Health Care Budget Analysis

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Introduction The national expenditure levels in the United States have more than tripled over the last decade (US Census, 2011). Regardless of inconsistencies in national budgets, health care is still in high demand. Unfortunately, nearly half Americans cannot afford health care and are now forced to rely on Medicare and Medicaid. The generation of Baby Boomers, who was once the back bone for American Capitalism, is living with a growing health care crisis. Considering the age of the boomers, health care is essential. Medicaid and Medicare has become two of the governments most used medical insurances; as a whole- not just for the Baby Boomers. The current health care budget has grown more than the economy can endure. This report will present…show more content…
Considering that Medicare spending has increased significantly at the present level, all budgets, allowances, and reimbursements relating to Federal programs and private providers has hit an ultimate high over the past year. Mainly because many Americans are facing a future with the highest US Deficit; a staggering level of unemployment; and no medical coverage for health care. The Federal Government is accountable for an overwhelming increase of expenditure by more 35 percent within the first quarter of the annual reporting cycle. Approximately, 1 in every 15 people are at the poverty level and do not have health care (US Census, 2011). The most shocking factors are that more funds of the Gross Domestic Product (GDP) went to health care…show more content…
Under the terms of this system, a single public agency would organize health financing and the delivery of care would remain private. The Single-Payer System allows all Americans to be covered for all medically necessary services (, 2011). Among these services are: doctor visits, hospitalization, preventive care, long-term care, mental health, reproductive health care, dental, vision, prescription drug and medical supply costs. This system could work to resolve the lack of healthcare epidemic rising nationally. People would seek care for chronic diseases earlier, causing them to be more treatable. Private coverage often will delay care because of all related cost involved. These issues would be eliminated under such a system. Initially, the costs of taking care of the medical needs for those currently without care will cost more. Eventually, the consistent care would balance as the health care needs are met. Another measure of savings would be the reduction in cost for administration. The best way to control costs is to simply improve health care planning. Setting and enforcing a budget will assure the appropriate investments are made by negotiating outrageous fees for high-tech care with doctors, hospitals, and drug

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