Eco 379 Week 2 Health Care Paper
April 30, 2015
Where is the US Healthcare Heading To?
The health care system in the United States has been a contentious issue in the last decade. The rising costs and unsustainability in the system has resulted in much higher costs of health care, and yet the life expectancy is lower than most countries like Canada, Germany, and Japan (Wallace 2013). The US has the highest healthcare costs in the world, and it is estimated that about fourteen percent of health care administrative costs (about 91 billion) are wasted annually due to the inefficiency and redundancy in health administration practices (Mukau 2009). What are some implementations in the U.S. healthcare system that could potentially lower the cost of health insurance while delivering the highest quality healthcare at rates that people could afford? The introduction of the Affordable Care Act (ACA) has implemented several health care reforms that aim to expand coverage and increase health care access. The establishment of the Obama Care (ACA) has lowered the percentage of uninsured Americans, and reduced the costs of health care for many, but not all Americans. In order to improve the affordability and effectiveness of the health care system for millions of Americans, the competition between exchanges need to be …show more content…
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