Weight Federal Spending: A Case Study

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.

The U.S. health care system faces challenges that indicate that the people urgently need to be reform. Attention has rightly focused on the approximately 46 million Americans who are uninsured, and on the many insured Americans who face rapid increases in premiums and out-of-pocket costs. As Congress and the Obama administration consider ways to invest new funds to reduce the number of Americans without insurance coverage, we must simultaneously address shortfalls in the quality and efficiency of care that lead to higher costs and to poor health outcomes. To do otherwise casts doubt on the feasibility and sustainability of coverage expansions and also ensures that our current health care system will continue to have large gaps even for those with access to insurance coverage.

For the President, Congress, and its various budgetary agencies, a ideal healthcare system would manage the cost of healthcare, while promoting quality services and equal access to all United States citizens. However, it’s an equation that has eluded the American government unto this day. Furthermore, the idyllic healthcare system would provide preventative care, emergency care, and other maintenance from conception to the death of an individual. Furthermore, while the perfect system is progressive enough to cover every American from life to death, it should be conservative enough to limit the growth of the budget deficit.

One way that would help improve health care spending is to create a universal health care to make sure everyone is covered. By creating this, it will help decrease the number of lobbyers which in turn will cut government funding to those special-interest groups. There are 45 million Americans uninsured and according to CNN report, 45,000 Americans die each year due to lack of affordable health care. So by creating a universal health care system, we can be sure to expect to see a longer lifespan for our population as is the case in countries that

There are many problems with healthcare in America today. One of them including the astronomical cost. According to CDC.ORG in 2007 the average person spends seven thousand four hundred dollars per year on health care alone. This rise in healthcare is extremely detrimental for families, seniors, and people of all ages. With such a high cost of insurance people are forced to make hard choices in

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.

According to the Garber & Skinner (2008), the United States spends more on health care than other nations but continues to score below other nations in numerous areas of measurement. These scores in, consideration with amount spent, suggest that healthcare is the United States is inefficient. Additionally, the United States has a significantly large portion of under

Health care debt is the leading cause of bankruptcy in the United States (Factcheck.org). Our privatized system has failed the chronically ill population of our country. The political climate that we currently have for these issues is not addressing these issues at an appropriate pace. Health care in the United States is the most expensive in the world, and health care inflation is increasing the fastest in the world (Reid 9). As of 2005, the United States health expenditure as a percentage of GDP is fifteen point three percent (Reid 9). We currently have a system where health care costs are increasing faster than wages, and this has been going on since at least 2000 (Starr, 161). We lead the world in health care spending, and this is a hemorrhage that needs more than a bandage. Some of the other problems we face in this country are access to care, quality of care, and efficiency of care. In this paper, I will dive in to the reasons why we have these problems, and I will analyze both sides of the argument of reform. The two major political parties in the United States have very different types of solutions for these issues. I will dissect each of these approaches, and explain what works about each sides approach, and what does not work about each sides argument. I will also discuss the current US social programs that work, and explain how they work. We need congress and the president to act in cooperation to solve these issues. Our convoluted

One of the issues that is widely discussed and debated concerning the United States economy is the healthcare system. Unlike in the majority of developed and developing countries, the healthcare system in the United States is not public, meaning that the state does not provide free or cheap healthcare services. This paper addresses many of the factors contributing to the rising cost of healthcare.

Reducing the costs of health care should be as easy to as it is to say. Eliminating excess costs is a grand way to start the process, but that doesn't mean the effects of reduction will always be favorable or

By 2027, spending for Medicare and Medicaid benefits were projected to rise to more than $1.6 trillion. It doesn't leave much for Social Security, defense, the interest on the national debt, or the rest of the U.S. government. If there's one thing politicians don't like, it's having their hands tied when it comes to spending. It's the real reason they agreed to reform health

With medicines and drugs more affordable, even when bought bulk, everyone has an opportunity to manage their illness and extend their lifespan. Helps save money Among the many money woes that families face, medical bills are probably the most expensive. This is especially true if the emergency happened when funds are nonexistent. But what can you do when you can hardly afford to get check ups or consider care options? Publicly funded health care however, will enable 95% of Americans to save money, even with the increased tax burden.

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

We need to balance our budget on both a federal, state and local government levels. Obamacare needs to be repealed. It is costing more than it is helping. More and more Americans are paying higher amounts out of pocket because of the flaws within this system. It is not a good fit for everyone. This is just one area that could help.

Eliminate premiums all together and implement a 5% health care income tax on All Americans under the age of 62. At the age of 62, Medicare would become free. The 5% tax would make health care affordable for all. Americans that make more will pay more, however, the amount funded would still only be 5% of the family’s income. As of 2015, insurance for a family of four, with an average income of $55,775, the yearly premium costed an average of $17,545 and a single individual’s yearly premium costed $6,251 (Employer Health Benefits Survey, 2015). For example, per personal research, as of 2015, a family of five pays $358 per month, and $4,296 a year for health insurance premiums. That figure rounds out to around eight percent of income from a family with an average income. With the 5% plan, health care taxes for a family with an average income of $55, 775 per year would be $2,788.75 which could be divided into twelve payments drawn from the citizens paycheck at $232.40 month. This plan would make health insurance affordable to all American citizens.