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Research paper on the rising cost of health care
Cost are rising for all kinds of medical care
The real reason why healthcare costs are on the rise
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Recommended: Research paper on the rising cost of health care
Begin your paper with a strong introductory paragraph. The purpose of this paper is to examine factors that contribute to the rise in health care costs and available ways to decrease the costs without any hindrances. The estimated annual health care cost of illness is a staggering $3 trillion or about 17% of annual medical spending in the United States (Beilfuss & Thornton, 2016). In one’s point of view, health care cost is the amount of money in which an individual or a third party pay in exchange for health care goods and services. There are numerous factors that contribute to the rise of medical cost notably: 1. Fee- for- service payment model 2. The burden of the growth in obesity 3. The aging population 4. Inferior quality of care (Moore, …show more content…
Based on internal and external circumstances, people will suffer some type of medical disease. The high cost of care can indirectly have an impact on patient’s health by either the patient;s refusing a treatment or delaying a needed treatment due to after cost (Karaca-Mandic, Choi-Yoo, Lee, & Scal, 2014). Many underserved population failed to keep a primary provide and uses the emergency department for simple illnesses that can be managed at the clinic simply due to lack of maintaining insurance. It is possible to improve the health of these individuals, families, and communities’ health expense if costs can be …show more content…
encourage patient adherence to clinical guidelines Maintaining certain strategies can control health care cost. If health payers in collaboration with healthcare providers can move away from the fee-for-services and come up with a new payment model that encourages preventive care (Moore, Eyestone & Coddington, 2013). Also, the availability of healthy food prescriptions program that are organized by hospitals and its communities can allow an individual to select any kind of fruits and vegetables and assist people with weight or nutrition related disease in staying healthy (Swinburne, Garfield, & Wasserman, 2017). In an attempt to controlling healthcare cost, effective prevention services are encouraging. Patient adherence to clinical guidelines should be utilized to decrease the spending diseases. For instance, patient receiving unneeded harmful test such as CT scan that exposes an individual to high dose of radiation that can proceed to cancer is of concern to increasing extra cost in the hospital, therefore, an approach which involves self-management services and patient’s engagement to help to efficiently manage many conditions and avoid any preventable admission. Furthermore, the attention on nutritional education and counseling on the prevention on diet related disease can yield a positive result in decreasing health cost (Swinburne, Garfield, & Wasserman, 2017). It is imperative to ensure that avoidable admissions and
The U.S. spending on health care is an outlier compared to other industrialized countries. On an individual basis heath care in the U.S is approximately double what other industrialized countries spend. On a total spend basis, the $3 trillion currently consumed in this sector represents the world’s fifth-largest economy. This high spending on healthcare is unsustainable in the long term. Businesses, individual consumers, and the government are consequently not insulated from the shrinking economic growth due to the ramifications of the high healthcare costs. In a global competitive market the U.S. business will lag behind other industrialized countries unless these high healthcare costs are curtailed. In addition, individuals, even those with insurance face the grim prospect of bankruptcy due to the high cost of care.
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.
For essay three I have chosen to discuss reducing the cost of health care for all Americans. Affordable health care has always been a major issue for many Americans, especially low income families and the poor. In fact according to Statistics Brain their statistics show that many thousands of Americans cannot afford and do not have health care.
Healthcare has now become one of the top social as well as economic problems facing America today. The rising cost of medical and health insurance impacts the livelihood of all Americans in one way or another. The inability to pay for medical care is no longer a problem just affecting the uninsured but now is becoming an increased problem for those who have insurance as well. Health care can now been seen as a current concern. One issue that we face today is the actual amount of healthcare that is affordable. Each year millions of people go without any source of reliable coverage.
Overall, the increase within health care costs is effecting our nation significantly. Not only does it affect consumers but also organization. As it continues to increase everyone is finding themselves unable to pay for such changes. Reducing such growth within the health care costs requires a collaborative, inclusive, and dual-party approach. Strategies for reducing the costs include but not limited to: promoting prevention and healthy living, improving patient safety, and promoting transparency on medical costs and quality. If the nation works on such improvements, hopefully we will be able to turn the health care system into something we can all afford once again.
Despite the established health care facilities in the United States, most citizens do not have access to proper medical care. We must appreciate from the very onset that a healthy and strong nation must have a proper health care system. Such a health system should be available and affordable to all. The cost of health services is high. In fact, the ...
The U.S. expends far more on healthcare than any other country in the world, yet we get fewer benefits, less than ideal health outcomes, and a lot of dissatisfaction manifested by unequal access, the significant numbers of uninsured and underinsured Americans, uneven quality, and unconstrained wastes. The financing of healthcare is also complicated, as there is no single payer system and payment schemes vary across payors and providers.
A health care system that provides free health care services to its entire citizen can be termed as universal health care. This is a situation where all citizens are protected from financial costs in health care. It is recognized around the globe as it provides a specific package of benefits to all citizens in the entire nation. For instance, free health care can result to improved health outcomes. In addition, it provides financial risk protection and an improved access to health services. There is an increasing debate on how citizen should be provided with free medical services. Although United State does not permit free health care services it should have free health care for all citizens. This is due to the fact that healthcare is the largest industry in United State. Due to the fact that United State is a rich country, it should have a healthcare system that provides free services such as treatment for its entire citizen. This will play a significant role, as it will stop medical bankruptcies in...
American people look at their insurance bills, co-pays and drug costs, and can't understand why they continue to increase. The insured should consider all of these reasons before getting upset. In 2004, employee health care premiums increased over 11 percent, four times more than the rate of inflation. In 2003, premiums rose 10.1 percent and in 2002 they rose 15 percent. Employee spending for coverage increased 126 percent between 2000 and 2004. Those increases were lower than expected. (National Coalition on Health Care, 2005, Facts on health care costs). Premiums have risen five times faster than workers wages, on average. If medical spending continues to rise by just two percent more than personal income, by 2040 Medicare and Medicaid would hit 18.5 percent of the gross domestic product, leading the federal deficit to be 20.7 of the gross domestic product. (Melcer, R., 2004, St Louis Post-Dispatch, Rising Costs of healthcare pose huge challenges).
2. The twin problems of the health care industry as viewed by society are cost and access. First of all, the cost of getting health care is very high and it is getting higher each day. This has been mostly caused by the combination of high cost and an increase in quantity of services provided to the communities. The other problem involves access to health care. American enjoy limited or no access to health care. Many efforts have been done to reform this, but still but still many people are left without access to the care. These two problems are related due to the fact that if the health care industry gets to high off course people no longer will be able to have any access to it. The higher prices are, the lower access people have to it.
The health care system in the United States encompasses so many individuals, businesses, and interest groups. Also, it can be difficult to pinpoint the most optimal approach to serve everyone’s unique needs and wants. This has led to a major health-care crisis in the society. As a matter of fact, the effect of the health-care crisis in the American society has been a longtime situation, and an effective policy response must focus on what is most enriching in the society: aiming to improve the overall quality of the system and positively impact the health status of all citizens, while subsequently minimizing costs.
Healthcare plays an important role in almost every person’s life at one point or another. Many times, one can get caught without, or underinsured and it can be detrimental to their livelihood. With the rising cost of healthcare, it is likely that having a national healthcare policy in place, and as an individual, being able to afford and obtain adequate health insurance has not been required until now. With the new national healthcare plan, it is required for all citizens to obtain and maintain some sort of public or private insurance policy. The rising costs can be attributed to many things. A significant reason for the astronomical cost of health care is because of the staggering amount of uninsured or underinsured individuals receiving medical attention and almost many never paying the bill. Those who do have insurance have seen a gradual increase in their premiums and deductibles to make up for this.
Rising medical costs are a worldwide problem, but nowhere are they higher than in the U.S. Although Americans with good health insurance coverage may get the best medical treatment in the world, the health of the average American, as measured by life expectancy and infant mortality, is below the average of other major industrial countries. Inefficiency, fraud and the expense of malpractice suits are often blamed for high U.S. costs, but the major reason is overinvestment in technology and personnel.
This public health issue does not only effect individuals but the national as a whole in regards to the health care system costs. Obesity in children "costs the health care system $14 billion per year, much which comes from public funds" (Glanz, 2008). Also, obesity is expected to cause 112,000 deaths per year in the United States(Gollust, 2014). In addition, many changes seen in the health care sy...
The cost of US health care has been steadily increasing for many years causing many Americans to face difficult choices between health care and other priorities in their lives. Health economists are bringing to light the tradeoffs which must be considered in every healthcare decision (Getzen, 2013, p. 427). Therefore, efforts must be made to incite change which constrains the cost of health care without creating adverse health consequences. As the medical field becomes more business oriented, there will be more of a shift in focus toward the costs and benefits, which will make medicine more like the rest of the economy (Getzen, 2013, p. 439).