Give your opinion of the rising cost of health care’s overall impact on the U.S. economy
It is more expensive for individuals, families and employers to have health care coverage because of the rising cost. Spending on the use of new technologies, treatment, and high cost for medical services. There has also been a high cost on local, federal and state government which led to high cost on to medical and Medicaid. This spending of health care has affected the economy and now people have to choose between a need for health care of the need to have shelter, food, or not having sufficient funding. Health care spending is moving faster than the economy is growing. High health care rising cost is causing the government to re-examine eligibility for public health and rising taxes on the consumers is leading to reduce investments. The U.S. will not be able to compete in the economic global market. These rising cost in health care will affect business, house wholes, providers, employees, health status, income levels, age, and increase premiums. (Rising Health Care Costs ) http://www.ahip.org/Issues/Rising-Health-Care-Costs.aspx “Health plans are playing a vital role in reducing the cost of care and improving value…” - Karen Ignagni, President & CEO, America's Health Insurance Plans Health Plan Innovations in Delivery System Reforms, American Journal of Managed Care
Compared and contrasted at least two (2) areas of the economy that the new health care act impacts. Small business and middle class families are two areas that the new health care act will impact. It used to be the economic strength in the U.S. was the small business owner. Small business has been strength to the economic by bring diversified groups opportunities of people to the workforce. Small business bring products have that are innovative to the services market. Small business has been able to create new jobs for the economic. However since the housing bubble in 2007 and 2008...
Please join StudyMode to read the full document