As statistics show, there has already been an increase in the cost of health care partially due to the shortage in health care practitioners and the need to offer higher reimbursement for treatments. If predictions are true, and there is a shortage of 125,000 physicians by the year 2025, the cost of health care will increase more rapidly. Because health care and therefore an individual’s life is considered priceless, there are demand shifters that often affect the demand curve of a health care product. As demonstrated in the example above, physician loyalties and experience are just two of the many types of demand shifters. This demand shifters can cause an even steeper rise in health care cost in the real world.
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.
Analyze the main causes of a major problem in our society National Health Care Even before the recession cost millions of Americans their jobs a full 15% of the American population did not have health insurance and the majority of them worked full time (CDC, 2007). Indeed, while Americans equate work with health insurance the truth is that aboot 20% of working age Americans, people between 18 and 64 years of age, do not have health insurance (CDC, 2007). These numbers may seem small. However, additional investigation will show that this is only a small part of the problem in the country. The issue is not that all employers do not offer health insurance, but that Americans view health insurance as something only employers offer.
HRSA projects that, absent aggressive intervention, in the year 2020 the shortage will grow to more than 1 million RNs-representing a shortage of 36% (2). The “Baby boomers” are also aging and entering retirement. This has placed additional demand for the services of Nurses. Demands for Nurses is high and is expected to increase as more of the population gains access to healthcare reform. According to the American College of Nurses, “the nursing shortage is very real and very different from any experienced in the past and will grow more serious over the next 20 years” (3).
Access to Care Student’s name: Course: Institution: Date of Submission: ACCESS TO CARE Pros and Cons of Expanding HealthCare Increasing access to healthcare will mean that a large majority of people can access these services. There are about 45 million uninsured Americans and about 60 million become uninsured at some point in the year (Song & Smith, 2007). This suggests that these people cannot access proper healthcare. Expanding access will thus reduce this number thereby reducing the occurrence of preventable diseases (Nandi et al, 2009). It has also been established that people without insurance receive little care, get sick more often and thus die quicker (Gilfords et al, 2005).
Rising Health Care and Poverty Rising Health Care and Poverty in the U.S.A Introduction Rising health care costs and poverty have been on the rise since the early, 1990’s. Medical costs have more than doubled over the last decade, and health insurance premiums have risen nearly five times faster than wages. Americans are spending far more on health care than residents of any other industrialized county while receiving lower quality care overall. Clemmitt, Marcia (2006, April 7) Rising health cost (vol.16, Issue 13). The census data for 2006 shows that 36.5 million Americans or about one in eight lived below the federal poverty like of $20,614 in income for a family of four.
Health Care My current event is on health care reform. The House passed the health Care Reform Bill on Sunday, March 21, 2010. The Health Care reform bill is for the people who can’t afford health insurance. There are millions of people who don’t have health insurance and if they get sick they can’t go to get medical treatment. Passing health care reform does a lot more than give people health insurance.
It can be quite prevailing for individuals to have financial problems towards health coverage. Based on the Health Affairs reference, “In the last decade, health insurance premiums costs have increased by 80%... whereas 58% of Americans report they are not able to seek medical attention due to high costs” (Gary Claxton, Matthew Rae, and Nirmita Panchal, et al). Statistics also present many factors exhibiting millions of individuals facing the risk of losing their insurance. Above all, health insurance is a basic health necessity. Medical services being available to everyone will benefit the public health not only with quality, but along with quantity.
The current health care system in the United States is a structure that is intertwined with both a private and public sector. The system that is set up in the United States is the most expensive health care system in the world (Institute of Medicine, 2010). In the United States people spend more money on medical care than anywhere in the world. In addition, people are more concerned with the rising costs of health care than collective access for the American people (Shi and Singh, 2008). I think that this is the time for the government to step in and make some changes in the health care system.
Over the past years the cost of medical treatment is increasing faster than the income of the people living in the U.S., and it is expected to rise even more. The problems arising from this situation are nocking everybody’s door, and they are a special case for families under the category of low-income society who do not afford to have health insurance, which is very expensive. This condition is one headache for patients and their families in addition to the pain arising from their sickness. Only those who are insured can skip the situation. The question is how money Americas are insured?