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Health Care and the Economy - Essay Example

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Economic growth in the US has experienced a tremendous fall in the past few years, and this has affected the employment sector in terms of access to health insurance funds by the employees. This is experienced by employees who work in small businesses; the ones who can be able…
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Health Care and the Economy
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Download file to see previous pages The fact brought out indicates that, even though, the unemployment numbers decrease, as ironical as it may sound, many people still lack jobs and in collaboration with that, people are unable to sustain themselves in health coverage matters. It is with no doubt that the health care sector is slowly declining because of recession, and this has not only made the medical coverage of many individuals to be at stake but has also driven many people to withdraw from vital medical insurance services, to save money for other uses.
Inflation has become a major issue that is facing the American society especially when it comes to the prices of medicine. In News article done by Rosenthal (2014), states that there has been a significant increase of generic drug prices which has caught the users by surprise. She states that users of medicine such as digoxin have started looking for other options other than that, because one would encounter costs that range from $1000 which is too expensive (para 5). Medicine that is also necessary for the young children for example vaccines have gone up tremendously. It is true that other medicines can be used to treat the diseases, but the most recommended ones are ironically too expensive though their manufacture price is not high.
Inflation of pharmaceutical drugs has left the people who earn below the average income and those who are unemployed, under bad conditions because they end up not buying the medicine that they need, so as to save up on their money. This shows that the tremendous increase in of prices is affecting not only the unemployed but also the employed because treatment is becoming too expensive for people to afford to leave a lot of people in debts if they purchase the drugs (Rooney, para 3).
Treatment is also becoming expensive, and this has made many companies withdraw their medical covering benefits from their employees but not entirely. ...Download file to see next pagesRead More
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