(A3) While I’m sure each system has its pros and cons, there is no denying that when it comes to healthcare there will be financial implications. The first one, for Great Britain, is the increase in taxes. Due to the fact that the government owns the hospitals and it controls the way the healthcare system is paid for, and they do this by tax revenue, it only makes sense that the taxes that the citizens are paying are greater than in the US. This could pose a serious financial burden for someone that is working for low wages or from commission. The second implication is if a patient decides on elective surgery, sometimes the wait can be long, which could cost them more time away from work if they have more doctor visits to make in between the initial visit and procedure. In the US the main financial implication is the out of pocket cost for anything that insurance doesn’t cover. This could be anything from co-pays to high deductible costs. The second would be the cost of prescriptions. Even with a discount plan, due to the high costs of many prescriptions, some families struggle paying for their medications each month. That is a tough decision to make whether to feed and clothe your family or buy your medications that could be the difference between life or death for some people. It seems like there should be a better way for these people to be able to afford both.
HEALTHCARE FINANCING 6 References Cherry, B., & Jacob, S. (2014). Contemporary nursing: Issues, trends, and management (4th ed.) St. Louis: Mosby Elsevier. ISBN: 978-0-323-05217-7. Dorning, J. (Ed.). (2016, August). The U.S. Health Care System: An International Perspective. Retrieved from - health-care-system-an-international-perspective/. Frayer, L. (2018, March 7). U.K. Hospitals Are Overburdened, But The British Love Their Universal Health Care. Retrieved from - overburdened-but-the-british-love-their-universal-health-care. International Health Care System Profiles. (n.d.). Retrieved from .
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