U.S. Health Care

Paper Summary:

This paper argues that the only stakeholders profiting from the current arrangement of the U.S. health care system are the insurance companies. For example, the paper points out that Americans spends almost two and a half times the industrialized world's median and yet American life expectancy is lower than the Western average. The paper evaluates the health care position of 2007 presidential contenders Clinton, Obama and McCain and concludes that the economics of the U.S. health care system does not function as supply and demand because the consumers have little control over their demand.

From the Paper:

"Unsurprisingly, given the sorry state of health care, which costs most Americans more for less coverage than anywhere else in the world, reforming the system has been a topic of intense debate amongst the current presidential contenders. Hillary Clinton proposes that every American should be required have coverage, as most health care analysts agree that mandated coverage is necessary, so that the care and contribution of the healthy can effectively balance out the care of the sick."

Sample of Sources Used:

• "2008 Candidates Health Care Proposals: A side-by-side summary." Health08.org. 6 Mar 2008. 22 Apr 2008. http://www.health08.org/sidebyside_results.cfm?c=5&c=11&c=16
• Gladwell, Malcolm. "The Moral Hazard Myth." The New Yorker. Aug 29 2006 22 Apr 2008. http://www.newyorker.com/archive/2005/08/29/050829fa_fact
• Kolata, Gina. "Co-Payments Go Way Up for Drugs With High Prices." The New York Times. 14 Apr 2007. 22 Apr 2008. http://query.nytimes.com/gst/fullpage.html?res=9F06EFD7163BF937A25757C0A96E9C8B63&scp=2&sq=healthy+people+cost+more&st=nyt
• Pear, Robert. "Without Health Benefits, a Good Life Turns Fragile." The New York Times. 5 Mar 2007. 22 Apr 2008. http://www.nytimes.com/2007/03/05/us/05uninsured.html?scp=3&sq=healthy+people+cost+more&st=nyt
• Sher, Jeff. "Health Care Cost: Eliminate Co-Pays." Counterpunch. 19/20 May 2007. 22 Apr 2008. http://www.counterpunch.org/sher05192007.html

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