HEALTHCARE

National health care spending in the United States



National health care spending in the United States

The level of national health care expenditures

The level of current national Health expenditures reached U.S. $ 2.5 billion in 2009 and spent 17.6% of gross domestic product (GDP). In 2019, health spending expected to pass $ 4,500,000,000,000 and 19.6 percent of GDP (Sensenig, 2007). U.S. has spent more than $ 8,000 per person on health each year, more than any other developed country. Health expenditures are growing two to three times the rate of inflation, putting quality medical care increasingly out of reach of American families.

Whether the spending is not enough or too much

The expenditures are enough but not at the level where the people benefitted, because there are some people, who are still unable to get benefitted from these health services. US government should take measure to make the spending more expand so that many people can get benefitted.

Where the nation should add or cut, and why

There are element which should be cut, or add. For a concrete consideration, of the important elements that have influenced the recent expansion in US health care required to properly manage the health-care expenses. Despite the fact, that there is no conclusive agreement as to what these factors might be, some of the most prominent amongst them discussed below:

Technology and Prescription drugs - One of the most eminent and prevailing factor accountable for the augmentation in the health care expenditure of the US is the up-surging medical technology and prescription drugs. According to the various researchers, the access of costlier and up-to-mark technological advancements in the field of medicine instigates health care expenditures not only because the expansion costs of these products must be recovered by industry but also because they engender purchaser demand for more strong, expensive services even if they are not essentially lucrative.

Chronic diseases - an innate ability of interest to the United States has changed dramatically over the past 100 with a long lifespan and high incidence of chronic diseases. Since this requires greater attention to fitness of the case, advanced flight, especially for current and possible treatment centers, for example, consider the appropriateness of care that the percentage of chronic diseases represents more than 75% the fitness value across the country (Poisal & Sheila, 2007).

An aging population - cost of medical care increases with age and as baby boomers now in middle age, some people very concerned by the finding that treatment of this population to develop an increase in this phenomenon will continue as the baby boom. So, this must be added so as to provide greater advantage to the people living in US.

How the general public's health care needs paid for, such as being financed by various payers, while indicating the percent of total expenditures they represent

Highlights by Sponsor

The share of all health spending in the US by the federal government is projected to increase from 27 percent in 2009 to 31 percent in 2020, a 4 percentage point increase in this ...