Healthcare Spending
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Health Care Spending
Sharkia Fountain
University of Phoenix
HCS 440
November 01, 2010
Dawn Chiabotti
Healthcare and it’s spending has and will continue to be a major discussion in the public. Year after year, there is millions of dollars spent on the healthcare facilities to improve them so that they provide better access and quality to the public. Over the years, there has been a lot of discussion on how to provide a better federal solution regarding healthcare however the outcome is still the same. The spending projection has been steadily rising.
“According to Mathew DoBias, Jennifer Lubell and Cinda Becker the current national healthcare expenditure is believed to be over billions of dollars (as of 2007) giving a 16% gross domestic product. These calculations will have the healthcare expenditure to rise to 19.6% by the gross domestic product in 2016 startling the national healthcare expenditure up to $5,000 billion dollars, as per the CMS (Dobias, Lubell & Becker, 2007)”.
Overall, the United States is known to be the largest healthcare spender throughout the world. Our country accounts for a majority of citizens who has their own health insurance or they are covered though their employer, which can be said that some are in good health. It is obvious that health insurance is expensive leaving some with high medical bills that is causing a lot of people to bankrupt.
“Most Americans, 59.5%, receive their health insurance coverage through an employer and about 9% purchases it directly from the market. Government sources cover 27.3% of the population. In 2005, there were 46.6 million people in the U.S. (15.9% of the population) who were without healthcare insurance for at least part of that year.(ibid) Many of these may have been in between jobs at low risk of serious illness and therefore choosing to not to purchase it. In fact, approximately one-third of these 46.6 million who did not have health insurance...
Sharkia Fountain
University of Phoenix
HCS 440
November 01, 2010
Dawn Chiabotti
Healthcare and it’s spending has and will continue to be a major discussion in the public. Year after year, there is millions of dollars spent on the healthcare facilities to improve them so that they provide better access and quality to the public. Over the years, there has been a lot of discussion on how to provide a better federal solution regarding healthcare however the outcome is still the same. The spending projection has been steadily rising.
“According to Mathew DoBias, Jennifer Lubell and Cinda Becker the current national healthcare expenditure is believed to be over billions of dollars (as of 2007) giving a 16% gross domestic product. These calculations will have the healthcare expenditure to rise to 19.6% by the gross domestic product in 2016 startling the national healthcare expenditure up to $5,000 billion dollars, as per the CMS (Dobias, Lubell & Becker, 2007)”.
Overall, the United States is known to be the largest healthcare spender throughout the world. Our country accounts for a majority of citizens who has their own health insurance or they are covered though their employer, which can be said that some are in good health. It is obvious that health insurance is expensive leaving some with high medical bills that is causing a lot of people to bankrupt.
“Most Americans, 59.5%, receive their health insurance coverage through an employer and about 9% purchases it directly from the market. Government sources cover 27.3% of the population. In 2005, there were 46.6 million people in the U.S. (15.9% of the population) who were without healthcare insurance for at least part of that year.(ibid) Many of these may have been in between jobs at low risk of serious illness and therefore choosing to not to purchase it. In fact, approximately one-third of these 46.6 million who did not have health insurance...