Health Care Spending - 1347 Words

Health Care Spending HCS/440 Michellelina Coleman April 18, 2010 Katherine Iaconetti Health Care Spending Health care is a huge added player in the hat rides the Current national expenditure levels in the United States has more than tripled in the past decade, while the amount of Americans that can afford private health insurance has dropped and the number of people relying on Medicaid and Medicare has increased with the aging baby boomer generation. Medicaid and Medicare being two of the governments most used medical insurances, the spending in health care has grown faster than the economy can bear. The Medicare physician reimbursement system provides a kind of â€Å"public good† for other insurance programs; that is, it offers a†¦show more content†¦The rough estimate according to the Thomson Reuters (TRI) report for the United States is on average seven hundred billion dollars. This is believed by many to be spent on multitudes of treatments that are unnecessary and redone, clerical error, and of course fraud. With an estimated 46 million people in the United States uninsured if even a third of that seven billion dollars could be cut every one of those millions of people could receive health care. Some of the cost cuts that are being suggested by President Barack Obama will not even go into effect until the latter months of 2013, because of this as is the same as the previous decade health care costs and spending if not put into check by other methods could easily continue to grow and double what history has already shown over the coming decade. This rough estimate is believed to possibly go as high as 5 trillion or more before the suggested legislature takes effect becoming almost an astounding 21% of the national average debt. Snapshot of THOMSON REUTERS CORP (TRI) |OPEN | |PREVIOUS CLOSE | |$36.12 | |$36.32 | |DAY HIGH | |DAY LOW | |$36.51 | |$36.00 | |52 WEEK HIGH | |52 WEEKShow MoreRelatedHealth Care Spending725 Words   |  3 PagesHealth Care Spending Paper C Murphy HCS 440 December 19, 2011 Health Care Spending Paper Today, health care issues within the United States are still a major concern in regards to where people of our communities do not always agree with what is being done and what is not being done. The three major issues with health care spending is how much is it going to cost and where is the money going to come from? The amount of per-patient costs have doubled more in the United States than other nationsRead MoreHealth Care Spending1686 Words   |  7 PagesHealth Care Spending HCS 440 Health Care Spending Health care spending in the United States is a key contributor to the countrys economy. The health care industry provides employment as well as providing services that bring healthier lifestyles, better productivity, and a longer life. Health care also brings the development of new drugs and new medical technology that also helps keep the economy employed. However, although the health care and health care spending does tend to help the economyRead MoreHealth Care Spending2274 Words   |  10 PagesHealth Care Spending My position on national health care spending is way too much monies is going out and not enough people supporting the problem. A universal health care plan for every man, woman, and child who resides in the United States is the most economical way to achieve this goal. All working citizens must have monies automatically taken out of their paychecks and if you can afford more than the basic plan, then there will be plans available that you can upgrade to like Aflac. No matterRead MoreHealth Care Spending1149 Words   |  5 PagesHealth Care Spending in the United States Lisa Patti HCS/440 April 23, 2012 Caryn Callahan Introduction Heath care in the United States is costly and confusing. Many do not follow the facts, policies or cost the government has controlled in health care. This leads to obtaining the incorrect insurance that causes high out of pocket expenses to choosing no health insurance at all. In today’s society many cannot afford health insurance, in 2010 49.9 million people in the United States were withoutRead MoreHealth Care Spending Paper909 Words   |  4 PagesHealth Care Spending Paper Health Care Spending Paper Health Care Spending The national health care spending in the United States has been growing faster than the national economy for many years, yet many United States citizens are without sufficient health care. Not only is it representing a challenge not only for the government’s two major health insurance programs (Medicare and Medicaid), but with the private sector insurance also. As health care spending rises for the nation’s economicRead MoreHealth Care Spending1794 Words   |  8 PagesHealth Care Spending       HCS 440 Economics: The Financing of Healthcare    Class Group:  BSEW1GQMZ5    University of Phoenix Online    Instructor: Geoffrey J. Suszkowski, Ph.D., LFHIMSS    05/11/2015 Health Care Spending â€Å"In 2013 U.S. health care spending increased 3.6 percent to reach $2.9 trillion, or $9,255 per person, the fifth consecutive year of slow growth in the range of 3.6 percent and 4.1 percent. The share of the economy devoted to health spending has remained at 17.4 percentRead MoreCurrent National Health Care Spending1564 Words   |  7 Pages Health Care Spending Health care spending in the United States is the highest then in any other country. According to Kane (2012), the Organization for Economic Co-operation and Development (OECD) there are less physicians per person than in other OECD countries. For example there was 2.4 practicing physicians in the U.S. per 1,000 people. The average for OECD was 3.1, the U.S. fell well below. In 2012 $8,233 was spent on health care per year per person, this was â€Å"two and a half times more thanRead MoreAmerica s Spending On Health Care889 Words   |  4 Pagescustomer’s spending on health care gets lesser because of cost-saving measures within reforms introduced by Barack Obama in 2010. In the article, it shows the annual rate â€Å"Between 200 and 2009 real health spending per person grew at an annual rate of 4%†. However, â€Å"since 2009 the rate has slackened to just 0.3% a year†. This rate shows how people do not spend on the health care compare the spending from 2000 to 2009 to the spending after 2009. Even though America’s spending on medical care has beenRead MoreHealth Care Spending in the United States1163 Words   |  5 PagesHealth Care Spending in the United States HCS440/Economics: The Financing of Health Care November 25, 2011 Jeannie Major Health Care Spending In the early 1930’s, the Blue Cross/Blue Shield Organization led consumers to hospitalization and medical coverage under their own charter for everyone who sought coverage for one prepaid fee.   Years later, other insurance companies, such as Kaiser Permanente began to offer coverage to consumers within their geographic boundary. However, health careRead MoreEssay on The Underlying Dynamics of Health Care Spending 1442 Words   |  6 Pagespay for health care, and it is not getting any cheaper. With the baby boomers getting older the population is going to need health care now more than ever. The hospital stays, the procedures and surgeries, long-term care, the doctor and dentist visits, the medical supplies, and medications are hardly affordable. How will we pay for it and how much will we have to pay? Where will the money come from? Citizens, businesses, and the government are paying more and more for health care. Health care as a percent