StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Economics and Contemporary Issues - Essay Example

Comments (0) Cite this document
Summary
Universal healthcare is one f the most important topics f the world. Since the tenure f President Bill Clinton in the United States, universal healthcare has also been an important subject for media because the idea resounds in the desires f people in this country…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.3% of users find it useful
Economics and Contemporary Issues
Read TextPreview

Extract of sample "Economics and Contemporary Issues"

Download file to see previous pages Behind this struggle, health care costs are skyrocketing, and two primary reasons for the increase find their roots in these same two groups. Life expectancies in the country are getting longer, and the aging boomers will require more health care for longer periods f time. Funding for the existing government health care systems is declining due to the same reasons that Social Security is facing implosion. More citizens receiving benefits are fewer citizens are paying into the system. The simple equation f higher demand -plus- lower funding -plus- longer lives -equals- higher costs.
Secondly, the poor, uninsured and illegal immigrants who can receive health care at any hospital are creating increased drag on a system that is already suffering. Every hospital in the country will treat any person entering its emergency wards. If the services are not paid for, the loss is applies to the bottom line, and costs increase throughout the system.
A third reason for the push for Universal healthcare is the pragmatic belief that in the long run it will reduce healthcare costs in general. If preventative care is available to everyone from birth, the result will be less-costly healthcare needs in people's later years. Early preventative measures also lessen the magnitude f epidemics; when more people are immunized and have access to treatment, disease cannot spread so easily. (University Wire, 2001)
Former US Surgeon General C. Everett Koop recently stated: "I think I am right when I write that all Americans have the right to healthcare," Koop said. "If we agree that there is a right to healthcare, then we are also agreeing that someone must provide these rights," he said, noting that the right to healthcare is different than some other constitutional rights because it incurs a monetary cost on society. (Anand, 2000)
Two year ago, in a survey f medical- school faculty and administrators published in the New England Journal f Medicine, 57 per cent said they like a single-payer universal healthcare system over either fee-for-service or managed care. Indeed, more and more doctors are now keen to work in coalitions where they learn from and fight for the needs f those whom they have traditionally considered inferiors or adversaries. (Gordon, 2000)
As a result, when President Clinton ascended the podium, and declared that universal healthcare is a right which Americans shared, no one questioned where the money would come from to fund such a huge expansion f the federal bureaucracy. This has become the clearest argument for universal healthcare, the right f all people to receive healthcare, in the form f physician visits and pharmaceuticals, regardless f their socioeconomic status. (University Wire, 2001) A person who is poor should not be precluded from the benefit f healthcare simply because he or she cannot afford it. Boomers perceive universal health care as another program to benefit them, and the poor / uninsured thought they were looking at a savior. The core question to answer, however, is not whether healthcare coverage is a right or not. The costs f health care are skyrocketing, and the needs f the population are increasing. The question is: What is the most effective means f bringing down ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Economics and Contemporary Issues Essay Example | Topics and Well Written Essays - 1750 words”, n.d.)
Retrieved from https://studentshare.org/miscellaneous/1534750-economics-and-contemporary-issues
(Economics and Contemporary Issues Essay Example | Topics and Well Written Essays - 1750 Words)
https://studentshare.org/miscellaneous/1534750-economics-and-contemporary-issues.
“Economics and Contemporary Issues Essay Example | Topics and Well Written Essays - 1750 Words”, n.d. https://studentshare.org/miscellaneous/1534750-economics-and-contemporary-issues.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Economics and Contemporary Issues

CONTEMPORARY CORPORATE GOVERNANCE ISSUES

...?CONTEMPORARY CORPORATE GOVERNANCE ISSUES Contents Contents 2 Introduction 3 Corporate Governance 3 Conclusion 11 References 13 Bibliography 15 Appendices 16 Introduction Corporate governance is a new field and its development is influenced by models from varied disciplines such as finance, accounting, economics, management, organizational behaviour and law. Major among these models which have provided a theoretical framework for other models and theories is principal-agent model. However the stakeholder model has drawn significant attention as the organizations are increasingly becoming more aware of the fact that they cannot operate in isolation considering only the shareholders’ interests they also need to have regard to a wider...
10 Pages(2500 words)Essay

Contemporary management issues

...? Contemporary Management Issue: The Examination of the Greek Financial Crisis Introduction This paper examines a contemporary issue – the Greek financial crises which caused major problems to the Greek economy and has transformed the social and cultural life. The paper would examine the management theories that relate to the business and environmental context of Greece and how it has been affected by the financial crisis. Also, the research would examine the longer term consequences of the Greek financial crises. The project would be conducted through a critique of secondary sources on a wide range of topics that relate to the Greek financial crisis. To this end, various authoritative sources would be examined to provide important...
9 Pages(2250 words)Essay

Contemporary Diversity Issues Paper

...Contemporary Diversity Issues Paper The prescriptive norms, rules, roles, and networks of a specific culture are a basic component of how that culture defines itself. These elements of a specific culture are particularly important, both for its overall place within a wider society and also for the members of that specific culture. Some cultures have quite general and amorphous norms and roles, such as that of secularized Jews within America, while others, such as Hasidic Jews have a set of rules and behaviors that essentially dominate every aspect of an individual's life. The opportunities/obstacles of being a member of both the dominant culture and an ethnic culture. Increasing numbers of people belong to both a dominant culture and also...
5 Pages(1250 words)Essay

Contemporary Policy Environmental Economics

... In order to abate climate change the EU has set forth a mandate to produce “20% renewable source energy by 2020”. As part of this initiative the UK has to produce “15%of renewable source energy by 2020.” 1. Executive Summary In January 2006, due to blockade of gas supply by Russia to a multitude of East European nations in addition to Italy, Germany and France, supply of power was put to halt temporarily. Mounting pressure was exerted on EU to find a viable substitute for gas and oil or fossil fuels. Due to global warming issue, already G7 nations have chalked plans to minimise the carbon emission and to reduce the overall use of fossil fuels for manufacturing energy. Russian then President Putin ordered to stop supply of gas by Russian...
16 Pages(4000 words)Essay

Contemporary Issues in Economics

Therefore, this paper will seek to explicate some of the main factors that determine the gas prices, problems, causes and solutions.
First and foremost, it is important to note that the supply and demand market place determines the worth of fuel. This is because an increase in demand and a decline in supply will automatically lead to a rise in price. On the contrary, if the demand goes down or there is an upsurge supply, then the fuel price will automatically decrease. In case a retailer decides to market its gas at a high price without considering the pricing of the competitors, then consumers will go and buy gas from the competitor selling at lower prices. When this happens, the retailer will lose business due to the high pr...
6 Pages(1500 words)Research Paper

Economics Issues

...Economics 1. . Days Of Labor Units Of Daily Output Marginal Product of Labor Value of the Marginal Product of Labor 0 0 0 0 1 7 7 70 2 13 6 60 3 19 6 60 4 25 6 60 5 28 3 30 6 29 1 10 The firm should hire 4 days of labor because the value of the marginal product of labor is higher than the wage rate per worker. 2. The factors of production include land, labor, capital and entrepreneurship. The reward for capital is interest, for land is rent, for labor is wages and for entrepreneurship is profit. The marginal product of labor refers to a change in output as a result of additional unit of labor. The Marginal product of capital refers to change in output as a result of a unit change in the in capital. 3. Equilibrium in the capital market...
3 Pages(750 words)Coursework

Physiological Factors While Dealing With Health Issues

The body’s metabolism includes all the physiological processes in the body. Enzymes serve as catalysts to biochemical reactions that form a part of metabolism. The two distinct chemical phases of metabolism are anabolism and catabolism. Anabolism consists of building up carbohydrates, proteins, fats and nucleic acids from simple molecules, through the use of energy. Anabolism is responsible for processes such as growth, repair, and reproduction. On the other hand, catabolism is the process by which large complex molecules are broken down into smaller, simple molecules, with the release of energy. Metabolic processes are carried out by the cell organelles, each organelle has a distinct and crucial function. Every animal cell...
12 Pages(3000 words)Report

Contemporary American Catholic Homiletic Theory and Practice

...Overview of Contemporary American Catholic Homiletic Theory and Practice Luke 4:16-21 The foundation moment in Christian preaching is written in Luke4:16-21, when Jesus went into the synagogue in Nazareth and stood up to read the scroll of the prophet Isaiah “and he begun by saying to them, ‘today this scripture is fulfilled in your hearing’”. (Luke 4:21) Upon the ripening of time, Jesus stood at that moment as the prophetic speaker proclaiming God’s scriptural Word, declaring the fulfillment of the prophecy in Isaiah in his person. He spoke in revelation of the fulfillment of written words to a congregation, laying down the foundation of Christian preaching that has since been the basic implement in the sustenance and propagation...
6 Pages(1500 words)Case Study

Managerial Economics and Business Environment

Once the above said subject matter is clearly sorted out, the next emphasis would be on the concepts like the opportunity costing, incremental principle, marginal principle, discounting principle, the principle of time perspective, and calculation of economic profit as the guidelines to the scope of managerial economics. (Surender. V, 2008).
To start with, we consider a firm for which different processes have to be carried to achieve its objectives of profit maximization (assuming that all the organizations work with the view to maximize profits). If firms from different sectors are identified simultaneously, then the working of the economy as a whole could also be analyzed which in turn is useful in the decision-making proce...
15 Pages(3750 words)Assignment

Company Law Issues

Various sections of the CA are coming into force over a staged process and the relevant provision relating to authority is sections 39 and 40, which came into force on 1 October 2007.

Section 39(1) of the CA provides that “the validity of any act done by a company shall not be called into question on the ground of lack of capacity by reason of anything in the company’s constitution”

Additionally, section 40(1) provides that: “In favor of a person dealing with a company in good faith, the power of the board of directors to bind the company, or authorize others to do so, shall be deemed to be free of any limitation under the company’s constitution”.

Section 40 (2)...
9 Pages(2250 words)Case Study

Contemporary Issues in World of Politics Climate Change Policy

It is more than a particular problem of any specific community. In fact, climate change has a wider global nature compared to other environmental issues and it affects the people of every nation and boundary. Therefore, the issue of climate change has a far wider reach than the other environmental issues and it is an issue concerned with almost all the international communities. It is identifiable that national boundaries may attempt to prevent the movement of people and goods across the boundaries of the nation. However, when it comes to pertinent environmental issues such as climate change, these issues do not stop at borders, making them – some would argue – quintessentially global phenomena. “Climate change i...
6 Pages(1500 words)Case Study

Issues Connected to Human Resources Management

Notably, management professionals would agree, HRM system is an integration of various management practices with ‘people’ at its prime focus (Jackson, Schuler & Werner, 2008); and, the common factor between business organisations and educational institutions is ‘people,’ although their goals differ. This could be one main reason for attempting to implement HRM in educational institutions, although it is customized to organisational benefit.

Halachmi’s (2002a) extensive analysis on performance measurement clearly indicates the need for performance measurement in order to achieve the goals; and, it, in turn, establishes targets aligned to organisational goals and expectations; makes evalu...
8 Pages(2000 words)Assignment

Issues of Moral Philosophy

After the stimulus of the sensation has passed, there will remain a fleeting image or “fading relics of sensation” (Oakeshott, 1981: 249); these fading relics of sensation are called images or ideas. When we become conscious of images, it is called imagination. And when we try to recollect these images it is called memory. Being such, the whole gamut of human experience is made up of his/her entire memories. The succession of images in the mind is called mental discourse and it may be haphazard or regulated. Prudence is the recollection of past memories combined with present experience, thereby allowing human persons to associate, predict or anticipate others or even events. In this sense, prudence is natural wisdom an...
8 Pages(2000 words)Assignment

Contrast of Two Explanations of Social Disorder in Contemporary UK Society

As the process of urbanization takes off and more people start residing in major cities, the fissures start to appear within the apparent harmonious co-existence. There are several reasons why disorderly conduct on part of individuals and groups takes place. Sociologists have proposed numerous theories explaining this phenomenon.

Erving Goffman was an astute observer of society, who immersed himself in the social environment which he was studying. He carefully observed and recorded the ways in which people’s behavior and interpersonal interactions are carried out in everyday life. He notes that “people perform their social roles and, as they do so, they produce social order through their actions and the regu...
6 Pages(1500 words)Article

Introductory Economics and Finance: Why Governments Regulate Firms and Markets

By government regulation, it is meant by the rules administered by a government or government agency to influence any economic activity which determines the price, types, and standards of products, and most importantly the conditions under which the entry and exit of the firms are possible.

Like death, it is impossible to keep away from regulation in about every aspect of daily life. The business regulation may be classified into two- economic and social (Litan). The economic regulation deals with price controls and the entry limits of the firms into markets. The second type regulation mostly deals with externalities (the outside influences of the company or firm which may or may not be decided by them)

Examp...
6 Pages(1500 words)Assignment

HRM Issues and Diversification Strategies of Nucor Corporation

The cyclical nature of the steel industry is too demanding for numerous business owners. Nucor has undeniably come through this business cycle to sustain an affirmative profit edge in each quarter since 1966 (Boyd & Gove, 2000).

In spite of their discouraging entrance in the steel industry, Nucor Corporation has become a benchmark for both the U.S. steel industry and the U.S. industry in general. It is one of the fastest-growing and most resourceful steel producers around the globe. Regardless of the decreasing demand for steel, Nucor’s expansion has been exceptional; the company is among the top producers of steel in the U.S. Without a Research and Development department, Nucor has constantly accomplished techno...
7 Pages(1750 words)Case Study
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 Economics and Contemporary Issues for FREE!

Contact Us