19 Sep 2022


Economic Aspects of Healthcare

Format: APA

Academic level: College

Paper type: Coursework

Words: 238

Pages: 1

Downloads: 0

The cost of healthcare for individuals with obesity has become a real cost concern within the United States. Healthcare costs for obesity-related illnesses stood at $190.2 billion inn 2010, which represents 21% of the healthcare expenditure in the United States. This is a staggering figure, showing the seriousness of the concern in the healthcare sector (National League of Cities, 2012). Furthermore, $14 billion was used to cater for childhood obesity concerns directly. Moreover, these costs are expected to rise with an increased number of people becoming obese. Should the obesity rates in 2010 remain constant, it is expected that healthcare expenditure for obesity would rise to $550 billion over the next two decades. As a result, it is clear that obesity is a huge contributor to healthcare costs, solely accounting for one fifth of the entire costs of healthcare in a country that spends a huge amount on healthcare.

Comparatively considering private and public healthcare systems, different advantages and costs present themselves. One such is the claim that the expanding private sector encourages access to healthcare that is more accountable, efficient and economically sustainable compared to services in the public sector. Notwithstanding, the public sector also offers the more equitable and evidence-based practice, which would be a benefit over the private sector. With regards to the cost factor, private care is slightly higher than public care. Nevertheless, studies have shown that while private care is not always more efficient, accountable and sustainable, public care lacks hospitality and timeliness towards their patients (Basu, Andrews, Kishore, Panjabi, & Stuckler, 2012).

It’s time to jumpstart your paper!

Delegate your assignment to our experts and they will do the rest.

Get custom essay


Basu, S., Andrews, J., Kishore, S., Panjabi, R., & Stuckler, D. (2012). Comparative performance of private and public healthcare systems in low-and middle-income countries: a systematic review. PLoS medicine, 9(6) , e1001244.

National League of Cities. (2012). Economic Costs of Obesity . Retrieved from National League of Cities: http://www.healthycommunitieshealthyfuture.org/learn-the-facts/economic-costs-of-obesity/

Cite this page

Select style:


StudyBounty. (2023, September 14). Economic Aspects of Healthcare.


Related essays

We post free essay examples for college on a regular basis. Stay in the know!

17 Oct 2023

The Impact of European Colonization on Developing Nations' Politics and Economy

The European powers had at one time dominated most of the developing nations in the hope of achieving political, social, religious, and economic supremacy. These colonial powers instituted political and economic...

Words: 685

Pages: 2

Views: 146

17 Sep 2023

Nordstrom Inc. Investment Opportunity Proposal

Description of the Investment Project Nordstrom lags on African fashion. The popularity of Afro beats, the Black Lives Matter movement and African music in both Europe and Canada provide an opportunity for...

Words: 2105

Pages: 8

Views: 153

17 Sep 2023

How Tariffs Can Impact Demand and Supply

Introduction In an article “President Trump Signs Tariff Order on Metals With Wiggle Room for Allies’ give an account of a push by trump to have a 25% tariff on the importation of steel and 10% tariff on the...

Words: 987

Pages: 3

Views: 90

17 Sep 2023

Technology in the Global Economy

In the past few years, the globalization has escalated considerably due to technological advance and applications. Due to technology, the world has become a village. For instance, in the transport market, vehicles...

Words: 552

Pages: 2

Views: 87

17 Sep 2023

The Financial Collapse of 2008/2009

What was the event? The event that was selected for this report is the financial crisis occurring between 2008 and 2009, which is otherwise described as the global financial crisis attributed to its underlying...

Words: 829

Pages: 3

Views: 145

17 Sep 2023

Capital Flow and Currency Crises

Contagion is the spreading of the market disturbances from a particular country to others, a case observable through movements in the capital flows, stock prices, exchange rates, and sovereign spreads. Contagion is...

Words: 331

Pages: 1

Views: 72


Running out of time?

Entrust your assignment to proficient writers and receive TOP-quality paper before the deadline is over.