Nobody downloaded yet

The Rising Cost of Health Care, and the Uninsured - Essay Example

Comments (0) Cite this document
Summary
Health insurance premiums have been rising on average by double-digit percentage points over the past five years, a rate of increase that is 2-3 times the rate of inflation. Because of these out-of-control health care costs, there has been a steep rise in the number of uninsured Americans…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.9% of users find it useful
The Rising Cost of Health Care, and the Uninsured
Read TextPreview

Extract of sample "The Rising Cost of Health Care, and the Uninsured"

Download file to see previous pages In the face of rising health care costs, fewer employers are able to provide their workers with health insurance; the percentage of employers offering health insurance dropped from 69% in 2000 to 60% in 2005. Even if employers are able to provide health insurance benefits, the trend is towards providing high-deductible insurance that covers an ever-shrinking percentage of health care costs.
The net result is that more and more employed middle-class Americans find themselves with low-quality or no access to health care. The erosion of employer-based coverage has been partially offset by increased enrollment in Medicaid, which is designed to provide a safety-net for the lowest income Americans.
However, Medicaid has recently been the subject of relentless funding cuts by cash-strapped states and Congressional representatives who are ideologically opposed to welfare programs. As the program continues to be slashed, it is certain that Medicaid will not be able to offset the losses in employer-based insurance, resulting in more and more uninsured individuals. Health insecurity is at an all-time high. In a time when thousands of people lose their health insurance every day, when health care is becoming elusive to even well-to-do Americans, and when any person is just one pink slip away from becoming uninsured, it becomes clear that health care for all is not just important to achieve, but imperative. (http://66.249.93.104/searchq=cache:MjuwB2oUF14J:www.amsa.org/uhc/CaseForUHC.pdf+%22Health+insecurity+is+at+an+all-time+high.+In+a+time+when+thousands%22&hl=en&gl=pk&ct=clnk&cd=1)
Most people have health insurance through their employers or jobs. But, employment is no longer a guarantee of health insurance coverage. As companies change from manufacturing-based economy to a service economy, the working patterns revolve and health insurance coverage has become less stable. Due to rising health insurance, many employers cannot afford to offer health benefits. Companies that do offer health insurance, often require employees to contribute a larger share toward their coverage. As a result, a lot of people have made a decision not to take advantage of job-based health insurance because they cannot afford it.
Because of this healthcare spending continues to rise at the fastest rate in history. For example in 2004, according to the National Coalition of Healthcare (NCHC) the total national health expenditures rose 7.9 percent -- over three times the rate of inflation (1). Total spending was $1.9 TRILLION in 2004, or $6,280 per person (1). Total healthcare spending represented 16 percent of the gross domestic product (GDP). Healthcare spending is expected to increase at similar levels for the next decade reaching $4 TRILLION in 2015, or 20 percent of GDP.
In 2005, employer health insurance premiums increased by 9.2 percent - nearly three times the rate of inflation. The annual premium for an employer health plan covering a family of four averaged nearly $11,000. The annual premium for single coverage averaged over $4,000.
Experts say our healthcare system is filled with inefficiencies, unnecessary administrative expenses, inflated prices, poor management, and inappropriate care, waste and fraud. These problems drastically ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Rising Cost of Health Care, and the Uninsured Essay”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1506252-the-rising-cost-of-health-care-and-the-uninsured
(The Rising Cost of Health Care, and the Uninsured Essay)
https://studentshare.org/miscellaneous/1506252-the-rising-cost-of-health-care-and-the-uninsured.
“The Rising Cost of Health Care, and the Uninsured Essay”, n.d. https://studentshare.org/miscellaneous/1506252-the-rising-cost-of-health-care-and-the-uninsured.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF The Rising Cost of Health Care, and the Uninsured

The Rising Number of Uninsured or Underinsured in the Country

...The rising number of uninsured or underinsured in the country Q1.For what period of time must someone be uninsured to be counted in that number? One qualifies to be uninsured if they spend 10% of more of their income or 5% for the low income earners on out of pocket medical costs, or in case they incur deduction the can be equaled 5% or more of their income for a period f one year (Hammaker et al, pg 11). Q2.What percent of those in that number have the assets to pay for care? Cases of underinsured not cared for were reported in the past. There have been problems in terms of access and financial stress for the...
4 Pages(1000 words)Research Paper

Rising Costs of U.S Health Care

...Rising Costs of U.S Health Care The U.S has for a long time boasted of having the best health care system in the world. In the recent years, however, the U.S health care system has come under attack for its many problems. The private sector in the health care industry being the majority owner of health care sector in the U.S has particularly been criticized and has been under intense scrutiny over the main issues of affordability, portability, and accessibility of medical care to the Americans. The most concerning issue...
5 Pages(1250 words)Research Paper

Rising Cost of Health Insurance

...Health insurance in America, which over half of its citizens receive from their employers, is a major source of anxiety. Prices that the nation must accept are slowly rising, but the rate of inflation and increases in wages are not keeping up. Past presidential candidates have proposed solutions such as tax credits for small businesses and people who have a low income. Another possible solution is health care being given to everyone to promote preventative care. If a change is not made, the country is in danger of worsening dramatically in matters of health and related costs. More than seventy million Americans don't...
2 Pages(500 words)Essay

Health care cost

..., while the hourly earnings during the same period have escalated by fourteen percent. This galloping health care costs that is affecting affordability of health care is the reason for concern. Any control measures need an understanding of the factors that are responsible for the escalation in health care costs. According to Ginsberg, 2004, advances in science and technology that has seen a rise in new technologies available to health care, is the prime driving force behind the escalation in health care...
2 Pages(500 words)Essay

The rising cost of health care in the united states

...47 million completely uninsured and millions more inadequately covered" ("Single-Payer National Health Insurance"). With this in mind they promote a single payer system that would allow people to have their choice of physicians instead of having to choose a specific provider from a list and it would insure that all Americans would have insurance coverage for "medically necessary services" ("Single-Payer National Health Insurance"). It seems that there is no end to the debate until the government makes a decision of how to handle this issue. Americans will have to continue to watch to see whether there is something that will work for them or many will continue to go without. Works...
3 Pages(750 words)Essay

Cost of Health Care

...Association . 2006). The criteria to be met so as to acquire medical funds from this organization is; being mentally disturbed and homeless, suffering from schizophrenia and yet no access to a health care facility and living with a mental condition in a poor environment (National Mental Health Association ,2006, p.3). The organization helps those who cannot access their funds by using the U.S Protection and Affordable Care Act to get funding directly from the government and help those who do not qualify for their assistance (National Mental Health Association . 2006). Conclusion Mentally disturbed patients have limited options of places where they can...
1 Pages(250 words)Assignment

Efforts at containing cost in health care

...Health Care Costs in the U.S of the of the Introduction According to the facts and figures, it is estimated that about one sixth of the U.S economy is devoted to the health care system with a significant rise every year, which means about $2.7 trillion is spent on this system while up to $800 billion a year is considered inefficient and wasted. Out-patient care includes most of the healthcare expenses. According to a survey, U.S citizens hesitate to get treated for a less fatal disease, and carry on taking OTC medications from the local pharmacies to subside the symptoms, this survey concludes that it is basically due to...
2 Pages(500 words)Essay

Health Care Cost

...Health Care Cost al Affiliation) Health Care Cost Employers have the capa to control healthcare expenses through incentives, which inspires workers to work hard and act properly keeping them away from destructive work practices such as idleness. Health savings accounts allow workers to use their cash, offering them a pause to reflect on how they can get their healthcare, the most lucrative way. Employers can offer spousal coverage by paying a fraction of the premium and put their partners and kids on their plan. Employers can put smokers on a coverage plan, which eradicates smoking throughout working hours, helps workers...
1 Pages(250 words)Essay

Funding the rising cost of U.S health care

...Funding the Rising Cost of U.S Health Care Introduction The main purpose of the assignment is to critically analyze different ways of financing in the current healthcare sector of the US and accordingly, evaluate its impact on each individual receiving different healthcare services. Subsequently, comparing of two major areas of the US economy influenced by the newly developed Affordable Health Care Act (ACA) is discussed. An in-depth understanding through analyzing the pros and cons of using private insurance and new affordable health insurance system are also considered in the discussion along with the...
4 Pages(1000 words)Assignment

Rising health care costs

...caution to overdependence on the independent sector. Ian H Kunkler consultant Western General Hospital, Edinburgh EH4 2XU ANALYSIS: In this article, a global perspective is offered to touch on the rising health care costs. All governments are fighting their way to find an amicable solution to this menace and at the same time come up with a grand plan to maintain high standards of health care services. An overview of the United Kingdom and Australian governments is offered as the two states opt to find a pivotal balance to nail a healthier option of creating an equilibrium between Medicare services offered to the rich and the poor. ...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic The Rising Cost of Health Care, and the Uninsured for FREE!

Contact Us