The cost of health insurance is continuing to rise which intern is making it difficult for Americans to provide health care for themselves and their families. Nationalizing health care would make health care more affordable to all Americans. Americans would be ensured the best health insurance possible. According to David Himmelstein, “Health insurance premiums have doubled in the last 8 years, rising 3.7times faster than wages in the past 8 years, and increasing co-pays and deductibles threaten access to care. Many insurance plans cover only a limited number of doctors’ visits or hospital days, exposing families’ to unlimited financial liability.
I have discussed the advantage of the consumer driven health plans. I talked about the advantage and disadvantage of the reforming health care. I believe that the advantages overweight the disadvantages of health care reform. It will allow the uninsured to have health insurance coverage and mandates coverage for all
It has been estimated by several economists that $339 billion a year in additional taxes will be the bare minimum needed to compensate for the high cost of health care. This means that most tax rates would increase by over 10% (Tanner). Also, as proven by multiple studies, when given a financial incentive to do so, consumers make cost-conscious decisions in most circumstances (Tanner). Hence, if we give everyone the green light and open the door to health services without it directly affecting how much they have to pay, nothing is stopping them from abusing the system. If such abuses of the system occur nation-wide, which would likely happen, the cost of health
U.S. Health Care Reform Accounting Issues By: Tracy Balduzzi firstname.lastname@example.org ACC 501 – Intro to Accounting December 1, 2012 Introduction Historically the United States has had one of the highest uninsured populations of all the developed countries and the topic of universal health care is not a new one in political debates. The discussion of a universal form of government-funded health care has been discussed over the last century (Palmer, 1999). In addition, many other powerful developed countries have adopted some form of universal health care coverage, such as Germany, France, and Britain. It stands to reason that the United States would benefit from examining the way other countries handle health care. Health care has been a very controversial topic throughout many presidential debates and terms.
To eliminate such process, the new bill will, offer new, low cost coverage through a national “high risk” frees, to protect people with preexisting condition until a new exchange is created. The pro of the new health care bill is that it will not add a dime to the current deficit and it is paid for, upfront. This reform will create independent commission of doctors and medical experts to identify waste, fraud and abuse in the health care system. Not only that, but it will order immediate medical malpractice reform projects that will help doctors to put their patient first instead on defensive medicine practice. However, it will require large employers to cover their employees and individuals who can afford it to buy insurance so that everyone will the share the responsibility of the
This mass expansion of health care in America must have an effect on utilization, but this effect is not yet known and is subject to vast speculation and controversy. Many people fear that the system will become overloaded and that Americans will be forced to get on waiting lists for care or perhaps deal with providers that are chosen for them. Due to the fact that the reforms force Americans that can afford health care to buy in, however, there will likely be less people cramming emergency rooms seeking free care. Perhaps the most important change in utilization forecast is the shift from treatment of disease to preventative care. The reforms and expansion of health insurance and specials provisions relating to preventative care are designed to get Americans to think about preventing disease before it happens.
With all this overhead one would think the united states would atleast be among one the worlds top healthcare systems right? Well, contrary to the misconception that, ‘the American health system is the best in the world, bar none” the US Business Roundtable released a study,assisted by 12 distinguished health economists, reportingthat , “relative to health spendinglevels in the rest of the OECD, the USA faces a 24% value gap relative to Canada, Germany, Japan, and the UK (Business Roundtable,
Healthcare in America Joshua Durfey ITT Technical Institute EN1320 Mr. Joy 24 February, 2014 Healthcare in America “Healthcare reform is not a new concept. In the late 1800s, 11 industrial nations developed social/national insurance.” (Lehman, 2013) The Affordable Healthcare Act has been a big controversy since its conception in 2010. Many people believe it will help, but there are the others who think this is another way for the government to control us. “Despite public perception, it is a fact that the healthcare system in the United States does not deliver the most salubrious care.” (Lehman, 2013) The pros and cons will be discussed in this paper as well as what it means to you and me. One of the biggest helps this bill will
: Major Health Care Issues and resolutions As you are aware there are many issues facing healthcare. However, of these issues I believe that there are three major ones that require immediate attention. Though the United States has the most expensive healthcare system in the world, there is a considerable lack of quality. Healthcare is the country’s largest economic sector, accounting for over $2 trillion in annual expenditures. Yet, millions cannot afford to take care of their health needs, increasing the total of children that are uninsured.