Health Care Spending Paper

1186 Words Jul 22nd, 2014 5 Pages
Health Care Spending Paper

HCS 440
October 30, 2013

Health Care Spending Paper
In the United States about 44 million people do not have health insurance. 38 million Americans have inadequate health coverage (PBS). The level of current national health care expenditures increases every year. Is this spending on health care too much or not enough? Where the United States should add or cut from, and why. How the public’s health care is paid for and who pays.
The current level of expenditures of the nation’s health care is presently at $2.1 trillion. This translates to $7,026 per person, and 16% of the Gross Domestic Product (ajronline.org, 2008). Hospital spending accounts for 31%, which is over the national health care expenditures.
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Medicare receives 4.4 million claims each day. For the fiscal year ending September 30, 2008 Medicare received $10 billion in claims (wsj.com, 2012). There needs to be stronger laws made to keep hospitals and physicians from receiving money through fraudulent claims to Medicare and Medicaid. The laws that are already in place need to be enforced to help bring an end to this fraud. This will help lower the high cost of health care.
If the current health care expenditures keep on growing the dream of affordable health care will cease to exist leaving the nation to decide what needs to added or cut to make health care more affordable. The nation needs to me moving toward a health care system that provides incentives to doctors and hospitals to give the patients the proper care; rather they provide care that results in more testing and longer stays in the hospital (Orszag, 2009). Cut backs with time of hospital stays, unproven treatments, unnecessary tests, and overpriced drugs could help lower the $2 trillion spent on health care. The United States consumes more per capita, and has the highest percentage of Gross Domestic Products on health care than any other country (Family, 2009).
Payment of the public’s health insurance is made by both public and private insurance companies, with $2.6 trillion distributed in 2010 which is 10 times more than the $256 million spent in 1980 (kaiseredu.org, 2011). Individuals that are 65 and older qualify for Medicare,

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