The Cost Of Healthcare System

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

Our Healthcare system is clearly business based according to the article “Cost Conundrum” and on the movie “Escape Fire”. In the movie it had an impacting story of an older lady who had heart problems where she went to a doctor and they were going to charge her thousands of dollars were later she went to a different doctor and they charged her a couple hundred dollars for t he same procedure. I couldn’t believe that in a different office she would get the same procedure done for a lot cheaper than in the other doctor’s office. Also, it surprised me how the medical staff are giving all these medications to our soldiers were they are clearly

The high cost of healthcare continues to rise and many in the United States are optimistic for health information technology to reduce and improve our current situation. Health IT encompasses a broad array of new technologies designed to manage and share health-related information. When properly implemented, these systems can help coordinate patient care, reduce medical errors, and improve administrative efficiency. Therefore, implementing a Regional Health Information Organization (RHIO) will help the National Health Information Network (NHIN) achieve their goals in improving quality of care for the citizens of the United States. Thus, in order for the health IT to deliver on its promise, several obstacles must be overcome.

“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 it comes to health care, cost is one of the biggest problems. Something needs to be done in order to make it possible for patients, families, and businesses to be able to afford health care. US does not always spend health care dollars in the most productive way. The cost of cancer treatments alone can cost up to hundreds of thousands of dollars, and the only way to pay for that is to raise the cost of the insurance to the patients. Cost is defined as the “price” of healthcare. The “price” or cost can come from various places such as, the physician’s bill, the cost of prescriptions, as well as what the employers pay to cover their employees. The cost of treatments, emergency room visits, medicines, the cost of newest technology and etc. is what is making our increase in cost rapidly. The rising costs leads to becoming a financial burden to families, even the ones that have health insurance, which can typically result in individuals not receiving the health services that they need.

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

Medicaid is a vital lifeline for some 72 million Americans. Two-thirds of all Medicaid spending supports senior citizens and persons with disabilities. Cutting Medicaid would jeopardize the quality of healthcare, long-term services, and nursing home care for tens of millions of Americans. There are significant cost issues in America’s healthcare system that must be effectively addressed, but these challenges will not be remedied by benefit cuts to vulnerable

There are many areas that offer different opportunities to reduce health care spending while improving Medicare and Medicaid cost for individuals. Over 30% of healthcare spending is mostly unnecessary care. Cost of healthcare will most definitely become a concern for thousands of individuals and their families. Health care plans like Affordable Care Act (ACA) and other health care plans have a great opportunity to help improve better care at a lower cost. Healthcare plans play a big part in transforming the United States healthcare system. The United States a lot of money on healthcare than other countries. Paying high insurance claims does not mean you are getting more. Many people have pointed out many ways that healthcare workers in the

There should be a public option available in health care and the government should have control over the industry. Backing up a bit, what is wrong with the health care system in the first place to cause such an enormous reform?

A government run healthcare system would be a great way to simplify everything for the consumers and hospitals, and I also think it would make paying for healthcare much simpler. My reform would require every American to pay taxes to pay for the healthcare system. In this system, the government would be responsible for reimbursing the hospitals, however all the money would be supplied through the new tax. The amount in taxes each person pays would be dependent on their income. By setting up these tax brackets it would subsidizes healthcare for the poor by having the rich pay a little more. Right now, low income Americans and minorities are the ones struggling to afford to pay for health insurance, so this system would allow them to have insurance that pays for every service they could need without them having to worry about cost.2 Currently many Americans have to choose between necessary health care and going bankrupt, however in other countries like the United Kingdom people never go bankrupt due to health care costs.2 A study found that between 2005 and 2013 the number one cause of bankruptcy in the U.S. was due to medical bills.2 This payment system would essentially eliminate bankruptcy due to medical bills

There are many factors that currently impact the increasing cost of health care. According to the Ginsburg et al. (2012), the United States spent approximately $2.6 trillion dollars on health care in 2010, a number which is 9-11% greater than other nations such as the United Kingdom, Germany, and Japan. Factors that impact the increasing cost include aging populations, rise of chronic disease, improper lifestyle factors, advances in technology, and burdens on providers and patients (Ginsburg et al., 2012).

This is a great thread and I appreciate you writing it. Healthcare is a right and equal treatment should be available but at what cost? I have read some interesting articles on rationing health care spending or perhaps controlling cost is easier to accept. Either way, medical cost continue to increase and spending needs to be controlled which means denying something to someone but to whom and what? Is this what we want the government to decide or is this something as nurses we can make an impact and influence healthcare spending?

In this paper there will be a brief discussion of three forces that have affected the development of the U.S healthcare system. It will observe whether or not these forces will continue to have an effect on the U.S healthcare system over the next decade. This paper will also include an additional force, which may be lead to believe to have an impact on the health care system of the nation. And lastly this paper will evaluate the importance of technology in healthcare.

Given the fact that the United states of America and Canada are linked together sharing a border which is open basically to and from both sides, their health care systems are highly different from each other and how the services are financed, organized and given to the citizens.