health care paper

The issue with the health care system in the United States is the incredibly high cost of care, not the lack of coverage. The discerning lack of coverage is actually a consequence of the high cost of health care. If the cost of health care was kept in check, it would quite possibly ensure the expansion of coverage. Mitigating health care costs by controlling the very factors that appear to be driving health care costs would ensure that more people would have access to medical insurance. The question that the country is asking is ,”Is it possible to ensure coverage for all citizens?”. While the answer can be a resounding “yes”, this is only possible if these rising health care costs are publicly addresses resolved through government and public policy. More importantly, combatting and successfully addressing and resolving the issues of supply and demand in the health care sector are the only ways in order to ensure quality health care at an accessible rate for all citizens.
The search for solutions to rising healthcare costs must begin with finding a way to govern the demand for health care and ensure sufficient supply of health professionals. All the factors that have driven up costs in the past and promise to do so in the foreseeable future largely revolve around demand. The next few sections discuss how consumers in the U.S. value choice and enjoy the freedom to determine their own health insurance and the way in which they receive health care. By reviewing specific drivers and modulators such as choice and freedom, we can explain how the demand for health care affects price and quantity and begin to discuss possible solutions.
While offering freedom of choice among providers and health insurance plans is a major feature of emp...

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...e efficiency is the goal of any economy, which simply means the economy supplies what people want. Since almost no one inherently wants healthcare the way we do all other goods and services, it is the ultimate personal service, and the fairness of distributional issues abound. We have a great deal of difficulty understanding what our money buys and how to value it for healthcare. These factors may also explain why it is so difficult to collect data, define useful measures, and broadly report the value of healthcare. For furniture, food and beverage, housing, and almost every other consumption good, it is relatively easy to know more is better, and it carries a higher value. Healthcare is different, and it is this difference that explains, in part, what drives costs higher. We do not understand what part of healthcare costs should be eliminated to increase the value.