(Institute 2009) .For those people who consider themselves as self-employed who want to buy their own private health insurance, can be twice as expensive as that that is being offered through employers. (Feldman 2012) Health Insurance is essential to Personal Well Being and your Health. For a large proportion of uninsured people, health insurance can and most often a matter of choice. Uninsured Americans normally tend to delay and even go without doctors' visits, prescription medications, and other effective treatments, even if they know they have serious or a life-threatening condition. (Institute 2009).
According to Levey theories” Unaffordable deductibles are also emerging as a major issue for health plans being sold on marketplaces created by the Affordable Care Act. The marketplaces, now in their second year, were designed to help people who don’t get health plans through an employer. Most of the nearly 10 million people in marketplace plans qualify for subsidies to offset their premiums, but deductibles in many plans are thousands of dollars (Noam Levey). Overall, the health care cost should be affordable for people because there are many people who don’t have the money to afford higher medical cost while dealing with other financial problems. Here is statistic that shows the different countries that spends on healthcare.
The rapidly rising cost of health care in the United States has made access to medical care difficult for many citizens. Additionally, the number of uninsured is increasing because of job loss and reduction of employee benefits. This trend is projected to continue. The negative effect of reduced access to health care may have alarming effects on the economic well-being of the nation. The passage of the Patient Protection and Affordable Care Act (PPACA) marks the beginning of significant transformation in the United States’ health care systems.
Many of these people are hard working Americans who cannot afford coverage, yet earn too much money to qualify for their state Medicaid plans, but should have access to health care. In 2008, health care expenditures surpassed $2.3 trillion, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980 (Kimbuende, Ranji, Lundy, & Salganicoff, 2010, para. 1). In 2007, 62.1 Percent of all US bankruptcies were related to medical expenses. Ironically, 78 percent of the medical bankruptcies were filed by people who had health insurance (Himmelstein, Thorne, Warren, & Woolhandler, 2009).
Total health care expenditures grew at an annual rate of 4.4 percent in 2008 (Kimbuende, Eric pg.1). This growth has become a major problem for our government, employers, and consumers increasingly struggle to keep up with healthcare costs (Kimbuende, Eric pg.1). Although Americans benefit from many of their investments in health care, the recent rapid cost growth coupled with an overall economic slowdown and rising federal deficit, is placing great strains on the systems used to finance health care (Kimbuende, Eric pg.1). The exceeding cost of health care is causing more problems for the poor and middle class individuals (Kimbuende, Eric pg.1). One problem that is feeding into our healthcare deficiency is the spending on technology and prescription drugs (Kimbuende, Eric pg.1).
This is most likely the cause of the major deficit that the president spoke of. However, downsizing or eliminating these programs to lessen the deficit will affect many people and their ability to receive healthcare. In 1965 President Johnson signed both Medicare and Medicaid programs into law (Nile, 2011). According to Medical news today, “Medicare is a social insurance program that serves more than 44 million enrollees as of 2008” (MediLexicon International Ltd, 2011, para2). It cost about $432 billion or 3.2% of GDP, as of 2007(par2).Medicare is broken down into parts, Part A is hospital Insurance Part B is medical Insurance, and Part D is Medicare prescription drug coverage (medicare.gov).
Decreasing Healthcare Costs: Bundled Pricing and Lowering Administrative Costs It would be necessary for a hospital administrator to look closely at ways to lower healthcare costs and provide more efficient care when a large employer like BRPP states they are thinking of relocating their employee inpatient hospital services to a company like InduShealth. InduShealth is offering substantially lower prices for several surgical procedures and a U.S. hospital administrator would not want to lose this large consumer population if it was possible to find more efficient methods of providing healthcare to their patients (McLaughlin & McLaughlin, 2008). One pricing strategy that a hospital administrator could advocate for is a bundled... ... middle of paper ... ...on, L., Sunley, S., Manca, D., & Grunfeld, E. (2011). Current use of electronic medical records in primary care of chronic disease the implications for clinical governance. Clinical Governance: An International Journal, 16(4), 353-363. doi: 10.1108/ 147772271111175387 Stegman, M.S.
Plans & Trusts, 31(4), 19. LaPierre, T. A. (2012). Comparing the Canadian and US Systems of Health Care in an Era of Health Care Reform. Journal of Health Care Finance, 38(4), 1-18.
I feel that we need to fix our systems and how doctors treat people; and maybe than more people would be inclined to have health insurance and use it. For example I have insurance through my husband’s work, but the copays are so high we cannot afford to use it regularly. When we do go we are not treated like our time and money matter, for instance I went for severe abdominal pain, and was told I am over weight go home and lose weight and I should be fine. Why would anyone want to pay monthly for insurance rates and high copays to be treated that way? If people were not rushed and treated with respect and dignity, more people would not have a problem paying for services.
They are also worried that doctors will become underpaid and will leave the program. This means that citizens will not have as many providers to choose from (Pickert, 2009). This is not about money. This is about the lives and the health of American citizens. We have put our money into a war to help the people of other countries for too long.