Paying for Healthcare Reform
$19.95 Buy and instantly download this paper now
This paper provides an overview and discussion of several issues involved in the current debate on healthcare reform. First, the paper presents statistics which show the rising cost of healthcare in the US. Then, it notes how Medicare and Medicaid account for a considerable share of health care spending. Additionally, the paper explores how the government will fund universal healthcare coverage, particularly in light of the financial crisis. Finally, the paper cites the seven critical points identified by the American Medical Association to improve access to affordable, quality care and reduce unnecessary costs in the current system. The paper concludes by stating that whatever plan is put into place to reform health care, it needs to address the fundamental issues of cutting spending while increasing access and quality of care.
From the Paper:"In 2007, U.S. health care spending was about $7,421 per person and made up for 16.2% of the nation's Gross Domestic Product (GDP). This is among the highest of all industrialized countries. Total health care expenditures have grown at an annual rate of 6.1 percent in recent years. This is growing faster than inflation and the growth in national income. Without reform, there is general agreement that health costs are likely to continue to rise in the foreseeable future. Many experts have cited controlling health care costs as a key principle for broader economic stability and growth (Health Reform, 2010).
"Even though Americans benefit from many of the investments in health care, the recent growth in cost, coupled with an overall economic slowdown and rising federal deficit, is placing great strains on the systems used to finance health care, including private employer-sponsored health insurance coverage and public insurance programs such as Medicare and Medicaid. Health coverage premiums that are employer-sponsored have increased by 119 percent since 1999, placing increasing cost burdens on employers and workers. With wages rising at a much slower pace than health care costs, many people face difficulty in affording out-of-pocket spending."
Sample of Sources Used:
- Berenson, Robert A., Holahan, John, Blumberg, Linda J., Bovbjerg, Randall R., Waidmann, Timothy, Cook, Allison and Williams, Aimee. (2009). Retrieved February 3, 2010, from Web site: http://www.urban.org/UploadedPDF/411932_howwecanpay.pdf
- Health Care. (2009). Retrieved February 3, 2010, from The White House Web site: http://www.whitehouse.gov/issues/health-care/
- Health Reform. (2010). Retrieved February 3, 2010, from Kaiser Family Foundation Web site: http://www.kff.org/healthreform/sidebyside.cfmSchlobohm, Alan. (2009). The Process of
- Health Reform Legislation. Retrieved February 3, 2010, from Kaiser EDU Web site: http://www.kaiseredu.org/tutorials/reformprocess/player.html
- The AMA Vision for Health System Reform. (2010). Retrieved February 3, 2010, from American Medical Association Web site: http://www.ama-assn.org/ama/pub/health-system- reform/resources/resources-archives/our-vision.shtml
Cite this Term Paper:
Paying for Healthcare Reform (2012, August 27) Retrieved December 02, 2023, from https://www.academon.com/term-paper/paying-for-healthcare-reform-151674/
"Paying for Healthcare Reform" 27 August 2012. Web. 02 December. 2023. <https://www.academon.com/term-paper/paying-for-healthcare-reform-151674/>