In the U.S, healthcare tends to be extremely expensive with cost close to $7,500 per person in healthcare spending per year. The high cost of healthcare spending cause a lot of financial burden and some people chose to not get health insurance resulting in the increased number of uninsured in the U.S which was rated at 27.3 million in 2016 (Health Care in the U.S. (n.d.)). Most uninsured in the U.S. rely on emergency medical services as their primary care sites, and those contribute to a lot of loss for the government. Most people are insured through employment in the U.S. and sometimes have to wait 30 to 60 days after starting employment to be able to use their health insurance, which will impact their health and their finances as well. Insurance companies in the U.S. do not have set fees for service, therefore each insurance company has a choice on how much they are willing to cove. Populations are therefore facing financial burden because healthcare costs keep rising in the profit of companies. We are continuing to see more and medical bankruptcy cases and those impact healthcare facilities and the government a lot. 6
Task 3: Healthcare Financing On a universal stand point, the rising cost of healthcare in the U.S. has impacted its reputation and ranked it in the 38 th place on the life expectancy scale (Bachmann, 2012). 7
Task 3: Healthcare Financing Reference 10 facts about Medicare. (n.d.) Retrieved from Assistant Secreatry for Public Affairs. 2017. Pre- Existing Conditions. Retrieved from Bachmann, H. (2012). Switzerland Has Its Own Kind of Obamacare- and Loves It . Retrieved from - obamacare-and-loves-it/ Healthcare in Switzerland, 2017. Retrieved from - Switzerland_103130.html Health coverage options if you’re unemployed. (n.d.). Retrieved from Switzerland – Social Security and Welfare. (n.d.). Retrieved from The Swiss Health Care System. (n.d.) Retrieved from The U.S. Health Care System. (n.d.). Retrieved from What is the difference between the US healthcare system and Switzerland’s? (n.d.). Retrived from 8
Task 3: Healthcare Financing - and-Switzerlands 9
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- Fall '17
- Healthcare Financing