America’s health crisis has in the past years created a big headache for many citizens due to the present insufficiency. Its deep rootedness nature has caused many lives suffer lots of pain with high mortality rates painting the major records in the health centers (Barlett, 2004). It begs to question, why are people paying so much for the scheme? Why does the country spend nearly 20% of its Gross Domestic Product in the health sector which almost twice the spending of other developed nations, with same standards and service provision? Why spend more on health compared to highest eight spending countries summed up? More and more questions continue to revolve the health portfolio which is yet to be adequately addressed due to a lengthy negligence level which government follows a rule for the protection of its people.
Certain aspects have emanated as the core reasons of the relapse in the health sector. The central element being the cost factor which has significantly impacted the nation’s medical care on a detrimental level in comparison to its benefits. The segment is surrounded by buyers and sellers who have a little understanding with no ability to negotiate. Historically, Medical care was in portfolio portions that could not do anything. Its capacity was low due to little sensitization of its mandate which first attracted few individuals. The shares were cheap at that time whereby people spent only $5 on the health care per year compared to today’s spending that is equivalent to $100-twenty times more (Angel, 2006). Health insurance did not have any significant meaning to the society with $5 spending which was cheap compared to the coverage annually. The advancement of in medical technology led to the construction of better health care facilities which marked the beginning of high costs services in hospital from the 1940s.
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The health sector market composing of 2.8 trillion has been bound by handcuffs that have enhanced the prevailing of the current problem (Barlett, 2004). Hospitals and health care providers continue to offer services at prices that often don’t bear a relationship with costs. They regularly charge what they want because it's usually a life-and-death issue and it’s a must we pay. Nevertheless, people with medical insurance have a little relationship with its benefits upon which medical bills are struggled to be paid with a survey done by the Starling census data (Goozner, 2004) . Further statistics indicate that one out five families with health insurance struggle with bills they cannot afford to pay in full. The disparity gap leads to a financial risk for a greater portion of the society where many ends up unattended succumb to the illness due to cost issues.
Its recognition as the fertile issue still on the ground continues to pave the way for an educational reformation of policies and guidelines within the health area by the government. Some factors have significantly attributed to the high cost per capita in the health portfolio. The most influential element entails the use of new technologies and drugs (Regenstreif, 2005) . Technology over the years has significantly boosted service provision in the medical world, with machines used enhancing various programs and lives of individuals. On the other hand, chronic illness gets a chance to be appropriately treated. Nevertheless, the central aspect of cost has not gone down but elevated to worrying levels. Ordinary citizens continue to carry the burden of their ancestors which is passed to future generations in the form of a repeat cycle. It’s high time that various mechanisms be set aside to create a way whereby the country’s technological advancement will not bring about increase the price of medical drugs and service.
Also, the overuse of the specialty care has played a fundamental role in enhancing the health crisis. Currently, there is an increased demand for specialists as compared to primary care access given by the physician. The care is often more expensive with experts imposing higher fee charges with more thorough testing is done compared to those of primary care physicians. The price forces many Americans to dig deeper into torn empty pockets to undergo proper medical assistance and attention (Kurnik, 2017). State government continues to emphasize on its significant role of looking out its people to afford healthcare. Also, the examination and treatment of a patient that could have been done by a solitary primary care physician necessitate more specialists to confirm the tests accurately (Trivedi, 2017). It further imposes new budgets which have progressively enhance the deterioration levels in the health sector.
High administrative and physician fee continue to raise the cost of care in the country. The imposition of the high administrative fee has been influenced by the high government taxation levels. Medical centers end up imposing high prices of the medical services within the facilities which have substantially made poor people fail to access optimal medical care. It leads to making medical clinics business oriented that fail to provide optimal health care services (Trivedi, 2017). On the other hand Doctor’s consolation fee has progressively risen in its amount due to a high cost of living. Health being an important concept in America creates a scenario where the today’s currency hold a small value in meeting the day to day needs. The government needs to formulate a way in which will facilitate the curbing of the financial crisis which directly affects the cost of living of the country. It will significantly improve health sector reforms.
Nevertheless, the ever-changing position of inflation and rates of wages has negatively affected the health standards. Inflation has brought about high energy cost leading to a rise in the care cost in the country. Medical centers enormously charge high prices which have led to a thriving hub of medical cartels. Most of which are handled by incompetent people have led to the many deaths of individuals. It continues to deteriorate the health sector of the nation. There is a need for arresting the proprietors of those dangerous activities (Goozner, 2004). Salaries and wages make up the smallest share of the proportion of the gross domestic product, but with current trends of inflation rates, a reserve in the rise of salaries continues to retain a small level of capacity. Workers benefit no longer kept pace with inflation. In 2003 the hourly wage rate declined by two percent after inflation adjusted. The rise in health insurance premiums creates a huge void for Americans to access health services at affordable levels better.
Today, health care spending accommodates about 15 percent of the nation’s gross domestic product. Future projections indicate it will further increase to 25 percent by 2030. Over the past seven years, America has spent $5,000 on health for every individual, which is twice the average within the Organization for Economic Co-operation and Development (OECD). Research indicates the value was around ten times more compared to the lowest-spending countries of the OECD community such as Turkey. The annual premium for the past six years has doubled causing health insurers charge employers a health plan cover of a family of four averages $12000 It might be said costs have been curbing profits down: But it’s not the case (Regenstreif, 2005) . Time for awakening has reached to create a new America.
Its actual company owners are hit with enormous problems when the issue of cost arises. On the other side, managers are forced to lay off thousands when economic crisis abound, and they use over $1,700 in health premiums which pay out for each car produced as leverage against the remaining staff. Over the years, inflation and corporate profits per worker have doubled while workers’ wages are lowering. Besides, workers contributing $ 3,281 for the annual family premium, they are also burdened by the costs of deductibles and the out-of-pocket expenses, which are gradually growing (Mahdzir, Zainuddin, Puteh, 2012). Solutions such as adopting the universal health care system would significantly impact America’s health standards. Equality among people would be sustained with the harmonization of society classes as everyone would benefit from the program. It will progressively reduce mortality rates in the country, as young, energetic lives get to wake up and earn money which improves the country’s Gross Domestic Product. Health standards promote reformation substantially in services enables proper treatment of patients with excellent service delivery
In conclusion, it’s clearly indicated that America needs to accurately formulate solutions that are sustainable in the appropriate reformation of the health crisis in America. Additionally, the issue of cost needs to be appropriately addressed to the parliamentary committee to facilitate the establishment of sustainable solutions. Americans need to enjoy health care services similar to countries where universal health care is upheld. It’s a matter saving the future generations from today’s health crisis which will positively impact sustainable growth. Life is more meaningful and altering the current health problems would keep the United States from collapsing its medical standards. Time for actions rather than cheap talk has come with more emphasis on reducing medical costs being imposed. The federal regulatory system needs to lower living cost to minimize the burden many faces in getting hospital services.
References
Angel, R. L. (2006). Poor families in America’s health care crisis . Cambridge: Cambridge University Press.
Barlett, D. L. (2004). Critical condition: how health care in America became big business-- and bad medicine . New York: Doubleday.
Goozner, M. (2004). The $800 million pill: the truth behind the cost of new drugs . Berkeley: University of California Press.
Kurnik, F. (2017). The shocking truth about medical malpractice. referralMD . Retrieved from https://getreferralmd.com/2015/03/the-shocking-truth-about-medical-malpractice/.
Mahdzir, N. M., Zainuddin, I. E., Puteh, S. E. W. (2012). Healthcare inequalities: The United States vs. India. International Journal of Public Health Research, 2 (2), 177-183.
Regenstreif, D. I. (2005). Medicares Cost Crisis: Solutions Are Within Our Grasp. Health Affairs . Retrieved from http://content.healthaffairs.org/content/early/2005/09/26/hlthaff.w5.r90.full.pdf+html.
Trivedi, A. (2017). Causes of high health care costs. Merck Sharp & Dohme Corp. Retrieved from http://www.merckmanuals.com/professional/special-subjects/financial-issues-in-health-care/causes-of-high-health-care-costs.
