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is rapidly increasing and make recommendations towards achieving sustainability in cost. Every American, rich or poor, is barely struggling to pay for health care services with the current high costs. The…
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Download file to see previous pages This figure is day in day out increasing tremendously. Technically, this is a punishment to the people living in USA and the nation at large. If no action is taken, these will mean that most working families will have to choice between health care and basic needs. Businesses will gradually no longer compete globally dues to enormous expenses in wages and retiree covers. In addition, the government will be forced to allocate fewer funds to other important areas such as education and infrastructure to meet health care expenditures.
The major causes of the inclined cost include the aging of populations, development of new treatments, new costly prescription drugs, incentives, unhealthy lifestyles, and third-party payors, such as, insurance companies and governments. Although the patient is the financier of the health care system, he or she barely has a say on the cost of services they need. Generally, the current fee-for-service system pays the hospitals and service providers for services rather than quality of services which has led to provision of more services and procedures raising its cost. Moving from fee-for-services to bundle payment when accessing health care is a proposal strongly recommended in this pay. In addition, more recommendation include coming up with a comprehensive service unit, eliminating unnecessary procedures, Building a comprehensive information technology platform, Allocating services at locations where their valued highest and measuring outcome against cost.
With the current health care situation in the USA, cost of accessing health care services is projected to increase by 70 percent or more in a period of ten years (Kaplan & Poter, 2011). This will continue to increase where by most of personal income will be consumed by health care. To those already retired, employed, and the young population, this means a considerably vast ...Download file to see next pagesRead More
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