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ertaken major reforms in healthcare through the passing of bills such as the healthcare reform bill in the president Obama’s administration (Scarborough, 2010). However, such major steps can be argued as to have major positive and negative impacts on the economy at large especially due to the fact that this sector has been noted as to account for a the highest government expenditure as compared to other sectors. This essay is a critical evaluation of the economic impacts of the healthcare reform bill.
The US has been classified as one of the developed countries in the world where health care contributes to a significant number of approximately 65% of all personal bankruptcy cases, which are reported (Scarborough, 2010). It is also known to spend much of its financial resources in providing healthcare for its citizens. However, reports show that the management of these resources has been slowed down in the past due to the lack of proper healthcare policies, which would ensure that every individual is covered by a medical insurance policy, in order to facilitate them with proper treatment in cases of sickness and accidents as well as lack of proper guidelines to control insurers from exploiting their clients. Due to this, insurance policy holders find themselves in situations whereby they are forced to dig deeper from their pockets so as to pay for the hospital bills after the insurers pay for small portions instead of clearing all the expenses incurred (Scarborough, 2010). This has resulted to people refraining from acquiring treatment due to lack of finances to take care of the expensive care provided to them. In fact, most of the people have accumulated a lot of debts and from research it is evident that the highest percentage in this group does not continue to seek further medical treatment out of fear that debts would increase.
However, the coming of President Obama into power renewed hope and anticipation among the American communities due to his promise of
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(Economic Impact of Health Care Reform Term Paper)
“Economic Impact of Health Care Reform Term Paper”, n.d. https://studentshare.org/miscellaneous/1565015-economic-impact-of-health-care-reform.
Nursing is a healthcare profession focus mainly on the care of individuals, relations, and communities so they may reach, preserve, or recuperate optimal health and excellence of life from conception to death. Nurses work in a large variety of specialties where they job separately and as part of a team to assess, plan, put into practice and assess care.
A healthcare provision is a costly activity and it therefore requires effective planning and allocation of adequate resources. On the same note, its scope is wide and one that calls for professionalism for effective service delivery. Numerous challenges are realized in the healthcare sector in a bid to reform and promote health among the populations.
The United States health care system comprises of a mixture of private and public sectors and is the most expensive in the world. According to the Organization for Economic Co-operation and Development, U.S. spends nearly 16% of the GDP on health with nearly $7,290 spent per person on health care cost (2009).
Despite all their promises, the witnessed trend so far shows little if any fulfillment of these promises. The steady rise of healthcare costs afflicts many citizens. In addition to that, many people live their lives without health insurance because it is a luxury they cannot afford (Harry, 2010).
The ownership of health care system in the US is dominated by the private sector. The most significant aspect within the organization of the US’s health care system is however the aspect of health insurance. Employers provide health insurance to majority of the US citizens.
In the US, many people with or without health insurance fail to seek care due to factors such as financial difficulties due to the high cost of health care in the country (Brassard, 2013). Even with coverage, the cost of medicines or co-payments is a major deterrent of access to health care.
While the subject was close to Obama's heart during the election campaign, almost an year ago, there have been many ambiguities in it and definite guidelines need to be drawn yet on the actual plan. The above report in NYT, feels that the President is building on others' ideas.
Governments have continually been passing legislations meant to arrest the rising prices of hospitals. Over the last few years, technological advancements including less complicated surgical procedures have lessened the requirement for inpatient care on one side and increasing the inpatient capacity in nearly all the hospitals.
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