all were delivering federals funding to the financing the patient care. Furthermore, “the nonprofit hospitals had an obligation to provide charity care as well” (Warner, D., 2011). However, the increase in immigration during 1970-1980s significantly increase demand for additional funding for uninsured population. Multiple new programs were implementing to accommodate the needs and provide adequate health care coverage for the population
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.
Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage may get the best medical treatment in the world, the health of the average American, as measured by life expectancy and infant mortality, is below the average of other major industrial countries. Inefficiency, fraud and the expense of malpractice suits are often blamed for high U.S. costs, but the major reason is overinvestment in technology and personnel.
What I currently view as an Economic issue would be the rising costs of Health Care, everyone needs Healthcare, but because of how expensive it is, most of the population cannot afford it. Even if people do have Health Care, they cannot afford paying the high premiums, out of pocket and high deductibles. Health care might not seem like an important topic, but is necessary for the daily lives of people, nobody knows what will happen in the next second of their lives. Everyone needs affordable health care and I think that reducing the cost of health care and making it possible for everyone to afford it would make everyone happy.
Health care expenses are a never ending headache that create numerous liabilities. Liabilities are created when goods or services are purchased on credit and obtained through short- term and long- term loans. Health care expenses create liabilities such that payments are made late or no payments are made at all. In some cases, the cost of health care expenses are unaffordable resulting in those type of payments. To prevent large health care debt, many individuals seek health insurance. Health insurance is provided by private insurance companies or by the government. It covers health care expenses and provides the necessary health care. Although, health insurance is necessary it can also be very costly.
There have been many studies performed focusing on the rising costs of health care and some of the findings state that the rising cost of healthcare premiums is a worldwide problem. However, I believe they are higher in the U.S. In 2015, U.S. health care costs were $3.2 trillion. That makes healthcare one of the largest U.S. industries, equaling 17.8 % of the Gross Domestic Product (GDP) in comparison to the late 1960s; where healthcare costs were only $27 billion, or 5% of the GDP, which averaged $9,990 per person each year. The main reason for the rising cost of healthcare is a combination of government policies and lifestyles changes. Examples included lack of coverage or costly coverage, lack of available coverage for
This is a paper about the issues involving uninsured Americans and what we can do to improve healthcare in America.
“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.
The healthcare system is one that will always be needed by society. The amount of abuse the system receives depends on the amount of uninsured citizens. If a patient is uninsured, their bills typically fall to the Medicare system. Because of this, the elderly are unable to use the benefits of Medicare as they should be allotted. By initiating the Affordable Care Act, the government is attempting to realign the balance between the insurance companies and Medicare, and to provide millions of uninsured Americans the opportunity to have medical insurance (King, 2011). The purpose of this paper is to discuss the Affordable Care Act, and how it affects my personal nursing practice.
There are providers, of public hospitals community and rural health centers, and local health department considered to be safety net providers that service the uninsured. But the result of increased demand has caused limited capacity and decreased treatment options due to eroding finances (KFF, 2013). In order to improve the well beings of Americans, it is imperative to establish a health care policy that will deliver comprehensive coverage for all.
One of this health care’s programs objective is to limit the number of uninsured (Shi & Singh, 2015). This controversial healthcare plan incorporates a privately funded insurance which is paid for through employment and solely by the patient and a publicly funded insurance by the government. Medicare is provided for senior citizens 65 and older, and Medicaid is provided for low income citizens. The federal government and state government both partake in the funding of Medicaid. Although insurance is provided to the low income through Medicaid, the United States continues to suffer from cost escalation spending 17.1 percent of GDP on healthcare in 2013, a 50 percent more than the second nation (Commonwealth, n.d.) The high cost and limited coverage continues to spark up the conversation for a
The rising healthcare cost is an issue that affects many working class Americans. Experts have tried to come up with different ways to make health care more affordable and easily accessible to all. Despite all the efforts and even after the Affordable Care Act, there are still millions of Americans without health insurance coverage and therefore unable to access the necessary medical care. According to a 2015 report by the U.S Census Bureau, there are over 33 million uninsured Americans. (“Health Insurance Coverage in the United States: 2014 - p60-253.pdf,” n.d.) The Affordable Care Act has unquestionably made healthcare more accessible and reduced the number of uninsured Americans. However, there are still millions of
The U.S. has experienced a dramatic change over the last decade. Health costs have continued to rise and have become unreasonable. Health care spending in the United States is expected to reach about $4.6 trillion in 2021.The spending of health care costs has affected the citizens of the U.S. as well as health care facilities negatively. Americans are not capable of paying for health expenses on their own. There are some reasonable options that have been suggested as a solution to this issue, but have not been successful. For example, aids such as health insurance and Medicaid help with a certain percentage of the overall cost, but people are still left to pay for health insurance premiums and the remaining expenses that the insurance does
Health care costs have become a major issue in the United States, both socially and politically. According to the U.S. Census Bureau, 50.7 million people, or nearly one in six U.S. residents, were uninsured in 2009 (Kaiser Health News, 2010).This is because the high cost of health care has driven the cost of insurance out of the reach of many Americans.
For all of mankind, the cost of health care is a major daily stressor. This article stated an interesting fact that, “A concern of businesses and governments for at least 30 years, the cost of health care in the United States has approached 15 percent of the total gross national product (Barbara R. Heller, Marla T. Oros, and Jane Durney-Crowley, 2013, para. 19).” Even with that fact, there are over 40 million individuals living in the United States that do not have health care coverage. The total health care spending in America surpasses that of any other developed country. This is due to technological advances that are readily available and breakthroughs in medicine. Still, there are present concerns in nursing practices, such as: the affects on the nursing profession, treatment options for their patients, and the patients participation in their own care. This article stated, “Nursing professionals, who have historically taken the lead in health education and health promotion, are disappointed by the lack of financing and reimbursement available through managed care organizations for
The U.S government lacks a common health care coverage (Fauci, 2008). This is very unusual to developed countries such as U.S. Mostly in U.S, whether the health care is public or not, the funding is always delivered privately. It is so fortunate that the government recently passed a bill that permits health coverage for almost every citizen in American. Comparing the cost of health care in the U. S and other developed countries, it is considered as more expensive with the exception given to Netherlands and Norway. It is for sure that a below average patient in America is just like any other patient in other countries. A number of physicians claim that among the ten patients that visit those nine of them find it hard to pay for the care services.