Cost Of Health Care Essay

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Healthcare is a continuous process; under which both medical needs and requirements are getting more complicated with time. Additionally, the technological developments and globalization, has revolutionized our current healthcare environment. Therefore, in today’s consumer driven market, it is inevitable to survive without a sufficient healthcare system. However, there are many limiting factors that constraint countries from establishing a sufficient healthcare system. One such country that despite being among the leading developed nations still faces a number of challenges in implementing an effective healthcare system is Unites States, and healthcare expenditure is one of its biggest concern according to Organization for Economic Co-Operation …show more content…
in 2006 was significantly higher then in other industrialized countries, both per capita and as a percentage of gross domestic product (GDP)”, which was approximately 15.3% GDP (Anderson & Squires, 2010, p. 1). In addition, U.S. also was lacking when it came to the number of physicians or healthcare facilities, which are 2.4 per 1,000 population in comparison to other OECD countries (Anderson & Squires, 2010). As a downfall, patients experienced a longer waiting period and a shorter patient-physician interaction time, which negatively affected the quality of healthcare …show more content…
In addition, this technological advances help treating a vast majority of diseases, which were not curable in the past. Furthermore, according to the data obtained in 2006 by OECD, it was found out that U.S. heavily relied on advanced technologies or procedures as opposed to other nations (Anderson & Squires, 2010). For instance, U.S. had the highest rate for percutaneous coronary interventions as a cardiovascular treatment (Anderson & Squires,

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