Health Care Spending Paper.docx

Health Care Spending Paper.docx - Health Care Spending 1...

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Health Care Spending 1 Health Care Spending Paper Micheala Myers-Gilbert, Jasmine Fuentes, Jennifer Benefield, Jabetha Greer, Gladys Cabrera- Cruz, Danielle Davis-Murry HCS/440 October 10, 2016 Jonathan Foskett
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Health Care Spending 2 Health Care Spending Paper Promptly increasing health care costs is reflected to minor the rate of growth in GDP and as a whole services, meanwhile increasing price to rises. However, some economists point of view thinks that the rises in our healthcare spending is an impartial, and encouraging, influence to the economy. Inflamed healthcare expenses, as per to the economist believes, is been expected as a fruitful entrance to our future innovate healthcare treatments, medications, care and technological advances. Current Healthcare Expenses Health care spending is the main objective of the economy; it provides employment, development of drugs and technology. The level of health care spending in the U.S. is higher than any other industrialized country. The future economic needs are what needs should be financed are of most importance and can help with the change in the spending of health care. Health care is expensive and as the years go on it can become more expensive. Today, many Americans are uninsured and/or underinsured because of how expensive healthcare is. The changing of demographics in the US has an influence on the health care industry and that goes hand and hand with globalization. The dramatic changes within the economy present the changes, challenges in health care and health care quality. There must be an effort to improve the efficiency of the health care industry by reducing cost for not only the patients/consumer but the providers as well. Spending Enough or Not on Healthcare When it comes to the National Health Care Spending Limit there is too much money being spent on healthcare. Studies shows that the U.S spends more on healthcare than any other high- income nation. The big question is whether or not all this money that’s being spent really worth it. According to the Common Wealth Fund the U.S spent over 9,000 dollars per person
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Health Care Spending 3 annually for health care and the life expectancy was 78.8 years. Where you have other countries such as Switzerland who only spent over 6,000 dollars per person annually and the life expectancy was 82.9 years. The money that is being spent on health care isn’t directly used for health care visits or being seen by a provider. You have to look at other factors such as all the technology that’s being used. This isn’t to include money for medications and money for research on all these new diseases and illnesses. The issue at hand is that there need to be a plan in effect to cut back on so much spending. The money that’s being used on technology and equipment can be used strictly on health care visits.
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