The Centers for Medicare and Medicaid Services which is also known as CMS, guesses that growth in health spending will continue to outpace GDP over the next 10 years. I feel that the government is in trouble when it comes to health care. They are trying to figure out how to provide all Americans with health care, and not go broke. Not only that, but there are many other factors that contribute to the rising expenditures that might be submissive to the policy, such as investment in information technology. IT a good use of technology, such as electronic medical records, has been encouraged and researched for its potential to share more information and reduce overhead costs.
The economy has gotten better through the years and President Obama has come up with some very beneficial strategies that have helped this country get out of the recession that we were in. The Affordable Care Act known as Obama care is a HealthCare reform that’s used to help those individuals and families who do not have health insurance seek the care they need. I believe that this was another great achievement for President Obama. There are millions of people who cannot afford the proper healthcare that they need in order to survive. The people who need this the most are now being helped out and this has helped our
California Workers Compensation: Reducing Fraud by Eliminating Existing Moral Hazards (Research Design - Final) By Randall Parker November 18, 2003 PPA501 – Analytical Methods California Workers Compensation: Reducing Fraud by Eliminating Existing Moral Hazards By Randall Parker One of the most contentious expenses faced by businesses in California is increasing Workers’ Compensation premiums. In 1997, national direct and indirect health care expenditures under the system exceeded $1.25 trillion (Melhorn, 2000). New features added to the program in California by Gray Davis will add $10 billion over the next three years to the cost of the system, which employers will have to pick up in added premiums (Can-Do, 2003). While politicians
Moreover, Obama is looking to increase taxes on affluent Americans to fund a “$634 billion health care ‘reserve fund’ aimed at reforming the system” according to Ed Henry in his article Obama Seeks Tax Hike, higher Medicare Payments. Considering the government would see itself as providing healthcare for every American citizen, even supposing it is American taxpayers that are footing this bill; this will give the government a great argument for taxing many other goods that Americans buy. Cigarettes, fast food, and excess coffee consumption will be deemed as uncertain behavior and therefore will be taxed much more heavily. Also, the question needs to be raised as to what else is risky behavior. Kayaking, bicycle riding, and motorcycles can all be argued to be dangerous.
If this law passes, it gives them the ability to feel safe, or at least to feel not as threatened as they are right now without any sort of law protecting them. President Obama refers to the new bill as his vision for the 21st century immigration system. The new bill states that undocumented immigrants need to “get right with the law before they can get in line and earn their citizenship.” The bill would cause the population of the U.S. to increase by 10.4 million by 2023. The resulting increase in federal tax revenue would be enormous, but would first require a $262 billion increase in federal spending, "particularly for the Medicaid program and for subsidies provided through insurance exchanges created under the Affordable Care Act. "This new bill does not give undocumented immigrants the rights that they deserve, but it is a start to standing up and doing something about the immigration
On the other hand, the Republicans representing the cons suggest that millions of Americans will lose their current health insurance, and in addition, companies will lose their current coverage. The Obama healthcare plan will reduce the high-rising cost of insurance premiums by $2000 per family. The Republicans believe, or broadcast that the cost of medical care and insurance premiums will escalate toward a catastrophic high. Getting past the different ideologies, the Obama healthcare plan will help prevent crippling diseases through early detection funding, and offer millions of Americans affordable healthcare concluding toward saving families from overwhelming medical bills, bankruptcy, loss of livelihood, and ultimately save
Many social and economic barriers are a part of why many Americans are not receiving proper healthcare. (Lavizzo-Mourey, R, (2009). We can reduce this by Coordinating care through family doctors and Use insurance to manage chronic diseases (Arnst, C. (2009). Example, if more people seek preventive care and are able to speak to their doctor longer than the 10 minutes most providers are with the patient more problems can be addressed and preventive standards can be set in place. This can save the nation an estimated $25 to $50 billion a year for not repeating visits for duplicate complaints or follow up cost.
When signed into law on March 10, 2010, the Obama-approved Patient Protection and Affordable Care Act “ ...increased health care coverage to include 32 million previously uninsured Americans, [and] under the new law, 95% of Americans will be insured" (ProCon.org, 2009). The goal of this health insurance plan is to provide affordable health care to all. The closest the government has come previously is with Medicaid and Medicare programs which grant the elderly and the poor a guaranteed minimum of health services (Carmalt & Zaidi, 2004). Meanwhile, with the current system, policy makers, politicians and insurance companies are reaping the rewards from how the current health care system is run. According to Senator Sanders (2010), 30% of each health care dollar private insurance companies spend is on “...administration and billing, exorbitant CEO compensation packages, advertising, lobbying and campaign contributions”.
The real debate is how can we accomplish the goal of universal healthcare in the most affordable and sustainable way. The United States is evaluated as a wealthy country, yet there are more penurious countries who provide health maintenance, paid through higher taxes. “In the United Kingdom and other European countries, payroll taxes average 37% - much higher than the 15.3% payroll taxes paid by the average US worker” (Gregory). With this data, the only reform would be to end the private health insurance companies of dominant health services, and incorporate a single payer system. Conversely, it is factual that taxes will rise, but the implementation of universal healthcare will better the health of American citizens.
This is also true of high medical expenses. 2) Jobless spouse can have an IRA A spouse may contribute to an individual retirement account (IRA) even if he or she doesn’t work. Additionally, the point at which the IRA benefits are phased out based on income are dramatically higher for married couples than they are for single people. 3) A married couple can get greater charitable contribution deductions There’s a limit to the charitable contributions that may be deducted in a year, based on income. Having a spouse can raise that limit, 4) Marriage can protect the estate Being married can help a wealthy person protect the assets he leaves behind when he dies.