U.s. Government 's Health Care Costs

Furthermore, the United States spends nearly double the average $3,923 for the 15 countries ("Health Care Cost," 2011).” Accordingly the U.S. throws away more money than any other country on healthcare which consequently could jeopardize the medical attention that is being provided.

For the last five years of my life I have worked in the healthcare industry. One of the biggest issues plaguing our nation today has been the ever rising cost of health care. If we don't get costs under control, we risk losing the entire system, as well as potentially crippling our economy. For the sake of our future, we must find a way to lower the cost of health care in this nation.

Impact to Healthcare organizations - These increases in cost raise questions of health care expenses at the hospital level. As higher profits are sought, the cost will become unstable for all, thus causing many to postpone going to the doctor. However, there are many complicated problems associated with our healthcare system. We will focus on main issues that can correct many related problems within the current structure. More importantly, we need to find ways to ensure all Americans have access to health care; and we need to hone in on how we can get the best value for the $2 trillion dollars we spend annually on healthcare.

It is no secret that healthcare spending in the U.S. is spiraling out of control. According to the Commonwealth Fund, The U.S. spends an “average of $9,086 per person annually, and life expectancy was 78.8 years.” (The Commonwealth Fund, 2015). While 78 years may seem like an excellent life span, it pales in comparison to other developed countries.

“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 increase of expenses - As politicians continue their dissension amongst each other, the situation is worsening in our healthcare system. According to the World Health Organization, to achieve universal health coverage, countries need a financial system that enables people access to all types of health services without incurring financial hardship (Carrin, Mathauer, Xu, & Evans, 2011). This idea would be the foundation of innovative ideas that the U.S. could reform its healthcare system, but too many ideas are sabotaging any valid efforts. In the mean time, the U.S. healthcare system continues to deal with issues such as the increasing uninsured Americans (over 49 million), expensive administrative procedures and the inability to measure the accuracy of quality of care, access of care, and the increasing healthcare spending and financing that limit our ability to efficient utilize resources.

The U.S government spends about 17% of GDP on healthcare industry which is enormously high as compared to any other industrialized nation. President Obama

Social insurance costs are climbing, and will keep climbing, so Americans aren't getting much esteem for their hard earned cash. Absolute health mindfulness utilizing within the United States is depended upon to land at $4.8 trillion in 2021, up from $2.6 trillion in 2010 and $75 billion in 1970 (Aetna). That is especially so taking after no short of what 6 million Americans have lost their wellbeing insurance due to Obama's healthcare. Costs for health insurance rose at a 5.6% yearly rate in the last quarter, the Bureau of Economic Analysis said a week ago (USATODAY). The ascent in cost created the legislature's purchaser using to go up hugely in general. In the occasion of health care climbing, it cause a significant issue for the most part families and the elderly. The expanding

The United States spends a lot of money on health care and people are starting to notice. The passage of the Affordable Care Act (ACA) was not only supposed to make health care more accessible, but also more affordable. Despite that health care spending has continued to increase and people across the country are voicing a growing concern about what it costs to keep themselves and their families healthy. Politicians on both sides of the party lines speak often and with passion about this health care crisis in America. Everyone agrees that health care takes up too much of the economic pie, but despite the enormity of this problem no one can agree on just why that is and how exactly go about fixing this crisis.

The United States healthcare system has been the topic of much debate lately, with many propositions and reforms introduced to the public to remedy the many complaints made against the current system. The U.S. spend entirely too much money on health care. Based on data released by the World Health Organization (WHO), the "U.S. spent more on health care per capita ($4, 849) and more than 17 percent of its gross domestic product (GDP) to health care" (Squires, 2012).

According the Department of Health and Human Services, total health care spending in the U.S. reached $2.3 trillion in 2008, or $7,681 per person. As a share of GDP, healthcare expenditures set a new record of 16.2 percent. That’s double the 8.1 percent share of GDP in 1975, and it is triple the 5.2 percent share of GDP in 1960. (Perry, 2010) Last year in 2012, total U.S. health care spending hit $2.807 trillion, or $8,948 per person. (Geisel, 2013) Its rate of increase has been relatively low since 2009, at

The total health care spending in the United States is expected to reach $4.8 trillion in 2021, up from $2.6 trillion in 2010, and, $75 billion in 1970. To put it in context, this means that healthcare spending will account for nearly 20 percent of gross domestic product (GDP), or one-fifth of the U.S. economy, by 2012. Many consumers and small employers are struggling to afford their health insurance premiums. Some employers are not able to offer health care coverage at all. For firms with fewer than 10 employees, only 50% offered coverage to their workers in 2012.

The soaring cost of medical care has forced hard choices about balancing food, rent, and other necessary care that are need for the survival of live. There are definitely some consequences that have emerged due to these high costs of Health care in the U.S. These consequences are “Higher taxes, Lower GDP, Decreased employment, and a lower standard of living.” According to the article, “High and Rising Cost of Health Care in the U.S,” Alliance for Health Reform (2012), “High healthcare spending is exacerbating the government’s strained fiscal situation and is hurting the standard of living for many Americans.”

There are two additional attractions to the healthcare reform. One is the anticipated reduction of cost to consumers by eliminating annual or lifetime maximums for services. This reform will not affect ancillary plans such as dental, vision, hearing and prescription drug plans for adult coverage.

In 2003, health care spending reached 1.7 trillion dollars and 1.8 trillion dollars in 2004. That is 4.3 times the amount spent on national defense in this country. (California Health Care Foundation, March 02, 2005, Health care costs 101).