August 7, 2012
St. John Sturton
Health Care Spending Paper
In Today’s paper, I will explain my position on National Health Care spending in the United States. My paper will include the level of current national health care expenditures. Whether or not the spending is too much or not enough. Whether the nation should add or cut, and why. How the public’s health care needs are paid and financed. I will also indicate the percent of total expenditures they represent. Provide a forecast for future economic needs of the health care system. Forecast why needs must be addressed. I will discuss the envisions that are needed for finances. The Level of National Health Care Expenditure
Health expenditures in the United States were around $2.6 trillion in 2010.This was over ten times the $256 billion spent in 1980. (Expenditures Data, January 2012.) The rate of growth in recent years has slowed down in the late 1990s and early 2000s. The forecast predicts it will grow faster than national income for future. (Health care spending, 2008). This growing burden continues to be a major policy priority. The United States has been in a recession for much of the past decade, resulting in higher unemployment and lower incomes for many Americans. These conditions have put even more attention on health spending and affordability’s. (Expenditures Data, January 2012.) In the year of 2001, employer-sponsored health coverage for family premiums have increased by 113%, placing increasing cost burdens on employers and workers. (Annual Survey, September 2011.) In the public sector, Medicare covers the elderly and people with disabilities, and Medicaid provides coverage to low-income families. Enrollment has grown in Medicare with the aging of the baby boomers and in Medicaid due to the recession. (Expenditures Data, January 2012.) This means that total government spending has increased considerably, straining...