One-quarter of all medical spending goes to administrative and overhead costs, and reliance on antiquated paper-based record and information systems needlessly increases these costs. Over 45 million Americans—including over 8 million children—lack health insurance. Eighty percent of the uninsured are in working families. Even those with health coverage are struggling to cope with soaring medical costs. Skyrocketing health care costs are making it increasingly difficult for employers, particularly small businesses, to provide health insurance to
In 1998, the states paid a little over seven dollars a day per inmate for healthcare (Kinsella, 2004). You can imagine that in the last thirteen years, this cost has continued to increase and will only get worse with the aging prison population, the occurrences of communicable disease and
This is added to costs for advanced health care. Many feel that this will increase taxes, even causing some to not work because of how much they will have to pay to social security, putting an even further gap between the working and the elderly. We are often left with the question, what about us when we become elderly? When we reach elderly age, the elderly population will almost be doubled, and the working taxpayer percentages will be lower due to infertility, who
Just four years ago, family savings and income accounted for thirty-six percent of college costs. Unfortunately, because home equity loans are harder to get, many families have to turn to education loans with higher interest rates. While median family income is markedly down, tuition and fees have spiked over the past few years. In fact, public institutions of higher learning have become twice as expensive to attend over the past decade. Meanwhile, to make matters worse, State funding is down twenty-two percent over the same time period.
Courtne Flynn ASOC 341 December 8th, 2010 Term Paper Healthcare inequality refers to the dissemblance in the access to adequate healthcare between different location, gender, race, socioeconomic and other demographic groups. The United States is facing some serious problems when it comes to the health of their people; there are about forty-seven million Americans that do not have health insurance, which can account for about 18,000 premature deaths per a given year (Robinson 2007). However, “the United States spends more on health care than any nation in the world and yet, among the thirty nations that make up the Organisation for Economic Co-Operation and Development (OECD), the United States ranks near bottom on most health indicators”
Global Issues start in America Over the course of the past four years we have seen a rise in the cost of gas, food, healthcare, and a dramatic increase in our nation’s debt. In this paper I will touch on the economic condition of this country as well as the global impacts that have brought us to the sorry state that our country is now in. First I will start off by talking about the stimulus package of 2009 that was intended to save the auto industry from going under. This stimulus package cost the American people more than $80 Billion dollars, which translates to $30,000 per automotive worker, which primarily went to the General Motors and Chrysler to float them through this dire economic time. This was intended to save both GM and Chrysler from bankruptcy which is did effectively, while also saving hundreds of thousands of jobs.
Aging populations also bring on new patterns of work and retirement. People will spend more time in retirement which will strain our existing health and pension programs. On top of it, currently 80% of older Americans are living with one chronic condition, and 50% with at least two. Among Americans, close to 95% of healthcare expenditure is for treating chronic illnesses, which answers why the cost of providing care for people of age 65 or older is three to five times more expensive than that of someone younger than
It is not alright that there are 45.7 million people without insurance, while political leaders and almost everyone is insured. According to Dr. Sara Collins, an economist, and Vice President for Affordable Health Insurance at the Commonwealth (2010), “Nearly two-thirds of the 45.7 million uninsured people under age 65 have incomes that are less than 200% of poverty, or about $44,100 per year for a family of four” (p. 3). As you can see, these are people who are working, but do not have the proper health care insurance that their family needs and should have access to. There is no doubt that the system needs to be
Dementia isn't when you can't find your car keys. We all do that. Experts say the condition is the health and social care challenge of the 21st century, because the UK's ageing population means the numbers affected are set to soar. The following facts and figures show the height of the challenge; 700,000 people have dementia in the UK 15,000 of those are under 65 The total affected is estimated to reach 1m by 2021 By 2051, it could reach 1.7m Women account for two-thirds of cases Dementia currently costs the UK over £17bn a year Dementia could cost the economy £50bn per year within 30 years The disease can affect a person anywhere from three to 20 years!! Dementia can be caused by a number of illnesses that affect the brain.
Peter Ferrara states that the “government’s own reports show that Medicare will run out of funds to pay promised benefits within the next few years”. Ferrara also says “that the current source of funding for Medicare will finance approximately one third of currently promised benefits to today’s workers”. Radical measures are definitely needed to preserve the Medicare program (Ferrara, 1997). The United States is facing a severe financial crisis because of the huge spending deficits and future spending for Medicare. The baby boom population of 79 million has started enrolling in Medicare in January 2010 and for the next 20 years an average of 10,000 citizens per day will reach the age of 65 (Smith,