The Importance Of Health Spendinging

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.

This paper will include: the current health care expenditures whether spending is too much or not enough, where the nation should add or cut, how the public’s health care needs are paid and provide a forecast for: the future economic needs, why these needs must be addressed, how I envision these needs will be financed and conclusion.

as defensive medicine practice, new technology, malpractice lawsuit and the uninsured. New technology is the biggest factor of the rising cost of healthcare to treated patient of their illness. New technologies have seemed to be the driving force of high healthcare cost in America. The technology accounts for 38 to 65 percent of healthcare spending in America (Johnson, 2011). The annual spending of health care increased from 75 billion in 1970 to 2.0 trillion in 2005 and is estimated to reach 4.0 trillion in 2015 (Kaiser Foundation, 2013). U.S. citizens spent 5,267 per capita for health care in 2002- 53 percent more than any other country” (2005). “America spent 5267 per capita and in Switzerland they spent 3074 per capita” about 1821 cheaper than ours (Starfield, B 2010). Controlling the technology isn’t easy thing to do because of technology prices are set by manufacturing and the installer of the new medical equipment’s. However, there other way

One of the issues is the increasing cost of healthcare which is dominating the health policy in U.S. this is accompanied by an increase in spending on healthcare. According to projections by the government, the spending on medical care will continue to rise. U.S spends more money on health care than any other nation globally (Holtz, 2013). The increase in the spending is as a result of improved tools for disease diagnosis, better surgical interventions among others. This raises an issue for the policy makers on the maximum GDP percentage that a country has to spend on healthcare, and whether the nation will afford the cost that is continually growing. In contemplating any change in the health policy, policy makers should consider the cost of the healthcare and the ability of the nation to support that high cost.

Health care costs are a longstanding concern to policymakers. For years, health care spending has been rising faster than the rate of economic growth, raising the question of what factors are responsible for rising health care costs. This paper explores published articles that report results from research conducted on technological innovations in health care and its relation to rising health care costs. The cost increases have a significant effect on households, businesses, and government programs. Health care experts indicates the development and diffusion of medical technology as primary factors in explaining the persistent

The main cause for the healthcare reform bill is the rising cost of health insurance for the American citizens. From the 1960s to the 1980s healthcare spending went from $28 billion to $255 billion. By the beginning of 2000, healthcare spending increased to $1.4 trillion. The United States economy has slowly declined due to several factors, the cost of health care is one. Presidents, state representatives, hospital and insurance executives, and economists have tried to attack this huge deficit. There are several things that can be done in order to reduce rapidly increasing health care spending. Some actions that could benefit the United States economy is the stop of wasteful

Because the United States spends the most on a health care system, one would think that most people in the U.S. would be healthy. This is not the case. Surprisingly, the United States does not have a particularly high life expectancy rate. Within this paper I will discuss heath issues in the United States including how heath effects behavior, economics, and social structure. I will also include key stages of medical technology development and population demographics.

Healthcare spending growth rate trends show astounding estimates. Since 1960, spending has risen from $27 billion ($143 per capita, 5.1% pf GDP) to amazing $1,678.9 billion ($5,670 per capita, 15.3% of GDP, 2003 data) (HHS, 2005). Recent research estimated that by 2013, healthcare spending will be as high as 18.4% of the Growth Domestic Product. It is important to note that the gradual move from hospital to ambulatory setting has resulted in much higher spending on outpatient hospital services and prescription drugs. The spending growth for these two trends is much higher than the overall healthcare cost growth, which, in fact, increases faster than such important economic indicators as GDP growth, inflation growth, and population growth rates.

Technology has been advancing every day, which has tremendous effects on the lifestyle of people. People are dependent on technology, and as a lifestyle of people change, a demand of advance technology grows. Technological advancement has both positive and negative effects, for instance, benefits of technological advancement are time saving, increases the production, simplifies the communication, improved the health care and education and others. On the other hand, technology has decreased the human interaction, people are lazy and dependent due to technology, which has decreased the innovation and increases the health risks such as weight gain and obesity-related health issues. This paper will describe regarding the historical perspectives of U.S health care delivery system. The paper will contrast and describe the two technological advances and their impact on a health care delivery system. In addition, a paper will explain regarding the author and public opinion on technological advances.

Total health care spending in 1975 consumed about 8 percent of the U.S economy in 1975. Today it accounts for nearly 16 percent of the gross domestic product and is projected to reach nearly 20 percent by 2016 (Orszag, 2007). One of the reasons for rising health care costs is due to costly new medical technologies. Some of these new medical advancements allow for physicians to treat previously untreatable conditions. It is unclear as to whether these new options are cost effective. Most people believe that more expensive care equates to better health care. There is significant evidence to support that more expensive care does not necessarily mean higher-quality care. This suggests that there may be an opportunity to reduce health care spending without impairing outcomes The most compelling evidence of that opportunity comes from the substantial geographic differences in spending on health care within the United States-and the fact that they do not translate into higher life expectancy or measured

The supply of health care was stimulated by various government initiatives in support of scientific research and hospital construction. The most important piece of social legislation during this period was the 1946 Hospital and Construction Act (also known as the Hill-Burton Act), which provided states with grants to support the construction of new hospitals. However, despite the expansion of both the supply and demand sides of the health care industry, the fundamental organizational structure for the financing and delivery of health care remained intact, according to the postwar in the 1970s. Many people thought that over the years that healthcare wouldn’t increase like it has done now. Health insurance costs have been increasing three times faster than the wages. The total expenditures have begun to increase rapidly with much of the spending was the face of scientific advances and increasing economic prosperity. From the unraveling system, Medicaid has grown quickly in the past years. When they begin to raise the health costs, there have been less visits and poor political

“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 cost of health insurance has changed drastically over the years as it has become more expensive. Depending on personal characteristic, the cost of health insurance may vary. For instance, as individuals grow older the more expensive it becomes. In this case, health insurance is more costly because “older individuals require more health care” therefore “the cost of providing health care is rising” (Madura &Atlantic, 2012). Not only does this affect the high cost of health insurance, but the number of individuals uninsured. As stated by Madura and Atlantic (2012), “about one in every five workers is uninsured” and has increased since then because health insurance has become unaffordable. As a result, individuals tend to seek health care elsewhere as they can no longer

Throughout the history of the United States, the economics of the health care system has experienced many changes. There are many factors to consider that has been the drive behind many of the changes within the health care system. Medical and surgical technologies are some factors that relate to the changes in health care. Besides these factors, allocating sources to fund health care services has always been the most critical factor. One might consider the economic term supply and demand when looking at the history of health care economics and the primary funding source. Health care funding

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.