The cost of health care in the U.S is considered the highest in the world today. While excellent medical care is available in the United States, health care economics and the service delivery system present many challenges for the consumer and practitioner similarly. Throughout the world, the United States has many people swimming in debt because of the cost of healthcare. Healthcare spending has increased by 933.5 billion between 1995 and 2014.Concerns over health care cost are an issue that is rising over U. S. citizens every day. “Their concerns, wide and varied, include: being wipe out financially by a catastrophic illness, losing employer-provided coverage due to a job loss, keeping up with escalating co-pays and deductibles, and paying
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Hospital facilities have the largest cost in management and utilities in daily operation causing physicians to perform unnecessary producers and provide funds however, to maintain expenses. The spending increase is due to price and intensity of these conditions as they rise every year. Similarly, ambulatory care, meaning ER and outpatient services also increased costs of healthcare in the United States. Demographically, this increase reached to 706.4 billion dollars as of 2014, which the highest the increase has ever reached in the United States. Another reason for rapid cost in health care is burgeoning hospital construction. “As more countries try to provide American-style care, the number of hospital beds around the globe has begun to grow rapidly.” Health experts have found that the United States struggles to keep up with other countries when it comes to …show more content…
As people begin to retire, the cost of healthcare will presumably go up. This is because many elderly people require severe care to keep themselves alive. For example, my grandfather has five different doctors for his diabetes, and heart disease and has been to the hospital at least 7 times this year. When people begin to age, they are more susceptible to obtain more diseases. The elderly population’s rapid size increase to a change in the leading cause of death from infections to chronic noncommunicable diseases, which increased life expectancy. These chronic conditions may include hypertension, arthritis, diabetes, heart disease, cancer, dementia, and congestive heart failure. Heart disease, stroke, and cancer have been the leading chronic conditions that have had the greatest impact on the aging population, especially in high-income countries. In addition, the incidences of obesity and falls are increasing. Managing these chronic conditions, along with a patient’s level of disability, will increase the financial demands on our health care system. The cost increases with the number of chronic conditions being treated, considering the expected twice as many hospital admissions and physician visits. Also, American’s do not live as long as people that live in economically advanced countries. The 2014 life expectancy for an American is estimated at 79 years old. Compared to other countries, Japan ranks at 84 years old,
Hospital facilities have the largest cost in management and utilities in daily operation causing physicians to perform unnecessary producers and provide funds however, to maintain expenses. The spending increase is due to price and intensity of these conditions as they rise every year. Similarly, ambulatory care, meaning ER and outpatient services also increased costs of healthcare in the United States. Demographically, this increase reached to 706.4 billion dollars as of 2014, which the highest the increase has ever reached in the United States. Another reason for rapid cost in health care is burgeoning hospital construction. “As more countries try to provide American-style care, the number of hospital beds around the globe has begun to grow rapidly.” Health experts have found that the United States struggles to keep up with other countries when it comes to …show more content…
As people begin to retire, the cost of healthcare will presumably go up. This is because many elderly people require severe care to keep themselves alive. For example, my grandfather has five different doctors for his diabetes, and heart disease and has been to the hospital at least 7 times this year. When people begin to age, they are more susceptible to obtain more diseases. The elderly population’s rapid size increase to a change in the leading cause of death from infections to chronic noncommunicable diseases, which increased life expectancy. These chronic conditions may include hypertension, arthritis, diabetes, heart disease, cancer, dementia, and congestive heart failure. Heart disease, stroke, and cancer have been the leading chronic conditions that have had the greatest impact on the aging population, especially in high-income countries. In addition, the incidences of obesity and falls are increasing. Managing these chronic conditions, along with a patient’s level of disability, will increase the financial demands on our health care system. The cost increases with the number of chronic conditions being treated, considering the expected twice as many hospital admissions and physician visits. Also, American’s do not live as long as people that live in economically advanced countries. The 2014 life expectancy for an American is estimated at 79 years old. Compared to other countries, Japan ranks at 84 years old,