Healthcare in the United States a Social Problem - Essay Example

The total nationalized health expenditures have arisen to 6.9 % in the fiscal year of 2007-2008 that is two times the inflation rate of U.S. economy. In 2007-08, the totality expenditure on the health care was estimated at a hefty sum of $2.3 trillion i.e. $7600/individual. The Total health care expenditure comprises of approx. 17 % of the gross domestic product (GDP) of United States of America. As per the various studies conducted by the experts, it has been anticipated that by the year 2016, the U.S. health care expenditure will boost up at the related levels for the subsequent decade attaining at least the $4.

2 trillion which would be the over 21% of the United States future GDP. During the fiscal year 2007-08, the employer health insurance premiums augmented up to 6.1 % which is double of the inflation rate. The yearly premium cost for an employer health plan usually covering a family unit of four person’s averages near $12,100. The annual premium for the sole coverage is approximately more than $4,600. According to the experts the health care system of U.S. is puzzled with the in-efficient system, too much administrative operating expense, exaggerated costs, deprived management and unsuitable concern, misuse and deceptions.

All these problems drastically amplify the cost of therapeutic care and health insurance for the company & staff and also influence the protection chances of their families. Health care in the United States is in catastrophe condition. The prosperous country on globe pays out 1/7 of its capital on health care and still leaves approximate 18 % of its population uninsured. The old aged people are often required to opt between foodstuff and pharmaceuticals. Several have deserted bio-medicine overall for the Complementary and substitute medications utilized by a lot of Americans in the previous centuries.

According to the IOM {Institute of Medicine of the National Academy of Sciences}, the United States is the lone