Healthcare Cost Benefit Analysis

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In the United States many influences contribute to this increasingly high number of healthcare costs. You have the aging population, technology, and increasing amount of pharmaceuticals. Cost of healthcare must be controlled eventually because it is reaching a point in which the government is finding it hard to sustain the needs of everyone. Healthcare must reform in order to reduce the cost of healthcare before the quality of healthcare begins to reduce drastically. The level of current national health care expenditures Health care is a huge player in healthcare spending which the United States is over whelmed by their spending. This contributes to high number of health care costs that keeps rising. Spending in healthcare has steadily…show more content…
Over the past four decades, the share of gross domestic product (GDP) spent on health care has more than tripled from 5 percent to 16 percent. Recent CBO and CMS forecasts suggest that health care spending will top 30 percent by 2040 (NCPA, 2009). The CBO's projections show that health care spending may grow to as much as 50 percent of GDP by 2082 (NCPA, 2009). The economic goals for the U.S. healthcare system include making healthcare affordable and accessible to the average U.S. citizen regardless of their insured or…show more content…
One concern in particular will be the amount of healthcare workers needed in the future to provide the necessary care. In economic terms the supply must meet the demand for healthcare. There will be many healthcare workers retiring, so new personnel are going to be needed. To staff personnel, there should be individuals recruited for careers in physicians, nurses, medical assistants and medical receptionists. It is important for citizens to improve their lifestyle choices. We need programs that are structured to provide incentives for a healthier lifestyle such as smoking cessation courses, how to choose health food options, and exercise. Despite some efforts to create a national system, healthcare is still funded largely by joint employer/employee contributions, with the employer typically picking up 70-80% of the

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