The Current State Of The Health Care Industry

The infrastructure of the United States healthcare system has long been a point of contention for many, especially with the recent passage of the Affordable Care Act by President Obama, which serves to reform the past healthcare system into a more socialized Universal Healthcare system. Proponents of Universal Healthcare in the United States like to point to the success of countries such as Brazil, Thailand, and Canada to name a few, who have in fact adopted a form of Universal Healthcare, but

Health care spending in the United States of America as a percentage of the economy has reached astonishing heights, equating to 17.7 percent. This number is shocking when compared to other counties; in Australia health care is 8.9 percent, in United Kingdom 9.4 percent, in Canada 11.2 percent. If the American health care system were to hypothetically become its own economy, it would be the fifth-largest in the world. While these statistics sound troubling, they lead us to look for answers about the problems surrounding our system. The first health insurance company was created in the 1930s to give all American families an equal opportunity for hospital care and eventually led to a nationwide economic and social controversy that erupted in the 1990s and continued to be shaped by the government, insurance companies, doctors, and American citizens. In this paper, I will go in to detail about the various opinions regarding the controversy, the history behind health insurance companies, and the main dilemmas brought out by the health care crisis. Greedy insurance companies combined with high costs of doctor visits and pharmaceutical drugs or the inefficient hospitals all over America can only describe the beginning to this in depth crisis. Recently, the United States health care industry has become know for the outrageous costs of insurance models, developments of various social and health services programs, and the frequent changes in medicinal technology.

Universities stemmed some of the biggest medical advances in the health care industry amongst the world. The educational platform for the United States spells long term success for health care, by growing the next generation of top health care providers. In comparison Germany and Canada also are represented amongst the top 50 medical schools in the world, but lack any representation of the top 10 prestige rankings. On top of that, both other countries lack volume and opportunity to receive a valued medical education when compared to the United States.

The lucrative healthcare companies in America have created an immeasurable gap between good healthcare only being for the privileged upper class Americans which has left a horrible effect on the middle and lower class Americans. As modern medicine achieves new heights, the prices of healthcare seem to tread right behind maintaining an unbroken pattern that American classes have grown accustomed to over the past few decades of paying more for less. Leaving many Americans uninsured, underinsured, or even in debt. In a speech Bernie Sanders a U.S. Senator from Vermont spoke at a presidential campaign October of 2015 which he discussed the unruly problematic healthcare trend of price gouging, that is the medical industry getting the most it can from American citizens. In a blog Bernie Sanders states that “46 million Americans today have no health insurance and even more are underinsured with high deductibles and co-payments” (Sanders). 18,000 Americans die every year from preventable illnesses because they cannot cover the cost and don’t go to the doctor when they should. Sanders summed this situation up with this “Health Care is a Right, Not a Privilege” (Sanders). After researching the issue of healthcare, I have come to the conclusion that the American healthcare system is disintegrating due to the ravenousness of modern medical industries, first I will discuss a few reasons to why the healthcare system is failing the modern American

The United States of America is the most prosperous and free country in the world because of hard working citizens and the God-given freedoms we possess. America has contributed countless scientific and medical discoveries and accomplished feats deemed impossible by others. The wealth and progress in this country was not brought about by government intervention and supervision, but from individuals who had the freedom to do what they did best. Because of this freedom, America’s healthcare is currently unmatched anywhere in the world. Though other countries may tout free healthcare, they make it up with burdening taxes, understaffed hospitals, and incredibly long wait periods. The Patient Protection and Affordable Care Act puts America’s healthcare system in jeopardy of falling into the same trap. “Obamacare”, as it is referred to, moves America to a bureaucratized and overburdened system having far reaching consequences on taxpayers, professionals, and patients and should be repealed.

The subject of health care is a sore subject, one of the most debated topics in the United States of America today and it is also the source of a vast array of complex problems for the American people. Americans have seen an increase in the rates of uninsured Americans, an increase in the cost of health care, and a growth in profits for health care companies. Due to the problematic trends that have taken place in the health care system in the United States, many Americans have viewed it as “the health care crisis” (Obamacare Facts, 2015). During the administration of President Barack Obama, a new law was implemented in order to reform the United States’ health care system called The Affordable Care Act or ObamaCare or ACA.

America faces a choice, keep The Affordable Care Act (ACA), also known as Obamacare, or scrap it and come up with something better. The ACA in its entirety leaves room for improvement. It could do better, much better, if it weren’t for matters of political expediency. Currently the United States spends more on health care than any other country. According to a Huffington Post article (2013) the U.S. spends about 17.2 percent of their GDP on medical care. Health care per capita is approximately $8,608, second only to Switzerland, which spends $9,121.

In recent years, health care has been a huge topic in public debates, legislations, and even in deciding who will become the next president. There have been many acts, legislations, and debates on what the country has to do in regards to health care. According to University of Phoenix Read Me First HCS/235 (n.d.), “How health care is financed influences access to health care, how health care is delivered, the quality of health care provided, and its cost”.

Healthcare has always been a topic of great interest among the American people. Previous attempts have been made to implement a healthcare system that benefits all Americans; however, the mandate of Medicare and Medicaid in the mid-1960s has been the closest resemblance of universal healthcare system. In March of 2010, the President Barak Obama signed the most significant legislation for the U.S. healthcare system, the Affordable Care Act (ACA) also known as the Obamacare. This law was introduced to improve the quality and affordability for the health insurance industry. This act would also minimize the insurance rates for the uninsured as well as expand coverage. At the passage

In March of 2010 President Barack Obama reform Health care in America and implement a new law called the Affordable Care Act. “Millions whom previously could not afford to purchase insurance now had care drastically impacting the way health care would be delivered” (Wilson, 2010). “The Us spends 1.5 times more in health care than any other developed country and 2.5 times more than the average. At least $3000 more per person that Switzerland with comparable income yet americans die earlier and live in poorer health. Growth in the US Healthcare is Unstable , health care spending has doubled in the past 30 years rising from 9.2% of GDP min 1980 to 17.9% in 2014. Health insurance premiums have increased 97% the last decade “(Kane, 2012)

In 1965, as part of his Great Society Legislation, President Johnson signed Medicare and Medicaid into law. With these two programs he concluded two decades of congressional debate of the future of health care. In the forty years to follow, the United States of America and its health care industry experienced dramatic changes. Population increased by over one hundred million people (Census Bureau), advances in medical technology supported a growing elderly population, diets and lifestyle habits changed, and health care costs outpaced both per capita GDP and wages. By 2010, America was long overdue for health care reform. That year, President Obama passed the Affordable Care Act (also the ACA or Obamacare), an ambitious plan of over 400 provisions for one of the nation’s most complex and powerful industries—an industry upon which millions of lives depend. The Affordable Care Act of 2010 fails to fully address the fundamental problems with American health care system, but serves a necessary and promising starting point for such comprehensive reform.

There is an ongoing debate regarding the potency of the new health care reform—Patient Protection and Affordable Care Act—from the outset of its proposal. Many attempts had been presented in the past years but the root of the issue remains prevalent today, that there is a lack of quality in its delivery and the cost of care is continuously increasing beyond national economic edges. In this manuscript, we will discuss several factors that can positively sway the long-term significance, impact, and structure of the United States health care system. Many are wondering whether the Universal Coverage, to which will give more control and

US health care expenditures have been rising quickly over the past few years; it has risen more than the national financial system. Nonetheless a number of citizens in the US still lack appropriate health care. If the truth be told, health care expenditures are going to continue to increase; in addition numerous individuals will possibly have to make difficult choices pertaining to their health care. Our health system has grave problems that require reform, through reforming, there is optimism that there will be an increase in affordable health care and high-quality of care for America. Medicaid, Medicare and private sector insurances are all going through trials and tribulations because of

The U.S. Department of Health and Human Services (HHS) stated that "The health of the individual is almost inseparable from the health of the larger community and that the health of every community in every state and territory determines the overall health status of the nation." It has now become clear that our economy in terms of healthcare insurance is not healthy; the healthcare system in the United States spends 1 cent of every healthcare dollar in the prevention of diseases and 99 cents on the cure. Our healthcare system is the most expensive and yet arguably among the least cost effective in the developed world. Despite the highest per person health care spending among the Organization for Economic Cooperation

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