Meritage Medical Network said, “It’s estimated that 30% of healthcare spending each year is wasted!” Even with this great amount of waste, the price of healthcare is still rising! This trend has been on since the dawn of health care, always rising! It doesn’t look like it will be going down anytime soon. The future prediction is that health care price will keep rising. In the past, health care was more affordable for every person and now it is at its peak. “Our healthcare has quadrupled in price since 1958” (Kimberly)! Since 1958, Americans began living longer and longer, increasing our need for health care (Conover). As Americans live they become more susceptible to diseases causing one to need more hospitalization. In 1960, the healthcare cost 145 dollars per person, and now it is 1,380 dollars per person, just in Minnesota (Conover). We need Healthcare, but out of pocket costs is $1,233 just for an X-Ray (Kimberly). “Health care per household has gone up 5.5% just in the last year” (Conover). “Hospital expenditures are also up 41% today” (Conover). With these rising prices, 44 million people in this country have no health insurance today (Davis)! “Out of all Americans ⅓ go out every day knowing they have no security if they get …show more content…
So the question one might have is will the price ever go down? Well, the answer is no one knows for sure. From the research done, it’s pretty obvious what’s going to happen in the future, the price isn’t going down. At the most health care cost probably will rise! Workers pay on average for health care 1,138 dollars per year, so imagine the future! That is why one would believe that the future of healthcare isn’t looking too bright, and just like on Little House on the Prairie they soon had to start paying doctors real money for their practices, and now our cost is going
Without question the cost of medical care in this country has skyrocketed over the last few decades. Walk into an emergency room with an earache or the need for a few stitches and you’re apt to walk out with a bill that is nothing short of shocking.
The United States is projected to spend nearly 20 percent of the Gross Domestic Product on healthcare by 2020.According to a Mckinsey study $447 billion of the 1.7 trillion the U.S. spent on healthcare in 2003 was in excess of what it should have spent based on its wealth. A 1 % increase in the rate of health-spending results in an increase of about $2 trillion in spending on health over the next 10 years.
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.
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.
Second our nation spends about $765 a year on carless healthcare which features unimportant medical tests and produces. Third is performing reckonable accident Errors that been impaired on patients whereas the Amount also was listed at $1.7 Million from 2008.Fourth the U.S.reckless spends about 100-200 billion a year in curing uninsured patients. Fifth the most common talked about Drugs of all is Tobacco which increases up to about 96 billion. Healthcare not only does give patients importance of everything but also we even have technology equipment along with so many life benefits enhancing is ridiculously high and is way over the line. Which is why so many of our medical learners are not being trained enough to understand on the...
However, our system is based on money. The more money you have to spend, the better medical services you will receive. ?According to the Bureau of Labor education at the university of main (2003), America spends more money oh health care than any other nation, "$4,178 per capita on health care in 1998?, compared to the average of $1,783. (BLE., 2003, p.23). Still an estimated "42.5 million Americans are living without health insurance", which prevents them from receiving medical treatment. (Climan, Scharff, 2003, p.33). The numbers of un-insured Americans continue to rise. Tim Middleton (2002) states, ?insurance premiums grow at a rate greater than wages,? when you have a low-income job. (¶ 9). With our current economy recession, taxes are rising and small business employers are unable to purchase health plans for their employees. Employees are realizing that they are unable to gain insurance from their jobs and beginning to speak out about the high price of health care.
In order to make ones’ health care coverage more affordable, the nation needs to address the continually increasing medical care costs. Approximately more than one-sixth of the United States economy is devoted to health care spending, such as: soaring prices for medical services, costly prescription drugs, newly advanced medical technology, and even unhealthy lifestyles. Our system is spending approximately $2.7 trillion annually on health care. According to experts, it is estimated that approximately 20%-30% of that spending (approx. $800 billion a year) appears to go towards wasteful, redundant, or even inefficient care.
According to the most recent numbers posted by the Census Bureau, an estimated 47 million Americans are uninsured. But let us examine these numbers closer. Of this 47 million, roughly 7 million are illegal immigrants, 9 million are on Medicade, 3.5 million are eligible for healthcare but do not pursue these available health services, and approximately 20 million families have incomes above the poverty level ($41,300 for a family of four) and can afford regular healthcare services with more coverage. Government tries to add all these factors together to make the numbers higher, in an attempt to gai...
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).
Since the 60s, government budgets have been influenced by the need to finance healthcare especially the cost of Medicare and Medicaid benefits. According to CMS’ National Health Expenditure Projections , total health care expenditures have grown by an average of 2.5 percentage points faster per year than the nation‘s Gross Domestic Product. For about 60 percent of workers who receive some form of health care coverage from their employers, the cost of their health insurance premiums and out-of-pocket expenses have increased significantly faster than their own wages; and between 1999 and 2008, both average health insurance premiums and out-of-pocket costs for deductibles, co-payments for medications, and co-insura...
Although health insurance can be beneficial because providers get paid for the services they provide to the patient the insurance premiums and deductibles are in many instances way more than many families across the United States can afford. With these extremely high costs for insurance statics show that over 40 million families’ can’t afford or have access to needed health care systems. “It shows that one-fifth of Americans couldn 't afford one or more of these services: medical care, prescription medicines, mental health care, dental care, or eyeglasses (R...
There are three issues when it comes to the health care cost rising. The first is the rising cost in prescription drugs. The second area of rising cost is the increased technologies when it comes to the medical industry. The third problem is the aging population. Prescription drugs are the area of the fastest growing health care expense, and it is projected to grow at 20 to 30 percent each year over the next several years. There are many newer, more expensive drugs on the market, and the use of these prescriptions is exploding. In addition, with so much television advertising, many consumers ask their doctors for expensive, brand name drugs when there may actually be a generic drug that works just as well.
Nearly every American can agree that our current health care system needs reforms. Primarily do to the fact that 45.7 million Americans are without health insurance. That's approximately 16 percent of Americans who sometimes have to do without healthcare, or face crucial financial responsibility. The main issues are admission to healthcare, and the affordability of health care. Before 1920, doctors didn't know enough about diseases to really provide useful care to sick people. Therefore the...
A long time ago, there was no need for health insurance in America, as doctors had many clients because their services were not so expensive and in some cases in rural areas, people could pay by giving other items. Doctors were not as knowledgeable as they are nowadays in caring for the sick, therefore this didn't have much effect then on the patients, as they were treated for the basic illnesses. As progress was made in medicine gradually with new medical technologies which could only be used in the hospitals, doctors started charging more, which was unaffordable for most people, with time, all this started to change as the industrialization of the American economy caused families and people to start relying on services from doctors and the hospitals for treatment. In 1929, a system was created in Dallas, Texas (1) which charged everyone the same. This insurance was to ease the healthcare problem and create a happy scenario for both the doctors and patient, which employers added health to employment packages to boost labor due to shortage after the Second World War.
...ue to numerous medical errors. With the amount of medical errors that currently do occur which is a current health care issue it cost the health care billions of dollar each year to fix the mistakes that were made.