Health Care in the U.S.

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The health sector is one of the most significant segments in the nation, as it takes 17 % of the United States gross domestic product. Healthier nation would be able to work more efficiently and enhance the level of its productivity. Due to health care being a necessity, the government intervenes so even poor people can get essential medical treatments. Generally, we all know that market forces decide the pricing for commodities. The demand and supply of health care plays an important role in setting its price. To meet the growing aged and ill population needs, more physicians, nurses, hospitals and medicines will be required. If the supply is not maintained with the increasing demand healthcare would become unaffordable for average person. U.S government has been working since years to overcome healthcare problems. Today, healthcare has become a political issue between democrats and republicans which has made the problem even harder to solve. As we all are familiar with our government’s last shutdown and how much it hurt to our economy. One of the biggest reasons for this shutdown was due to disagreements between both parties over funding or defunding the Obama Care. Growing Demand for Health Care As a result of improved technology and advance medical facilities these days, life expectancy rate has been increased. People are living longer than they used they used to be, especially in the developed nations. The major reason for longer life is because of the better quality medical treatments, and advanced technology. By 2020, baby boomer generation moves into the age group of above 55 years old (United States Department of Labor, 2012). America has a huge population of baby boomers, and by 2020 many of them will require some ki... ... middle of paper ... ...from Breitbart: http://www.breitbart.com/Big-Government/2013/09/30/Palin-I-believe-Obamacare-Unconstitutional McConnel. (2012). Economics. New York: McGraw-Hill/Irwin. Roy, A. (2013, September). Obama Care: know your rates. Retrieved October 29, 2013, from Manhattan Institute for Policy Research: http://www.manhattan-institute.org/knowyourrates/ The White House. (2013, November 07). Get the facts straight on Health Reform. Retrieved from Whitehouse: http://www.whitehouse.gov/healthreform/blog Ubel, P. (2013, October 2). How good is the good news about Healthcare inflation? Forbes. Retrieved from: http://www.forbes.com/sites/peterubel/2013/10/02/how-good-is-the-good-news-about-healthcare-inflation/ United States Department of Labor. (2012). Employment Projections: 2010-2020 Summary. Retrieved from Bureau Of Labor Statistics: http://bls.gov/news.release/ecopro.nr0.htm

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