Health Care Spending Paper Essay

This paper leave alone include the current wellness all(prenominal)ot expenditures whether using up is similarly much or not enough, where the state of matter should add or skitter, how the habituals wellness disquiet demand are remunerative and provide a direct for the future economic needs, why these needs must be directed, how I hear these needs pull up stakes be financed and conclusion.Current wellness Expenditures wellness business organisation cost have been locomote for several years. Expenditures in the United States on wellness care surpassed $2.3 million in 2008, more than three times the $714 billion spent in 1990, and over eight times the $253 billion spent in 1980. Stemming this reaping has become a study policy priority, as the governance, employers, and consumers increasingly essay to come about up with health care cost. Hospital disbursal, the largest share of overall health care spending, is a major driver of increased costs The current n ational expenditure have tripled over the last decennium particularly in hospital care, physician/clinical services and medicate ( Kaiser, 2010). The United States is at an all time high in health care. In the health care system there are roughly factors that contribute to this increase. It is getting to the tiptop that more and more Americans cannot render health care, because of the cost of health care is getting harder to maintain for their families.Whether Spending is too much or not enoughIt is difficult to pin point one exact factor why spending is escalating. The chart down the stairs states that hospital care, physician/clinical services and prescription drugs are where the most spending is taking place (Kaiser, 2010). This shows we are spending too much, especially in these top three categories listed. When health care cost is steadily increasing, so we are spending a great deal in the list above.National Health Expenditures, 2008 picSource Centers for Medicare and Medicaid Services, Office of the Actuary, National Health Statistics GroupWhere the Nation Should Add or CutMedicare and Medicaid account for a significant share of health care spending (Kaiser, 2010) and also tally to the above chart we could cut in the hospital care, physician/clinical services and prescription drugs. This is why we need to cut as farthermost as the nation is concerned because these regimen courses Medicare and Medicaid are funding health cost at a steady growth. We have to work on controlling this program before it controls us. If we do not start black from roughwhere we give be in a serious famine for health care in the United States. Then we need to cut prescription drugs cost, so it can be affordable to everyone, so the government needs to intercede the pharmaceutical companies closely to manage this expense.How the Publics Health heraldic bearing needs are PaidAlthough Americans benefit from many of the investments in health care, the recent rapid c ost growth, coupled with an overall economic slowdown and rising federal deficit, is placing great strains on the systems apply to finance health care, including private employer-sponsored health insurancecoverage and public insurance programs such as Medicare and Medicaid ( Kaiser, 2010 ). The publics health care payments are paid by Medicaid and Medicare if eligible for this government health program and other private health insurance companies, for face Blue tangle and Blue Shield, Aetna, Cigna and United Health Care are just a few the public health care is paid. There are rough populate who pay start of pocket, whether they can afford it or not. count on the Future Economic needsScott Donahue, vice president of Triple point healthcare advisory group, agrees, pointing to statistics such as those found in the 2009 PricewaterhouseCoopers Health Research Institute cartoon that revealed nearly one half of the $2.2 jillion the United States spends each year on healthcare is wasted. While it is impossible to point to any single breakdown contributing to the waste, it is clear from the studys findings that this is an industry that has significantly underutilized technology to improve efficiencies, he says, adding that confuse computing could economic aid mend a healthcare system that is stuck in the inefficiencies and limitations found in older legacy systems (Chavis, 2011).There needs to be an investment in our technology system for health care for example electronic checkup records (EMR) to better serve the patients and technology that is being indispensable to give feature service and modify the providers wages, since in the hospital this is the biggest cost. This is a start in the direction to accommodate the Americans who cannot afford health care. These small changes can contribute to a clear forecast in health care. apprehend why these needs must be addressThis issue needs to be address because health care cost is soaring and if we do not i ntercept and bear some real changes the American people will not afford medical services. The health providers and facilities are making big bills and they need to work with the people to help with this expense we have made. The government can help by fine tuning the Medicare and Medicaidprogram, so people can benefit fairly from it. We need to get proactive in prevention, so we our bodies will stay healthy for a long life.Forecast how I envision these needs will be financedI envision a new administration making some major changes to make health care affordable for all Americans. The private insurance companies will need to work on some alternative health care package to their consumers for health care cost. The government in Washington to period thinking of them and focus on health care cost, so all can manage health expense and get continued quality care also.ConclusionThe bottom line we need to concentrate on cutting cost of health care and quality care, which we all merit as human beings. There is not just one factor that contributes to the health expenditure but several pieces to this puzzle that makes this a major health cost issue. We need to find ways to decrease spending too much, so people can benefit from their health envision. The nation should consider cutting hospital care, clinical services and prescription drugs, since these are the top expenses for health care. This would definitely clear a path for cut back cost. The public can barely afford to pay premiums to their private health insurance companies but if they want coverage they have to pay. The ones who qualify for Medicare and Medicaid will get help from this government program for health care cost and yes some people still pay out of pocket to maintain their health conditions.Technology is one investment to keep up with the growing health care needs of people. We must address these health cost concerns or they will get out of control, so we need to be proactive getting health care financially in shape to accommodate medical service to all. I envision that all people will be covered by health care regardless of economic background. Americans need to get resources to take better care of their health and invest in prevention, so our health will not result in a chronic illness or an incurable disease. Then maybe the law makers in Washington will make sounddecision about our health care plan from other health care providers, so we can benefit and help with cost diminishing.ReferencesAccess My Library. (2004). Health Care Spending Hits 1.6 Trillion in 2002, Rising More Than Twice as Fast as U.S. Economy. Retrieved from http//www.accessmylibrary.com/coms2/summary_0286-19942976_ITMChavis, S. (2011). complicated Forecast for Health. For the Record, 23(4), 10.Getzen, T., Moore, J. (2007). Wiley Pathways health care Economics (1st. ed.). John Wiley & Sons.Kaiser. (2010). U.S. Health Care Costs. Retrieved from http//www.kaiseredu.org/Issue- Modules/US-Health-Care-Costs/ Background-Brief.aspx.