Over the past few years, US Sates has been facing finance crisis in the healthcare sector. The current budget issues over health care have been politicized, showing a record of fewer than five resources allocated to the health sector over the last thirty years. Research proves that the health care in the State is going through inevitable financial crisis resulting from alleged expenditures by various budget analysts. Growth and increment of Medicare are the found cause of the budget problems in the US (Drucker, 2014). A practical approach to the issue should be considered since the government meets personal healthcare expenses but neglects the healthcare financial crisis. However, the finance crisis in healthcare can be found to result from
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The country is currently spending on health care than on other important issues causing a crisis in the healthcare department. Development and advancement of technology are considered a critical issue on the increase of healthcare expenditures in the country. By simple definition, medical technology is the method, equipment’s and procedures used to deliver medical care (Drucker, 2014). Medical systems, devices used in medical units and operational process are instances of medical technology. As a result of technological advancements, such medical equipment’s are discovered and build more efficient and advanced. Consequently, the costs of operating them as well as devising and purchasing such equipment’s increases causing a rise in the healthcare expenditures. In addition to this, the medical operations such as surgical are complex and challenging such that some require qualified professionals who are few and limited worldwide. Such individuals are expensive to compensate and bring a rise in medical expenditures (Shi, et.al, …show more content…
As as a result of the growth in population demand, the expenses in the healthcare budgets increased in the country (Shi, et.al, 2015). For instance, old people in the country are leading to such crisis such that they demand free medical healthcare and treatment, providing that the old people require more healthcare since they are susceptible to diseases and sickness. In spite of the old people in the country being proven to increase in the country statistically, their health expenses are covered by the government (Shi, et.al,
The country is currently spending on health care than on other important issues causing a crisis in the healthcare department. Development and advancement of technology are considered a critical issue on the increase of healthcare expenditures in the country. By simple definition, medical technology is the method, equipment’s and procedures used to deliver medical care (Drucker, 2014). Medical systems, devices used in medical units and operational process are instances of medical technology. As a result of technological advancements, such medical equipment’s are discovered and build more efficient and advanced. Consequently, the costs of operating them as well as devising and purchasing such equipment’s increases causing a rise in the healthcare expenditures. In addition to this, the medical operations such as surgical are complex and challenging such that some require qualified professionals who are few and limited worldwide. Such individuals are expensive to compensate and bring a rise in medical expenditures (Shi, et.al, …show more content…
As as a result of the growth in population demand, the expenses in the healthcare budgets increased in the country (Shi, et.al, 2015). For instance, old people in the country are leading to such crisis such that they demand free medical healthcare and treatment, providing that the old people require more healthcare since they are susceptible to diseases and sickness. In spite of the old people in the country being proven to increase in the country statistically, their health expenses are covered by the government (Shi, et.al,