citizens, universal healthcare would significantly lower healthcare costs for both the individual and the government. Without a doubt, something should be done to fix the current healthcare system; it is just a matter of what should be done. Over the past several years, the cost of healthcare in the U.S. has risen significantly and does not seem to lower, surpassing “$2.2 trillion in 2007” (An). This ever-increasing cost has caused less and less coverage, being unaffordable to more and more people; “The average American spends about $7,900 dollars per year on healthcare” (Sanders). Though healthcare is currently very costly, studies show that universal healthcare would be cheaper than the current privatized system (Conor).
“Because We Can”, Reason Enough… Fertile Ground for Medical Insurance Fraud By Kenneth W. Williams Insurance in its inception was designed to further economic gains through providing security and quelling economic insecurity. By also bridging income inequality, medical insurance enabled the vast majority to lead normal lives regardless of their health disparities and conditions. Medical Insurance fraud cost U.S. residents billions of dollars every year. When health care fraud is perpetrated, the health care provider passes the costs along to the consumer/clients/customers. Because of the frequency of health care fraud, statistics now show that $.10 of every dollar spent on health care goes toward paying for fraudulent
Molly Leonard The Benefits of Nationalized Healthcare Healthcare has been a foremost dispute during the existing economic recession because of the necessity and significance of the service. Healthcare is primarily owned and operated by the private sector and the United States alone spends two trillion dollars annually on healthcare. The United States spends more on healthcare than any other developed nation in the world, but these extreme expenditures exist because healthcare is a necessity and right for every citizen (Johnson). The increasing health care expenditures are due to the dense population of the United States and the satisfactory standard of living that citizens expect. Government has the social responsibility to provide safety
Several say, it will stabilize the economy and steady the unemployment rate, even though the income rate will be small but significant. Obama Care claims, “To provide affordable, quality health care for all Americans and reduce the growth in health care spending.” When looking through an overview, with Tricare Prime an office visit is $12 per visit regardless with what the provider charges. Alternatively, with Tricare Standard though, you pay a 25% cost-share per visit. For example, if the provider charges $100 for an office visit, Tricare pays $75 and you pay $25. See the difference?
These people are projected to have incomes too high to qualify for their state’s existing Medicaid programs, but below the federal poverty level (nearly $11,500 for an individual) required to be eligible for federal subsidies to buy private coverage on the new online insurance marketplaces set up by the Affordable Care Act. Medicaid is the state-federal health insurance program for the poor. “Millions of adults will remain outside the reach of the ACA and continue to have limited, if any, options for health coverage,” the study concludes. The law provides full federal funding for three years to states that expand Medicaid to cover residents under 138 percent of the poverty level (or just under $15,900 for an individual). But the Supreme Court made that requirement effectively optional for states, and most Republican led-states have opted against expanding the
The government will have to pay Social Security benefits to these huge numbers of retirees with the money they collect from people who are working now. Medicare is essentially a free or very cheap health insurance program for old people. So all these new old people will be getting Medicare ... plus health care is getting more and more and more expensive these days -- for doctors' visits, for procedures like x-rays or others, and for medication. It's a hugely expensive program for two reasons, then -- more and more people eligible for the program and the fact that health care is getting more and more
At the present the systems financing our health care include private insurance companies, employer sponsored health insurance coverage, and public insurance programs such as Medicare and Medicaid. The Medicare/Medicaid programs are in jeopardy. Unless something is done, the funding for these two programs will be depleted. “Some people work productively for years and die contently with wealth and happiness in old age, whereas others struggle for a few months or decades in agony as they are relentlessly drawn down into premature mortality” (White, 2001). Technology and premium growth are major contributing fact to the rise in health care spending.
Many believe it is an individual states decision on how medical expenses be paid, however other’s belief the states should all follow the federal governments lead. The main issue is health care cost will continue to increase because the United States citizens continue to foster blame towards the government. To decrease the cost of health care in the United States we as
It may or may not depending on what kind of insurance you have and how many hoops you have to jump thru before they actually authorize the medication or give you the okay for the technology to be used on you. In one article it is saying that the U.S. is one of the leading in health care technology. That we have machines that can save lives and that we have medications that can help us live longer with our diseases but it comes with a high cost. It is making the employer take most of the cost and the patient pay very little but is this really true. Most people have high deductibles before the employer will even start to pay some of the health insurance coverage.
That's because many people will receive preventive care for the first time in their lives. This could lead to treatment of unknown illnesses, driving up costs. To help pay for this costly plan will require the Medicare payroll tax to increase for those making over $200k a year. Another weakness of the legislation is that it requires every American to obtain health insurance or pay a penalty for not doing so, known as the individual mandate. The prices for coverage will still vary dramatically based on location; which makes if difficult to keep track.