Health Care Spending in the United States - 1163 Words

Health Care Spending in the United States HCS440/Economics: The Financing of Health Care November 25, 2011 Jeannie Major Health Care Spending In the early 1930’s, the Blue Cross/Blue Shield Organization led consumers to hospitalization and medical coverage under their own charter for everyone who sought coverage for one prepaid fee. Years later, other insurance companies, such as Kaiser Permanente began to offer coverage to consumers within their geographic boundary. However, health care spending is on the rise. Over the last couple of decades the expenditures have risen from 724.0 billion dollars in 1990 to 2,486.3 billion in 2009(US census, 2011). Today, we are a nation with Health Care Reform signed into law by President Obama†¦show more content†¦Likewise, there will be an increase in waiver forms as employees will have the opportunity to â€Å"waive† their right to partake in healthcare benefits from the employer. Medical claims activity will rise due to an increased number of consumers covered with no pre-existing condition exclusion for those who are age 19 and younger. When services are pro vided for consumers beyond the age 19 for a pre-existing condition, there could be an increase in consumer appeals to the health carrier. There are two additional attractions to the healthcare reform. One is the anticipated reduction of cost to consumers by eliminating annual or lifetime maximums for services. This reform will not affect ancillary plans such as dental, vision, hearing and prescription drug plans for adult coverage. The other attraction is that there will always be consumer coverage. An employer would provide a temporary insurance plan to bridge the gap for retired employees who are over the age of 55, without retiree medical coverage and not Medicare eligible. Employers would receive 80 percent of claims that are between $15,000 to $90,000 to help reduce plan costs (AARP, 2010). The catch for the employer is to apply, document claims, and implement the program thatShow MoreRelatedNational Health Care Spending in the United States1828 Words   |  8 PagesRunning head: NATIONAL HEALTH CARE SPENDING IN THE UNITED STATES National Health Care Spending in the United States Bill Obert HCS/440 June 3rd, 2012 University of Phoenix National Health Care Spending in the United States When the United States first began keeping statistical; data on national health expenditures in 1960, the population of the time was estimated at a mere 186 million people, with a national health care cost of approximately $27 billionRead MoreHealth Care Spending1686 Words   |  7 PagesHealth Care Spending HCS 440 Health Care Spending Health care spending in the United States is a key contributor to the countrys economy. The health care industry provides employment as well as providing services that bring healthier lifestyles, better productivity, and a longer life. Health care also brings the development of new drugs and new medical technology that also helps keep the economy employed. However, although the health care and health care spending does tend to help the economyRead MoreHcs/440 Health Care Spending1584 Words   |  7 PagesHealth Care Spending Terri Adams-Smith HCS/440 October 8, 2012 John Branner In 2002, the United States spent $5,267 per capita on health care. Higher prices for health services such as prescription drugs, doctor’s visits and hospital stays have been contributors to the rising numbers (Anderson, Hussey, Frogner, 2005). Both public and private health expenditures are growing at rates, which outpace comparable countries (The HenryRead MoreHealth Care Spending1149 Words   |  5 PagesHealth Care Spending in the United States Lisa Patti HCS/440 April 23, 2012 Caryn Callahan Introduction Heath care in the United States is costly and confusing. Many do not follow the facts, policies or cost the government has controlled in health care. This leads to obtaining the incorrect insurance that causes high out of pocket expenses to choosing no health insurance at all. In today’s society many cannot afford health insurance, in 2010 49.9 million people in the United States were withoutRead MoreHealthcare Finance1518 Words   |  7 Pagesthe United States health care spending grew 3.9 percent. The total health care expenditures reached $2.6 trillion, which translates to $8,402 per person or 17.9 percent of the nation’s Gross Domestic Product (GDP). Health care spending plays a major role in shaping our countrys health care system. Financing health care influences how people access health care, the types of health care provided, and how the cost of health care is distributed among members of society by income and by health statusRead MoreHealthcare Spending in th e United States1006 Words   |  5 PagesHealthcare Spending HCS/440 July 24th, 2014 Healthcare Spending The national healthcare spending within the United States keeps increasing annually. The overall deficit keeps increasing due to national healthcare expenditures. In 2012, the healthcare deficit was three trillion dollars. Due to services such as medical treatments and health insurance; the healthcare spending will continue to increase. National Healthcare Expenditures In the United States, the overall projections areRead MoreHealth Care Spending Paper909 Words   |  4 PagesHealth Care Spending Paper Health Care Spending Paper Health Care Spending The national health care spending in the United States has been growing faster than the national economy for many years, yet many United States citizens are without sufficient health care. Not only is it representing a challenge not only for the government’s two major health insurance programs (Medicare and Medicaid), but with the private sector insurance also. As health care spending rises for the nation’s economicRead MoreHealth Care Spending1347 Words   |  6 PagesHealth Care Spending HCS/440 Michellelina Coleman April 18, 2010 Katherine Iaconetti Health Care Spending Health care is a huge added player in the hat rides the Current national expenditure levels in the United States has more than tripled in the past decade, while the amount of Americans that can afford private health insurance has dropped and the number of people relying on Medicaid and Medicare has increased with the aging baby boomer generation. Medicaid and Medicare being two ofRead MoreThe United States And Australia1273 Words   |  6 PagesThe United States and Australia are both industrialized countries with both English-speaking populations with challenges of providing health care coverage. Differences and similarities can be found in both countries with regards to the health care system. Both have government programs such as Medicare that is designed for the population in different circumstances, and both populations use private insurance. With the implementation of the Affordable Care Act, the United States is attempting toRead MoreMeasuring The U.s. Health Care System 1248 Words   |  5 PagesMeasuring the U.S. Health Care System The OECD (Organization for Economic Cooperation and Development) reports and tracks over 1200 health systems annually (Alexander, 2010). Moreover, the organization assesses approximately 30 industrialized countries. The OECD collects data ranging from the citizens’ health status to almost all non-medical determinants of health care utilization and resources. For instance, according to the OECD analysis of 2008, the United States differs markedly from the rest