Why Is Healthcare So Costly? What Are The Effects?

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Recommended: Implications of Health Economic Concepts for Health Care

Health Care is one of the absolute biggest problems in our economy, but very helpful amongst the people of our economy. Access to affordable health care is very important, because it improves a person's life and their health by providing them timely medical care. Being uninsured is not beneficial in any way. It does not provide you even half the necessary benefits. Health care offers protection from the unpredictable problems that can happen in your life. Everyone’s life is delicate and anything can happen in the life we live today. Health Care is very important for many reasons, but was not even mentioned during the 2008 Presidential Campaign. Health care is a human right and is an organization committed to bring holistic wellness care to all, regardless of your socio-economic status. Everyone has the right to health, including health care, according to the Universal Declaration of Human Rights. Health care is a public good, not a commodity. Health Care affects our economy because of the skyrocketing price per person and the fight to earn it, but seriously helps a person’s health and their life. One area of Healthcare that is the rising costs of insuring the elderly and other serious illness. A large percent of the health care budget is 65 with chronic conditions like diabetes and heart disease.(NBC) Theodore Roosevelt once said, “We pledge ourselves to work unceasingly in State and Nation for the protection of home life against the hazards of sickness, irregular employment and old age through the adoption of a system of social insurance adapted to American use”.(History) Even back in those days, you had the absolute right to health. Annually, the United States spends around 16% of its GDP on healthcare; the next highest spendi... ... middle of paper ... ...y ways, positive and negative, but the scale leans more toward the negative. Hopefully, things will change and health care will no longer be the leading cause of our debt. Until then, the U.S. will have debt and problems in the medical field for years and years to come. Works Cited 1. Website Title: CNBC.com Article Title: Biggest Cause of Personal Bankruptcies? Date Accessed: May 01, 2014 2. Website Title: Healthcare Article Title: Why does Health Cost So Much? Date Accessed: March 19, 2014 3. Website Title: Healthcare.org Article Title: Why Should I Have Health Coverage? Date Accessed: March 17, 2014 6. Website Title: The New York Times Article Title: Why We Need Healthcare Reform? Publisher: The New York Times Date Accessed: March 19, 2014 Author: Barak Obama 7. Website Title: ObamaCare Facts Article Title: ObamaCare Facts Date Accessed: April 30, 2014

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