Overall Healthcare and Economics: Health care costs have continued to increase in the past few decades despite of the numerous health reform initiatives. Currently, these expenditures account for more than 18 percent of GDP in the United States, a percentage that is expected to continue rising significantly. Actually, it’s projected that the share will rise to 34 percent of GDP by 2040 if health care costs continue to increase at historical rates. The increased health care costs have considerable impacts on households, insurance companies, and government budgets. For instance, households with employer-financed health insurance will have a progressively minimal portion of their total compensation in the form of take-home pay.
Life expectancy at birth... ... middle of paper ... ...ivate health. Moreover, health expenditure covers the establishment of health services both preventive and curative, family planning activities, nutrition activities, and emergency aid designated for health. The United States spends much more on health per capita than most countries, spending $9,146 in 2013 compares to China 646 and Brazil 1,454. Hence, with the high spending in health care you would expect the U.S to have a lower mortality rates and higher life expectancy with the amount of money being spent. As one can see, that the United States Health Care system should be a great system and with the help of advance technology we are able to provide much more efficient and effective health care service.
But what are the answers to these questions? Let us look at the different ways our government has chosen to answer some of these questions over the years. It is a fact that compared to other Western nations, our government has spent more per-capita on health care than any other nation, this shows just how much of an important issue our government believes it to be. People have had many different ideas about how a universal government-run health care plan would look, in their article “Universal Health Care in the US” by Lora Cicconi and Kerri Strug, (Cicconi, Strug May 25, 1999) they believed that
Medication errors in the United States cost hospitals and insurance companies billions of dollars every year. Each year written prescription errors cost thousands of Americans their life. Medication errors are costly to the healthcare system and the implementation of the electronic prescription system in hospitals and physician offices is sporadic. The government has implemented many incentive programs to encourage hospitals and private practices to adopt the use of electronic prescription systems. The introduction of the electronic prescription has reduced medication errors in hospitals and physician’s practices cutting the cost of health care.
Welfare Reform: A Matter of Justice Medicaid. It is the United States Federal Government program to aid states in providing health care to the poor and impoverished who otherwise could not receive proper medical care. In 1995 the federal government spent a total of $77.4 Billion on Medicaid. This is up almost 300 percent from $20.1 Billion in 1984, only 10 years earlier. In the same 10 years state spending on Medicaid rose over 250 percent from $16.5 Billion to $58.2 Billion.
The U.S. spends “nearly 18 percent of its GDP on health care-more than any other developed country” (Holmes). The proportion of income being consumed by the medical industry has increased for decades and will continue to do so without healthcare reform. In fact spending “has grown 2 to 2.5 percentage points faster than the economy in real terms per capita” (Wilensky). This growth can be attributed largely to the current employer-sponsored insurance. Because the insurance premiums are excluded from the employee’s taxable income, individuals tend to over consume healthcare.
Some health care policy goals of society are delivery and financing of health care services. Health policy usually explains the movements engaged by governments; local, state, and national, to improve the society's health and welfare. It is a health care policy that stays more focused on discussing the health care needs of the majority of the population. The United States of America (USA) is the leading spender on health care than any other country (policy almanac, 2010). For years, health care expenditures grew at a far more swift rate than the Gross Domestic Product (GDP), by using the majority of the country‘s capitals.
Americans spend far more per person on the costs of litigation than any other country in the world. The excess of the litigation system are an important contributor to “defensive medicine” – the costly use of medical treatments by a doctor for the purpose of avoiding litigation. As multimillion-dollar jury awards have become more commonplace in recent years, these problems have reached crisis proportions. Insurance premiums for malpractice are increasing at a rapid rate, particularly in states that have not taken steps to make their legal systems function more predictably and effectively. Doctors are facing much higher costs of insurance.
What are the effects of American’s health-care crisis? American’s health-care system is in turmoil. According to Bradley and Taylor (2013), “we spend nearly twice what other industrialized countries spend on health-care” (para.2). See figure 1; Figure 1(Huffington post, 2013, chart 1). Figure 1 shows various industrialized countries per capita spending on health-care, and the percentage of gross domestic product (GDP).
According to Udall-Bono Healthy Workforce Bill Offers Biz Important Tax Breaks (2007), in 2006, total annual health care spending is an estimated $2.2 trillion while the average employer medical costs increased 72 percent between 2002 and 2006. By 2014 our country’s total health care expenditures are estimated to reach $3.6 trillion. In turn, corporate wellness programs are being implemented to help create a healthier workforce and decrease employer health care cost through wellness promotion and disease prevention. This paper will discuss the background, regulation, and future direction of corporate wellness programming. Executive Summary The leading cause of deaths amongst American's in the early twentieth century was due to infectious diseases.