Healthcare Spending

In: Other Topics

Submitted By amehan1
Words 1596
Pages 7
National Health Care Spending Health care is something that is always going to be around because it is needed by all entities. Due to affordability it is not available to all which is a growing issue. Many people try to find the most affordable health care insurance, but sometimes economic hardships do not allow for people to get insured or remain insured; therefore leaving many people without health care insurance. The government has tried to help many people by providing those who qualify with Medicaid and Medical but those who don’t qualify are still left uninsured and with the burden of overwhelming medical bills. Even though health care is at times unaffordable it is still an entity that is used by all people. Often time’s people cannot afford to pay for health care expenses or health care insurance, therefore leaving many people with massive health care bills. In the United States, which has both a high level of health care spending per capita and a relatively high rate of real growth in spending, the share of GDP devoted to health care spending grew from 9% of GDP in 1980 to 16% of GDP in 2008. This 7 percentage-point increase in health care spending as a share of GDP is one of the largest across the Organization for Economic Co-operation and Development OECD.

Current Level of National Healthcare Spending The predictability of health care cost has recognized for years by citizens, businesses, and government agencies such as the Centers for Medicare and Medicaid Services (CMS), the Bureau of Labor Statistics, U.S. Census Bureau, and the National Center for Health Statistics, to name a few. The level of health care spending is little to nothing among the citizens and businesses. The number of uninsured is enormous and most of the citizens that are insured are covered by Medicare and Medicaid. The cost of health care is ridiculously high and rising and…...

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