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Health Care Spending Paper

Autor:   •  September 29, 2017  •  1,313 Words (6 Pages)  •  232 Views

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In the United States we have many insurance programs whether private or public to assist with medical coverage as long as the person meet the qualifications to obtain coverage. Some of the different payers that we have Medicare, Medicaid, private insurers, employers, self-insurers. Like everything in the United States we have seen a spending increase over all the carriers mention above whether government funded or private insurers have seen and increase according to the National Health expenditures Highlights Medicare has seen a rise from 20 percent to 24.2 percent. Medicaid has been a rice is presently at 21.5 percent, private insurance has been a percentage growth to 15.8 percent. With this been said there are several factors that attribute to the increase in the percentage of expenditure such as; home health, nursing care facilities, prescription drugs as well as durable medical equipment (Centers for Medicare & Medicaid Services , 2012).

In conclusion, there are many factors that will continue to affect the health expenditure of our country , and all though there are changes been develop to ensure that health care is accessible to all individuals it is important to keep in mind that changes take time to happen. Although there are projected time lines to ensure that changes take place sometimes it takes action to ensure that this changes come through. For our economy the percentage of healthcare spending in the United States will continue to be on the rise, yet it is projected to gain control within the next decade, although 10 years may sound like a long time it is just about the same amount of time that it took for us to get into this cycle that got out of control, and that most are feeling the consequences of, as we continue to reach a solution, a light at the end of the tunnel. Although there are some uncertainties about the changes to come, if this changes are not taken and approach with great care and seriousness our country may never climb out of this hole that we have set our self in , and programs such as Medicare and Medicaid will cease to exist. Although there are changes that will affect other departments to ensure control over the economy of our country, this will secure future for our upcoming generations that without this changes may not be able to experience. Although the cost is on the rise, we can see the positive in healthcare with the development of technology and finding cures to chronic diseases can be the boost of motivation need it for the public to see the good within the changes that are taking place within our economy and our overall changes taking place with the country, and embrace them as they will be the only thing that will guide us to the overall financial stability of our nation, which gives us hope of a brighter future not only for our generation but others to follow.

References

Centers for Medicare & Medicaid Services . (2012). NAtional Health Expenditures. Retrieved from CSM.Gov: http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/downloads/highlights.pdf

Edwards, C. (2014, May ). A Plan to Cut Federal Spending. Retrieved from Downsizing the Federal Goverment: http://www.downsizinggovernment.org/plan-to-cut-federal-spending#2

Mangan, D. (2014, January 6). Health Spending as share of GDP drops for the first time since 1997. Retrieved from 25CNBC: http://www.cnbc.com/id/101313516#.

Philips, M. (2014, June 25). Good news on Health-Care Spending is Making U.S. GDP Look Bad. Retrieved from Bloomberg Businessweek: http://www.businessweek.com/articles/2014-06-25/good-news-on-health-care-spending-is-making-u-dot-s-dot-gdp-look-bad

Young, J. (2013, September 18). Health Care Spending Continues to Rise Slowly Ahead of Obamacare Expansion . Retrieved from Huddington Post : http://www.huffingtonpost.com/2013/09/18/health-care-spending_n_3948568.html

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