How Can We Improve Overpriced Healthcare?
Healthcare costs have been on the rise for decades and have become unaffordable for many in today’s economy. There have been many suggestions that the best solution would be to provide a better way to pay these costs such as single payer health care, which is government provided, or to fix our current method involving private insurance and responsible for tens of thousands of jobs. This has become an extremely hot topic over the past eight years. As costs rise the cost to the government increases as often those who require lifesaving care are unable to repay the cost and it is left on the hospitals or the government to pick up the costs. If we continue with our current system it will raise the
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Over the next decade, the United States is expected to face a shortage of physicians between 61,000 and 95,000 professionals (AAMC, 2016). To counter this we must come up with a new system for allowing those interested in the medical profession to learn, advance, and take up the roles. Under the current system, a licensed doctor would be expected to spend nearly seven years of schooling before being allowed to practice medicine. With the current education costs and requirements, the costs of schooling alone turn away many individuals interested in this profession. This cost in 2013 had graduates on average $250,000 in debt and has only increased (Lam, 2014). We must change the way we find and train our doctors. We do however have a large number of highly experienced nurses, EMTs, paramedics and lower level medical professionals with a basic knowledge of medical skills. Over the years those skills rise with experience which could be honed, measured, and promoted within the medical field. My recommendation would be at any government funded clinic allow anyone capable of passing a general knowledge test to gain an entry level position in the medical field as an intern to a certified nurse’s aide, emergency medical technician. As their experience grows allow them to take practical exams, instead of written, applying their experience to promote within the field from and intern into the position they are training. With each step require an entrance exam,
For the last five years of my life I have worked in the healthcare industry. One of the biggest issues plaguing our nation today has been the ever rising cost of health care. If we don't get costs under control, we risk losing the entire system, as well as potentially crippling our economy. For the sake of our future, we must find a way to lower the cost of health care in this nation.
With rising healthcare costs being distributed predominantly on workers or their companies, the economic responsibility is placed on the very people who need it the least: the job creators. If the economic responsibility of healthcare costs was shifted to the government, the private sector job creators could have more revenue to stimulate the economy with additional jobs, better wages, and improved worker benefits. The best way to shift this cost obligation is via a single-payer healthcare system. A single-payer would make sure all citizens would be covered for all medical services, including doctor, hospital, preventive, long-term care, mental health, reproductive health care, dental, vision, prescription drug, and medical supply costs.
There are many problems with healthcare in America today. One of them including the astronomical cost. According to CDC.ORG in 2007 the average person spends seven thousand four hundred dollars per year on health care alone. This rise in healthcare is extremely detrimental for families, seniors, and people of all ages. With such a high cost of insurance people are forced to make hard choices in
In recent years, health care has been a huge topic in public debates, legislations, and even in deciding who will become the next president. There have been many acts, legislations, and debates on what the country has to do in regards to health care. According to University of Phoenix Read Me First HCS/235 (n.d.), “How health care is financed influences access to health care, how health care is delivered, the quality of health care provided, and its cost”.
Better forecasting and use the individual properties to customize the prevention and treatment of disease, personal healthcare is a potential solution to our current health crisis. Improving the quality of personal care and treatment is to reduce the overall cost of health care. Despite its potential, the introduction of personalized healthcare is one of the relevant financial incentives towards a change has been slow for various reasons. Our aim perspective piece to improve a person's health is what they need to start to align the right incentives Affordable Care Act (ACA), through support for comparative effectiveness research and preventive care, towards risk prediction custom innovation around Description for community innovation (Teng,
What was once considered a luxury, healthcare is becoming more and more of an expense as the years have gone on. It is no secret that the cost of healthcare is spiraling out of control. According to the Centers for Medicare and Medicaid, “Total health care spending in the United States is expected to reach $4.8 trillion in 2021, up from $2.6 trillion in 2010 and $75 billion in 1970. To put it in context, this means that health care spending will account for nearly 20 percent of gross domestic product (GDP), or one-fifth of the U.S. economy, by 2021.” Insurance premiums are multiplying faster than the rate of inflation. This could lead to a decline in economic growth and leave businesses with less money to hire new employees, increase wages, and expand their companies. While the quality, and availability, of medical care in the United States remains among the best in the world, many wonder whether we would be better off adopting a universal government-controlled health care system like the one used in Canada. With the cost of healthcare more than the average cost of food and housing, it’s time to make a change (Claus, 2011). I believe that access to healthcare is limited because of lack of hospitals and treatment centers in the community, economical and social economic status, and financial responsibility.
Healthcare costs in the United States are on a continual rise with no relief on the horizon. As the population ages and lifestyles differ from one individual to the next, healthcare third party payers such as commercial insurance plans, employee health benefit plans, the Medicare program and state Medicaid programs are searching for strategies to lower the costs associated with providing healthcare benefits to their beneficiaries. Disease management programs are emerging as a way to help decrease the high cost of health care typically associated with chronic illness by coordinating care between the patient and their
The United States has faced and adressed many issues ranging from war to economics as its grown into adulthood. An important issue that remains and must be adressed imeddiately pertains to the physical health and well-being of all our inhabitants. This issue is health care and the well known fact that our current method of paying the costs of healthcare is so faulty that Americans continue to receive inferior healthcare at a very expensive price. Americans, in my opinion, have come to accept hundreds of thousands of deaths each year as a minor inconvenience due to what they consider as “inevitable medical mistakes”. This should and cannot continue. So instead of looking for someone to blame like the physisicans or insurance companies the government must adress the fundamental casuses of our nation’s health-care crisis. Before throwing more and more money into the trash while trying to reform the current crisis we need to clearly figure out the problems in order to fix them.
The continuous rise of health care costs has meant many companies turning toward health and wellness as a potential solution to save money: ‘research is showing that it’s more cost-effective to invest in preventive health practices, such as screenings, immunizations, health risk appraisals, behavioral coaching, and health awareness/education [and] best-practice research is demonstrating the total value of an integrated, population-based strategy that addresses the health needs of all employees, dependents, and retirees across the health care continuum’ (U.S. Chamber of Commerce, 2009). Employers should balance providing wellness initiatives that address both lifestyle risk factors (such as physical activity, nutrition and stress) and clinical risk factors (such as obesity, blood pressure, and cholesterol levels). Both of these types of risk factors can be tied to the workplace environment, and both types of risk factors can be positively impacted with an environment that supports health and wellness. Top risk factors like physical activity and nutrition can be greatly supported by improving workplace environments to supplement the programming tied to these initiatives.
Balancing the budget in government, while attempting to keep costs down by way of the healthcare delivery system makes for shrewd business practices. I will also examine the burden of health care costs on the government and businesses, also at what extent will Americans be able to afford needed care. Today, we are consistently bombarded with the angst to repeal and replace Obamacare the cost for certain diseases still rank high due to the therapeutic dosage of medication that helps to maintain life. Being efficient in the delivery of health care can wound up being costly if people with pre-existing conditions will not be entitled to health insurance without paying too much money. This project will describe trends in the
One of our biggest problems with our healthcare system is cost, it’s way too expensive. For a family in the United States, the average cost of a premium is almost fourteen thousand dollars a year. The premiums have also doubled over the past nine years. Our population is also aging and living much longer, this means more people have health problems which raises healthcare prices even more.
The cost of medical care is on the rise, and the excessive nation spending on the healthcare reaches its record high. The high cost of medical services, drug prices, insurance cost, are contributing factors that leads to the shocking $2.6 trillion spent by the United States on the healthcare. The many factors that contribute to the high healthcare cost affect the employee practices on healthcare today. Research shows that less than 50 percent of companies offer health insurance to their employees, employers had however adopted the practice of forcing employees to pay a significant percentage of their healthcare premium which was not the practice in the past years when the cost of healthcare was not that expensive. Nevertheless, the method
Awareness of health has increasing from time to time. And obviously, it leds to the increasing costs of health service, which caused by inflation, product demand, development in science and technology, changes in disease patterns and enterprise development. Furthermore, there are several alternatives to control the increasing costs in health service like the design of products offered.
The cost of healthcare is an unsettling factor for much of the world. The United States is known to have one of the most expensive healthcare systems in the world. Many people assume that the high cost of healthcare relates to the quality of care that we receive for the care. The Have a Heart video about bringing affordable healthcare to areas in dire need of experienced doctors and lifesaving treatments to an underserved population was pretty eye opening. I found it very interesting to view; how a drive to create a sustainable system with one goal of saving human lives at the lowest cost possible has been able to thrive in India and now the Cayman Islands.
The topic of most concern in our populace’s future is undoubtedly the right to health care. Healthcare in the United States has been a political issue for many years, focusing upon funding, government involvement, decreasing costs, and increasing coverage. In 2013 there were around 44 million Americans who went without health insurance, which is about 16% of the population (Obamacare). Although Obamacare was signed into law in 2010, the United States’s healthcare is still inadequate when compared to other countries. Medicine has become a field of very strict regulations, it does not pay well for doctors, and is a source of absolute hatred for patients. Our current healthcare program is in need of reform, but