Lastly, the amount of personal bankruptcies will be reduced. Many Americans file for bankruptcy because of their medical bills, if the rates go down and more people can afford coverage then it would make sense that the amount of bankruptcies would also go down. Even though the pros all help and seem great the cons to this policy also holds valid points. First, “18 million of the uninsured will be forced to go under Medicaid, while the rest will have to accept another government program. Even so, millions will remain uninsured,” (Pros and cons of Obama care June 29, 2012).
But I also know that nearly a century after Teddy Roosevelt first called for reform, the cost of our health care has weighed down our economy and the conscience of our nation long enough. So let there be no doubt: health care reform cannot wait, it must not wait, and it will not wait another year.” President Barack Obama, February 24,
Universal healthcare is a system that extends health care coverage to all citizens. Anyone seriously proposing major reforms to move this country toward universal health coverage has to confront with the intractable problem of the skyhigh health care cost, whose growing trend surpasses every other item within the federal budget. In 2005, the United States spent $1.987 trillion, or 16 percent of the GDP on medical care, and it confronts an approximate 8 percent of rising rate on these expenditures every year (Feldstein
Bonus payments will be given to those doctors and hospitals that provide good quality care. | CON: With an increased population of individuals receiving healthcare from the government, there will be longer wait times, and potential decline in the quality of care given by doctors. | PRO: The PPACA tax promotes the general welfare because it makes health care more widely available and affordable. | CON: Congress is requiring that every person purchase health insurance or face penalties. | PRO: The health reform includes the largest health care tax cut in history for middle class families, helping to make insurance much more affordable for millions of families.
The importance bestowed on Medicare cannot be overlooked at the expense of any other crisis the United States could be facing. Worthy to note is that Medicare started experiencing circumstantial crises in the year 2007 on the verge of global financial crisis. Being among the influential sectors of the economy, United States Government increased its budget margins extended to the health care and Medicare in particular. However, the problems and crises facing Medicare are persistent and unresponsive to the government’s huge budget allocation to support the program and improve general quality of health care in the United States. Currently the government has assembled a Congress panel to analyze the contemporary crisis and make viable
Physician Shortage: Economic Concept of demand and demand shifts Roberta Mimms University of Phoenix Health Care Economics HCS 552 Amy Shoales April 23, 2012 Physician Shortage: Economic Concept of demand and demand shifts Many of us have the thought that the idea of being a physician, doing good for another individual, has such an appeal that medical schools should have a waiting list several years long. But that is not so. The world is suffering from a shortage of physicians. The Society of Critical Care Medicine, as cited by Gorman (2011), reports that the “shortage of full-time physicians will approach nearly 125,000 by 2025. It is estimated that we will need 1.7 new physicians to replace each one of our retiring physicians
One of the most well known ways that the government has gotten us into this shape would be how they take away Medicare and Medicaid from the older generations to increasing the cost to go to college for the younger generation ( Jonus, 2012). The prices of gas and groceries have been on an up rise for years now and are steadily going up. This puts so much stress on the common day American that their trust in the government has diminished. When you turn on the T.V and see these politicians going on big vacations and riding around in nice fancy vehicles you start to wonder to where your hard earned money goes. It is really hard to fully grasp the idea that our government is doing the best for us and to stay calm while our country falters at the seams day by day.
Our government controls the National Debt so that means they regulate and run every bit of money our Nation spends on whatever. The spending has gone out of control in the last 13 years, and most people think it is the presidents’ faults but they just simply agree with the deal that the rest of the government comes up with. When that happens, the already high debt number just jumps out of the roof and goes up even more. When Obama passed the new health care bill that added five trillion more dollars to the debt. Our own people in our country are contributing to the National Debt.
Many Americans found themselves very uphappy with the recent tax increases in 2013. They received their first check only to find it slightly lower then checks from the year before. There was a large outcry from the working class across America admonishing the current administration for further taxing the working middle class American public. The current administration estimates that universal healthcare will cost the United States over a trillion dollars over the next ten years. Many have safely assumed that this number could double, increasing a deficit on an already financially unstable government.
The significant difference between the rates of health insurance cost increases and wage and inflation increases creates a problem in itself. Not only are there millions of people without health insurance, it is becoming more likely that they will not be able to afford to hold insurance policy. However, in a 2002 study it was found that only 30% of the uninsured were below federal poverty levels (Overview of the U.S. Health Care System). This means that despite the unsettling amounts of people in poverty without health insurance, there is also the issue of those who have the means to provide themselves and their families with health insurance and choose not to, only to be faced with crippling health bills should anything go wrong. Navigating and deciphering the complicated health insurance industry is too daunting and expensive a task to leave up to individuals, which is why in many cases, the United States government and private organizations have stepped in.