...Healthcare Spending HCS/440 July 24th, 2014 Healthcare Spending The national healthcare spending within the United States keeps increasing annually. The overall deficit keeps increasing due to national healthcare expenditures. In 2012, the healthcare deficit was three trillion dollars. Due to services such as medical treatments and health insurance; the healthcare spending will continue to increase. National Healthcare Expenditures In the United States, the overall projections are primarily based on the National Healthcare expenditures. These projections are measured by the form of services or goods provided. Services may include physician care, hospital care, and clinical services rendered. Goods may consist of necessary prescription drugs and medical equipment. The source of funding for the services performed and the required goods may come from Medicare, Medicaid, private insurance, and out-of-pocket expenses ("National Health Expenditure Projections 2012-2022 ", 2012). Health Care Spending in the United States According to recent studies in the United States, the projected health care spending is to increase by almost six percent between by the year 2022. This is actually a percent faster than the Gross Domestic Product (GDP) expected. Researchers thought that the healthcare spending would remain around four percent since the economic recovery was very slow at the time in 2013. There would an increase in cost- sharing requirements for Medicare, Medicaid...
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...Health Care Spending Sheilah Schmidt HCS/440 July 21, 2014 Marcia Smith Health Care Spending Health care is rising rapidly. Health care spending is a serious and major issue that needs more focus and stability. In 2009, the gross domestic product (GDP) rose to 17.6% and reached $2.5 trillion. The United States spends thousands of dollars per person for health care. People treated and diagnosed for chronic conditions, and obesity rates are still at large. The current health expenditure for the United States is 15.7% in Gross Domestic Product (GDP). Hospital care, physician and clinical services are responsible for half of the national health care spending increase between 2005 and 2009 (Understanding U.S. Health Care Spending, 2011). If nobody takes action, bankruptcy may be present. Further readings will explain the level of current national health care expenditures and whether the spending is too much or not enough. Further readings will also address where the nation should add the cut; how the public’s health care needs are paid for; and the future economic needs of the health care system. Current National Health Care Expenditures In 2012, the United States spent $2.87 trillion on health care (Management, 2013, p. 1). In 2013, the United States spent $2.9 trillion on health care which is a 3.8% increase. According to Emanuel (2013), the United States spent more than the French and German economy. Health care spending is a big issue in the United States than in any...
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...Health Care Spending James Brewer HCS/440 April 11, 2011 Health Care Spending In many countries as well as the United States, health care spending is at an all-time high. Within health care, there are several factors, which have contributed over the years to increase higher cost. As spending throughout many countries is a key factor. The United States is above average, resulting in many citizens who are unable to afford the high cost of health care. Although it is difficult to determine the exact cause of why the increase of health care spending has risen, there are a few health care situations to blame. These causes could be health care prices, new and different disease patterns, and consolidation of many corporations, legal systems, new providers, advanced technology, and the aging population. Another cause of rising health care costs is cost sharing. This cause will not diminish anytime soon in the United States. Many people believe that disease management, consumer choice for health care and even evidence-based practice could help solve the problem of spending. These solutions however may not be sufficed to drive health care costs down. ...
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...Health Care Spending P1 Health Care Spending No name HCS/440 April 16, 2012 Health Care Spending P2 There are trillions of dollars spent on health care spending in the United States. This dilemma of possessing to spend trillions of dollars on health care leads to numerous problems with the government. There have been many issues that make the health care spending rise with people having no health care insurance being one. For instance, not having health care insurance leads to people going to the Emergency rooms for minor illnesses. The Emergency rooms does not require payment at the time of the visit that leads to many non-payments for the hospital. This issue has been a problem for many years and will continue to be a problem. Maybe one day the government will decide to address this and other problems and make changes accordingly. The problem that will discuss...
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...Health Care Spending HCS 440 Health Care Spending Health care spending in the United States is a key contributor to the country's economy. The health care industry provides employment as well as providing services that bring healthier lifestyles, better productivity, and a longer life. Health care also brings the development of new drugs and new medical technology that also helps keep the economy employed. However, although the health care and health care spending does tend to help the economy slightly it is beginning to hinder our economy. "In all industrialized countries, with the exception of the United States, health care affordability is ensured through universal insurance based or tax- finances systems" (Squires, 2012, p. 1). Even though the United States spends more in health care than other countries it does not mean the United States has better quality of care than the other countries. Health care spending is depleting this country and the quality of care is not improving. The United States needs to change the way it spends money on health care before it is too late. Current National Health Care Expenditures In 1980 the health care expenditure was at $256 billion, in 2010 the expenditure went up more than 10 times to $2.6 trillion. The spending, however, has slowed in the last few years. The health care expenditure was growing rapidly from the late 1900s to the early 2000s but has slowed slightly. However, it is still expected that the health care...
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...Health Care Spending Does one know about health care spending and heath care expenditure in the United States? Health Care spending in the United States comes from several sources such as physician service, patient treatment, prescription drug treatment, administration cost, Medicare, Medicaid and hospital spending, These sources are just a very few of the sources of spending on healthcare in the United States. On March 23, 2010 President Obama passed the healthcare reform bill to help citizens with receiving affordable healthcare. Even though health care spending has improved over the years, health care is something that everyone needs and there is a possibility that this could change over the years to come. According to Santiago (2009), the goal of healthcare reform is to make healthcare more accessible and available to American citizens. Currently, the national health care expenditures are at a struggle but yet continue to grow. According to Foreman (2011) National health expenditures reached $2.1 trillion in 2006, after further revisions and a 6.7% increase from the previous year. This translated into $7,026 per person and 16% of the Gross Domestic Product (GDP) (Foreman, 2011). These expenditures include but are not limited to those sources such as physician service, patient treatment, prescription drug treatment, administration cost, Medicare, Medicaid and hospital spending. The Obama Reform is a reform that has been transmitted to make healthcare available...
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...Health Care Spending University of Phoenix One of the major issues in health care has become heath care spending. For those who pay insurance, notice that their insurance premiums have gone up. The reason for that being is to help prepare for future expenses down the road. Since the health care has reformed, more people that are low to middle income have qualified for Medicaid in which others are taxed to help fund. This has caused the spending to increase for the United States. According to National Health Expenditures of 2013, “health care spending increased 3.6 percent to reach $2.9 trillion”. The spending that comes from the different health care facilities are all factored in the overall spending. Hospitals, Dentist, Home Health Care¸ Nursing Homes and even prescription medication are factors, the price of prescription medication is costly. Some people that take specialty medication and the others use name brand medication that cost more than the generic brand. These certain medications drive the expenses up and the spending deficit continually rises. Considering that Medicare and Medicaid will continue to grow as the old become older and the middle class become low and the low become lower. The reason I say this is because eventually more nursing homes will be needed and the need for home health care will be increased. The cost of medication, hospital stays and even going to the dentist for a teeth cleaning will even cost more. The cost of private insurance will...
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...Health Care Spending January 21, 2015 University of Phoenix HCS 440 Marcia Smith Health Care Spending The health care issues within the United States continues to get worse. The amount of spending is rising to an all-time high and with the new health care laws in place the situation is getting worse. With the current state of the economy and the new health care rules and regulations a patient’s ability to cover the costs of living and health care is a battle. Unneeded budget spending is the tops reason for the high costs associated with health care. Medicare and Medicaid are the two most overly expended health care programs within the United States. If these programs and budgets are not controlled and corrected, there will be no coverage availability for the younger aging generations. How can this conflict be change for future needs and what is the government doing about this? Current Expenditures The United States measure the amount of spending on a yearly basis to track and control costs associated with needs, each year these estimates are changed to reflect the needs of the measures. In the 1960s the NHEA began to measure the annual U.S. expenditures for health care which includes; goods and services, public health activities, government administration, the net cost of health insurance, and investment related to health care. In 2013 the annual health care expenditures reached $2.9 trillion dollars or an estimated $9,255 per person. ("Cms.gov", 2014). According...
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...U.S. Military Spending and its impact on the Economy’s GDP Matthew Magana Abstract This paper examines whether increases in military spending have a positive or negative impact on the U.S. Gross Domestic Product (GDP). The paper focuses on the three North American economies: Canada, Mexico and the United States as models to develop a case. It will also illustrate the utilization of multiple economic tools to produce variable outcomes to analyze the full spectrum of economics. It will also discuss the multiple statistical models such as Granger causality and Vector autoregression and the asymmetric results produced. Increased U.S. Military Spending and its impact on the Economy Given the long-accepted, theoretical direct relationship between investment and economic growth, if defense spending has a negative impact on investment, then it would seem reasonable that defense spending would have an adverse impact on economic growth. This was exactly the findings of two studies published in the seventies, zymanski (1973) and Lee (1973). Some studies attribute the negative effect of defense spending on economic growth to reduced investment. Another study argues that defense spending restricts export growth and economic growth because military expenditures compete for the same resources used in the production of exports. Which may also be a understood trade off for military spending vs. export and economic growth. However, other studies were unable to find any stable...
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...Health Care Spending Marsha Whiteside October 1, 2012 HCS/440 Caryn Callahan Health Care spending is on the rise and is going to continue to rise year after year. The United States spends more on health care than any other country and with the loss of many jobs and low income families the spending is going to continue to rise. The United States spends nearly $2 trillion annually and spends two-and-half times more than the Organization for Economic Cooperation and Development (OECD) average (Johnson, 2012). There are many factors that contribute to the health care spending which include: technology, prescription drugs, rise of chronic diseases, and administrative cost. Not all people are in agreement with the health care spending in the United States and feel if there was some changes made, the spending would be lower and the United States could focus on other issues. The level of current nation health care expenditures is on the rise and is causing hardship on families as well as businesses. The United States spent seventeen percent of its gross domestic product (GDP) on health care which is higher than any other nation (Johnson, 2012). Fifty one percent of the health care expenditures in 2010 were made up of hospital care and physician/clinical services. The other forty nine percent includes: home health care, other professional services, nursing home care, Rx drugs, government administration, net cost of health insurance, investment, and other health and personal...
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...Health Care spending is on a raised emotional and physical. Health care spending is concerning the United States economy is healthcare system. The majority countries the healthcare system in the United States is not public, meaning that the state does not provide free or despicable healthcare services. However other countries Canada and Great Britain, for example, the government funds healthcare providers through taxes. The United States being a profoundly capitalistic country for another route and passed the burden of healthcare spending on private consumers as well as other institutions such as employers, insurers, etc. Everything would have been fine unless statistics showed dramatic increases in healthcare spending over the years. American healthcare system is the most expensive one in the world; in 2004 America spent about 16% of nation’s Gross Domestic Product on healthcare services, which is approximately $1.9 trillion (Economist, 2006). Furthermore, annual spending continues to grow 10 to 15 percent every year (Davis et al., 2003), which is faster than the national inflation growth rate. However, healthcare spending in the United States requires abrupt analysis and new policy solutions; or else it would become an uncontrollable fund-consuming machine. American economists are now trying to understand the nature of the growing healthcare costs, and to analyze its impact on the overall nation’s economy. Health and Human Services Department identified the major trends...
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...When describing the current economic state of the United States there are several factors that must be included. These factors will affect the aggregated demand and supply of the United States economy. Such factors consist of unemployment, expectations, consumer income, and interest rates. All these economic factors will help us evaluate and establish important stimulates that will resuscitate the United States economy. There have been many obstacles for the United States as the economic crisis has continued to ripple across the financial landscape. The Bureau of Labor Statistics shows that the U.S. is slowly climbing back from a staggering 10 percent unemployment rate in 2009 and 2010. There are many questions surrounding unemployment whether their improvement will be short lived, or if they can find a way to push themselves back into the spotlight of the competitive global market. Perhaps there was a lack of structural adjustment as the technology markets began connecting countries that previously had no way into the global market played a large part of the problem. The United States once lead the way in exported goods because of the sheer size and force of their economy. Globalization of the market coupled with the decrease in the USD value has caused companies to collapse under financial pressure. The United States has been beaten out by other countries competitive manufacturing models. The problem might not be that the United States unemployment is too low, even with...
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...Care Spending in the United States Lisa Patti HCS/440 April 23, 2012 Caryn Callahan Introduction Heath care in the United States is costly and confusing. Many do not follow the facts, policies or cost the government has controlled in health care. This leads to obtaining the incorrect insurance that causes high out of pocket expenses to choosing no health insurance at all. In today’s society many cannot afford health insurance, in 2010 49.9 million people in the United States were without health insurance (Overview of the Uninsured in the United States: A Summary of the 2011 Current Population Survey, 2011). The issues that will be discussed are the level of current nation health care expenditures, whether spending is too much or not enough, where the nation should add or not, and why, and how the public’s health care needs are paid for and financed by various payers. The current level of national healthcare expenditures U.S. health care costs have risen rapidly in the past few years, imposing increased stress on families, businesses, and public budgets. Health spending is increasing more rapidly than the economy and workers' earnings. In recent years, insurance administrative overhead has been rising faster than other components of health spending, while pharmaceutical spending has increased more rapidly than spending on other health care services (The Common Wealth Fund, 2007). The national health care expenditure is a total amount spent in the United States to purchase...
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...The information within the paper will discuss and analyze the collapsing foundation of the economic structure in the United States. The widespread knowledge of economical stresses has become more apparent in recent years. These stresses include many different aspects such as; unemployment rates, expectations, consumer income, and interest rates which have been severely weakened in the United States` once prosperous economy. The issues can no longer be ignored nor overlooked as it is imperative that the nation acts accordingly, in order to preserve what is left our nation’s financial strength. A substantial part of these struggles are a result of an abnormal amount of government spending by the officials appointed in charge of the nation’s spending habits. A reorganization of government spending is essential for the strengthening of the economy. For example, the National Conference of State Legislators stated “Top state fiscal issues generally fall into two categories: the must-address issues and the ones lawmakers (including governors) would like to address. Must-address issues such as Medicaid and education arise every year because they account for $1 out of every $2 of general fund spending.” Naturally, it is extremely important to address educational and medical needs that should be met by residents of towns and citizens of this United States. Unfortunately, it has become apparent that some of the most economically important occupations are receiving pay cuts, layoffs, and...
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...According to the latest GDP report release by the United States Census Bureau it indicates that the United States has the highest percentile of total spending on healthcare issues than compared to the rest of the world. As a result for working people struggling just to get by the deeping economic crises means getting push even closer to the financial brake facing growing ascended stress on how they will manage if someone in the family needs to see a doctor and staring to just afford the cost of every day life. Having to choose between doctor visits or putting food on the table. The purpose of this paper is to provide the current level of national health care expenditures, explain whether or not the spending is too much or not enough, and explain where the nation should add or cut and why and how the public’s health care needs are paid for in the future. Whether or not the spending is too much or not enough The United States is currently undergoing major and tragic budget cuts due to the nation’s troubling deficits. Our economy’s woes have been a long time coming but were always placed in the back burner until eventually has placed a huge hole too big to continue to “bandage”. With it being said that the United State’s GDP is represented as the highest in healthcare spending; one would imagine the American people are the healthiest. This is not the case. Studies indicate the nation is troubled by the highest rates in issues that were affected by the choices of our...
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