Health Care Spending
Health Care Spending
My position on national health care spending is way too much monies is going out and not enough people supporting the problem. A universal health care plan for every man, woman, and child who resides in the United States is the most economical way to achieve this goal. All working citizens must have monies automatically taken out of their paychecks and if you can afford more than the basic plan, then there will be plans available that you can upgrade to like Aflac. No matter how poor or how rich you are, everyone has the basic plan and everyone contributes to that plan. In this paper we will discuss the current level of national health care expenditures, the level of spending, where the nation should cut, and how the general public’s needs are being paid by, to finally doing some forecasting of future economic needs.
At a NCSL Legislative Summit in August, 2013 it was noted that America spends, on average, nearly $9,000 per person on health care each year. The cost to the nation is $2.8 trillion, almost 18 percent of the GDP. The GDP is projected to be at 19.6 percent by 2021 (National Conference of State Legislation, 2013). In the projected years of 2011-2021 Medicare is expected to have a growth of 6.1% per year average over these years, Medicaid growth is expected to be 8.2% per year, private spending average per year 5.3%. By 2021, federal, state, and local government health care spending is projected to be nearly 50 percent of the national health expenditures, up from 46 percent in 2011, with federal spending accounting for about two-thirds of the government share (Centers for Medicare and Medicaid Services, 2013).
One of the current issues is that of are we spending too much or too little on health care. The issue is not how much health care people are using but the fact that the American people are paying too much for it. I feel that health care in the United States is a commodity not a good that is used for the
My position on national health care spending is way too much monies is going out and not enough people supporting the problem. A universal health care plan for every man, woman, and child who resides in the United States is the most economical way to achieve this goal. All working citizens must have monies automatically taken out of their paychecks and if you can afford more than the basic plan, then there will be plans available that you can upgrade to like Aflac. No matter how poor or how rich you are, everyone has the basic plan and everyone contributes to that plan. In this paper we will discuss the current level of national health care expenditures, the level of spending, where the nation should cut, and how the general public’s needs are being paid by, to finally doing some forecasting of future economic needs.
At a NCSL Legislative Summit in August, 2013 it was noted that America spends, on average, nearly $9,000 per person on health care each year. The cost to the nation is $2.8 trillion, almost 18 percent of the GDP. The GDP is projected to be at 19.6 percent by 2021 (National Conference of State Legislation, 2013). In the projected years of 2011-2021 Medicare is expected to have a growth of 6.1% per year average over these years, Medicaid growth is expected to be 8.2% per year, private spending average per year 5.3%. By 2021, federal, state, and local government health care spending is projected to be nearly 50 percent of the national health expenditures, up from 46 percent in 2011, with federal spending accounting for about two-thirds of the government share (Centers for Medicare and Medicaid Services, 2013).
One of the current issues is that of are we spending too much or too little on health care. The issue is not how much health care people are using but the fact that the American people are paying too much for it. I feel that health care in the United States is a commodity not a good that is used for the
References: Centers for Medicare and Medicaid Services. (2013). NHE Fact Sheet. Retrieved from http://www.cms.gov/Research-Statistics-Data-and-Systems/Statictics-... Fogel, R. (2009). Forecasting the Cost of U.S. Healthcare. Retrieved from http://american.com/archive/2009/september/forecasting-the-cost-of-u-... Gengler, A (2011). The future of your health care. Retrieved from http://money.cnn.com/2011/04/20/pf/future_of_healthcare.moneymag/index.htmalth-finance-issues.aspx Huckabee, M. (2006, July). A Vision For A Healthier America: What The States Can Do. Health Affairs, 25(4), 1005-1008. National Conference of State Legislation. (2013). Health Finance Issues. Retrieved from http://www.ncls.org/issues-research/health/he