The Causes of High Health Spending Essay Assignment Paper
The Causes of High Health Spending Essay Assignment Paper
Mature and elderly Americans spend much more money on the health care than working class or citizens with children. Moreover, the patients with the chronic diseases face serious problems. The expense for the hospital stays is rising, and the cost for therapeutic and diagnostic procedures is growing every year. Despite the fact that the governmental programs, such as Medicare, are helping the patients with serious diseases, it is never enough.
In the medical practice in the USA, sometimes the doctor pays attention only to one human organ that causes problems and inconveniences for the patient. However, he do not look at the body like at the complete and unique system. Each expert says only what is relevant to the body or the part of the human body, which is the object of his narrow professional qualifications. That is why the cost of the medical examinations in the United States surpasses all conceivable levels and is exaggerated greatly. The high cost of medical tests is a great temptation for those who do not shun the possibility of using them to beat out money from insurers and fund the pocket. Because of the massive use of tests, American medicine is increasingly becoming a feeder for rogues and schemers. In turn, the lack of effective control of the real need and the amount of medical examination instruments makes it profitable, but unscrupulous business.
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People without health insurance are experiencing difficulties in obtaining timely medical care. That is another problem of the healthcare in the USA. For non-urgent cases, individuals have to pay an unreasonably high price for the visit or use the community clinics, which provide medical assistance on a sliding scale. Now about 1,250 such clinics in the country provide services in 8,000 locations. To meet a physician in this kind of institutions takes two hours of waiting (Centers for Medicare and Medicaid Services, 2011).Health Spending in U.S. and Cost of Healthcare
Those people, who have health insurance, also face additional payment, for example, they need to pay for the service in the event of a severe illness. Since 2014, the maximum that a person has to pay for the insurance is $ 6350 for a person and $ 12,700 for a family per year. As a result, serious illnesses and accidents, especially if they last for a long time and cause disability, often lead to financial shocks of the patient and his family (Rising Health Care Costs, n.d.).
The high cost of medicine and the rapid growth of spending on health care cause a lot of discontent in society. Adopted in 2010, the Act on Access to education tries to stop the rising cost of medical care, but still it is unknown whether it will be able to achieve the goal.
Innovation is another cause of high spending for the health care in the USA. It is known worldwide that America has the best medical centers with no analogs on the planet. However, production of medical products, such as medicines and equipment, engages private companies. America spends enormous sums on medical research mainly due to non-state sources. Laboratories mainly carry out research to develop new drugs, techniques, devices that can be subsequently recorded and presented in the pharmaceutical market. Government and universities prefer basic research. Public research institutions such as the National Institutes of Health (NIH) and the National Institute of Mental Health carry out many of these studies.
The Budget Committee of the U.S. Congress made an investigation of expenses. It concluded that the increase in health care costs is related directly to changes in program of healthcare that have occurred due to the growth of income, changes in insurance coverage and price increases. Spending on hospitals and doctors’ salaries makes up a large part of the total cost of medicine, while the cost of prescription drugs gives only 10%.
Spending on health care are the issues of relevance not only in the United States. It is a global problem. The 50% of growth in expenditures is due to the improvement of technologies, and 20% states an aging population of the world. However, in the next few years the share of the costs associated with aging will grow. According to the Organization for Economic Co-operation and Development (OECD), over the past 50 years, health care costs on average outpaced GDP will show growth by 2 percentage points (Centers for Medicare and Medicaid Services, 2011).Health Spending in U.S. and Cost of Healthcare
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