The Cost Of Healthcare And Healthcare - 1380 Words

The cost of healthcare and healthcare spending is a key component of any developed economy in that with good facilities there is a good source of human resource. Considerate health spending leads to the development of medical technologies and drugs hence satisfying fundamental social and individual demands for services that brings greater productivity, improved health, and longer lives. As compared to other sectors of the economy in the USA, health care is publicly funded. According to Organization of Economic Cooperation and Development (OECD) public spending in the United States of America accounted for almost half of total spending in the year 2011 as compared to 60-80 percent in other developed countries. The American society is currently grappling with exorbitant health care charges that have plagued the public; the high cost of health care services has been an issue that the ruling class has been grappling with. It has taken both political and social dimensions especially with the agitation of the Obamacare health plan when Senator Obama came into power. The focus of this discourse, though, is not to get into the political and social vagaries of the healthcare system, but rather to focus on the salient issues related to affordable care act (ACA) the American republic. Affordable Care Act (ACA) or the Patient Protection and Affordable Care Act (PPACA) The act, which is often nicknamed Obamacare, is the new health care reform law in America that is made up of the patientShow MoreRelatedHealthcare Costs1989 Words   |  8 PagesCosts Of Healthcare Christine Amargo HCA305 The U.S. Health Care System Sherry Grover June 9, 2014 Everyone wants to have access to health care and in order to access it they need insurance, but unfortunately not everyone can afford health insurance. The United States spends more money on health care than any other country, but raise the cost of health insurance to the citizens. Health care should be affordable if the government is willing to spend as much money as they are on it. Health insuranceRead MoreCost And Quality Of Healthcare1082 Words   |  5 PagesCost and Quality in Healthcare When it comes to improving healthcare, one must be focused not only on quality but also on cost. The question is then raised: Will higher cost result in higher quality care or will higher quality care help control costs? It is no secret that healthcare is incredibly expensive in the United States. Despite healthcare in the United States being 50 – 200% more expensive that in other economically developed countries, life expectancy rates and quality indicator scoresRead MoreThe Rising Cost of Healthcare1217 Words   |  5 PagesThe Rising Cost of Healthcare There is no doubt that healthcare cost are rising out of control. No one likes the increases, but it is far more understandable when considering all the reasons for these increases. American people look at their insurance bills, co-pays and drug costs, and cant understand why they continue to increase. The insured should consider all of these reasons before getting upset. Read MoreThe Rising Cost Of Healthcare1701 Words   |  7 Pagesrising 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. 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 insuranceRead MoreThe Cost Of Healthcare System1713 Words   |  7 PagesCost, the number one thing on people’s mind nowadays. People’s worry about the cost of healthcare usually leads to them being uninsured. For my healthcare system, I want it to publicly funded by public taxes (private donations are always welcome), similar to how healthcare in Europe is modeled. For check ups and routine things, the cost of those visits will be covered, if one visits a preferred doctor provided by the healthcare company. But if the medical expenses go over a certain amount, the patientRead MoreRising of Healthcare Cost766 Words   |  4 Pag esof Healthcare Costs Over the past 30 years, the American healthcare system has been afflicted by the continuous rise of healthcare cost. One of the reasons for the increase in healthcare cost is that in today’s society people are living longer lives than they did in the past and the prevalence rates of contracting chronic diseases and developing life threatening injuries are causing the United States healthcare system to suffer a financial crisis. Another reason for the rise in healthcare costRead MoreThe Health Costs Of Healthcare950 Words   |  4 Pageshealth expenditure, it has the highest healthcare expenditure. However, the US lies among the most developed nations that do not provide healthcare for all people. It is known that healthy people cause less costs to the economy when compared to sick people. The issue of the healthcare costs is one of the significant challenges that are facing the US healthcare system. However, there are a lot of efforts that are being made, in a bid to cut the costs of healthcare in the US system. One of the most commonRead MoreThe High Cost Of Healthcare1484 Words   |  6 PagesThe 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) willRead MoreControlling The Costs Of Healthcare1349 Words   |  6 PagesControlling the costs of healthcare benefits is something that takes quite a bit of skill from organizations. Companies can either cut costs by using an Alternative Pharmacy Network (APN), outsourcing through business-process outsourcing (BPO), or hiring more contingent workers than non-contingent workers. The health insurance benefit shou ld be both affordable and able to cover the needs of the organization’s employees. By obtaining affordable health care coverage for its employees an organizationRead MoreObesity and Healthcare Cost1624 Words   |  7 PagesThe intent of this paper is to explore the correlation between obesity and increased cost to companies for their healthcare coverage of all employees. Our hypothesis is that obesity is increasing the cost of healthcare company wide due to obesity and the diseased associated with this epidemic. Our null hypothesis is that the effects and treatment of obesity is not having a direct impact on the total healthcare cost of organizations. Obesity has both direct and indirect effects. Direct effects we