HEALTH CARE SPENDING Essay

Submitted By gizmo1984
Words: 799
Pages: 4
Open Document
HEALTH CARE SPENDING
By
Pamela Lockett
HCS/440
Jonathan Foskett-Instructor

Health care cost in America is currently the highest in the nation and rising quickly. The reason for the high cost in health care will be blamed on hospitals over charging to the Affordable Care Act to anything individuals can use to blame. Regardless of the reason health care continues to be a very lucrative business bringing in trillions of dollars yearly. The national health care expenditure has been estimated to be over three trillion dollars this year (2014) alone and it continues to rise. The federal government has estimated that they will spend about 3.7 trillion dollars for health care and of that amount 0.6 trillion will go towards various state and local government agencies (U.S. Government Spending.com). By the year twenty -twenty -one it is estimated that health care spending will make up almost twenty percent of the gross domestic product(GDP) or one fifth of the United States economy (Health Care Economics,T.Getzen, 2007).
It is said that Americans spend too much money on health care as a nation. More than one-sixth of the United States economy is devoted to health care which rises each year. Reasons for an increase spending with Americans can be contributed to Americans making more money, technical devices have made modern medicine more desirable such as microscopic surgery which requires a smaller incision and quicker recovery time, the fact that insurance companies cover the majority of the cost and the older American would rather have health care instead of food.
This is a outline of some of the ways there is unnecessary spending in health care,

A way to help repair the issue of unnecessary spending is to cut back the lengths of hospital stays which contributes in over 200 billion in revenue, unnecessary treatments and the high cost of prescription drugs. Also we can contribute one hundred ninety billion in administrative cost, seventy five billion in fraud. The United States cannot cut programs but they can examine all claims more clearly. Health care of the public is paid in many ways such as public and private health insurance which is in the area of two point six trillion dollars. Health care needs are paid for through private insurance, government funded programs and self-payers. With private insurance that is normally through the company one works for but individuals cannot afford because of a high deductible. There are also Government funded programs such as Medicaid which is responsible for the federal government's largest amount of money which is done through grants to different states. In 2012, the federal spending for Medicaid totaled about two hundred and sixty five billion dollars or forty five percent of all federal money given to states which covers children and some adults that are disabled, Medicare which was put in place for the elderly will spend about three hundred ninety billion dollars a year. Health care is a important service especially for children and the elderly. Health care is also important for those who work but cannot
Show More

Related Documents: HEALTH CARE SPENDING Essay

Health Care Spending Essay

Health Care Spending HCS-440 Health Care Spending Health Care spending in our United States has been growing at an astounding rate. This is growing faster than our national economy for many years yet we see many individuals without sufficient health care coverage. We see a challenge for our personal insurance companies and the insurances from the government, Medicare and Medicaid. In this report we will review some of these issues and see if we can do to revise them. For many citizens this…

Words 996 - Pages 4

Health Care Spending Essay

Health Care Spending Lamitris Sarter HCS 440 June 10, 2013 Khaki Weber Health Care Spending The cost of health care in the United States has become increasingly expensive. Because of changes in the economy and circumstances there are many Americans that are out of work, facing increased costs of health care coverage, or began a new job but have to wait for coverage during their probationary period. Until the Affordable Care Act took in effect, the United States was one of the nations that…

Words 919 - Pages 4

Health Care Spending Essay

Health Care Spending Paper HCS/440 M. Willis May 31, 2013 Health care spending has been a debatable topic for decades, spurring a number of opinionated discussions amongst the public and the government. Over the years, a number of changes and revisions have been presented to improve the quality of care at an affordable rate in an effort to maintain a reasonable budget, but none have made enough of an impact to reduce spending. My position on the matter of…

Words 1088 - Pages 5

Health Care Spending Essays

Health Care Spending Lateisha Bellmon HCS/440 May 6, 2013 Walter Mateja Health Care Spending The issue of healthcare in the United States can be a belligerent lone, and it is furthermore a zone where peoples' opinions don't constantly support with the proofs assumed by representatives. What makes healthcare spending so outrageous is the sum of cash the United States dispenses into healthcare every year. Over $8,000 per-patient per-year…

Words 1184 - Pages 5

Health Care Spending In The United States

Health care spending in the United States is a major problem today and continues to grow at an incredible rate, healthcare facilities and policy makers are continuously looking for ways to slow or reduce spending overall. Policy makers are attempting to eliminate waste spending, without harming consumers or reducing the quality of care that is received by patients. The estimated amount of funds wasted amount to one-third upwards to one-half of all US health spending. Included in the funds wasted…

Words 928 - Pages 4

The Effects Of Spending On Mental Health Care

The spending on mental health have caught the attention of both payers and policymakers. The public sector paid directly for some proportion of their care, provide and delivery services to institutions and rules governed budget. “During 1971-2002,” the spending rates for mental health care was much lower than other health care. “In recent years,” the delivery and financing of mental health care are similar to that of general health care (Frank, 2009). Despite this convergence, the patterns…

Words 151 - Pages 1

Health Care Spending And Use Of Information Technology In Oecd Countries

& Reinhardt, U. (2013). Health care spending and use of information technology in oecd countries. Health Affairs, 1-14. Retrieved from www.lib.odu.edu BlueMenthal, D. (2009). Stimulating the adoption of health information technology. The New England Journal of Medicine, 1477-1479. Retrieved from www.lib.odu.edu Cairman, N., Hauser, D., Lurio, J., Wu, W., & Pichardo, M. (2012). Strengthening public health and primary care: Collaboration through electronic health records. American Journal…

Words 309 - Pages 2

Health Care Expenditure Essay

Health Care Spending in the United States Josephine Nelson University of Phoenix HCS 440 Instructor: Dr. Vernita Davis The United States spends more on health care per person than any other country in the world (Allen, 2014). Also, the United States spends more of its Gross Domestic Product (GDP) on health care than other countries (Allen, 2014). Advancing technology, the state of the US economy, and the goal of providing quality health care are the major factors that contribute to…

Words 1248 - Pages 5

Essay on Articles in Healthcare Budget

Prevention Over the years, the budget has been reducing for health care administration. There is more attention in the healthcare field as the budget gets smaller. Issues arise in the public that deals with the relationship between the state and community's health. In the United States, there had been many problems over the years that arise from the spending. The current state the nation is has a very expensive cost where the cost of medical care and healthcare rises every year. It affects many citizens…

Words 1016 - Pages 5

Alyssa Aguirre Essay

Government Says Health Spending to Jump Next Year By ANDREW MIGA Associated Press WASHINGTON — The nation's health care spending will jump by 6.1 percent next year as the big coverage expansion in President Barack Obama's overhaul kicks in, government experts predicted Wednesday. That's more than 2 percentage points higher than the growth rate forecast for this year, and compares with a growth rate that has hovered under 4 percent, historically low, for the past four years. Much of the increase…

Words 455 - Pages 2