For a majority of enrollees with lower incomes, the federal subsidies make the premiums more affordable. For those even closer to the poverty line, they can receive additional subsidies that reduce the deductibles even more. But for many middle class families that earn an average income of $97,000 for a family of four, the health coverage premiums and deductibles have sky-rocketed (Luhby). This is causing a huge amount of Americans opting to stay uninsured, rather than spend thousands a year. According to a Kaiser study, 46% of uninsured adults tried to get coverage but did not because it was too expensive (Luhby, 2017).
According to the Kaiser Family Foundation, preventive health care save lives and improve health by identifying illnesses earlier, managing and treating them more effectively before the condition can progress1. Under the ACA, 15 preventive services and one wellness visit are fully covered by the majority of the insurance plans without copays and coinsurance. Free preventive health care has had a direct effect on the health care costs in the U.S. Many Americans wait to see a doctor until they get sick due to cost2. However, by making preventive health care services free it helps Americans live longer, healthier lives and keeping health care costs down.
One of those particular circumstances is to have some manner of price control on prescription drugs. Price control is already in effect in several countries, these countries can accommodate price control because they can still make money from the regulated costs allowing for these companies to be able to cover the cost of making the low medications. A study was conducted by Dean-Baker, co-director of the Center for Economic and Policy Research, his results show " ...calculated that drug price controls could save Medicare between $24.8 and $58.3 billion annually. On the other hand, less revenue to pharmaceutical companies means less money devoted to research and development. A separate study, published in Managerial and Decision Economics in 2007, estimated that cutting prices by 40 to 50 percent in the U.S. will lead to between 30 and 60 percent fewer R&D projects being undertaken.
On the contrary, the global health expenditure average is 8% of the GDP (Financing Health Care). The health outcomes have been exceptionally good considering the low amounts pumped in for healthcare. Singapore’s system is the least imperfect in the world according to Mr Jeremy Lin, head of Oliver Wyman & Co’s Asia Pacific health and life sciences practice. The healthcare cost has risen lesser compared to that of other countries such as Hong Kong. The government has healthcare expenditure to accommodate the ageing population (Singapore tops in global healthcare efficiency ranking: Survey).
One of these countries that have a single-payer health care system is Canada; who spends half as much per capita on health care as the U.S (“Right to Health Care”, ProCon.Org). Canada isn’t the only country that manages to spend less of their GDP on health care than what the United States uses from theirs. Not only do these countries spend less money than the U.S, but they also perform better than them in the medical department according to the standard public-health
Research on the concept of presenteeism has shown that the lost productivity associated with presenteeism is costlier than a worker staying home for a day due to illness; estimating the costs of presenteeism to be over $150 billion in lost productivity annually in the United States (Hemp, 2004). Although factors that affect presenteeism are similar across industries, research related to the concept of presenteeism has found that teachers, nursing aids, and nurses report presenteeism rates greater than any other profession (Rainbow & Steege, 2017, p. 616). As it relates to nursing, not only does presenteeism negatively affect a nurse’s well-being but presenteeism can also impact patient outcomes. Rainbow and Steege (2017) identify medication errors, patient falls, and missed nursing care as negative patient consequences due to presenteeism in nursing (p. 621). Moreover, if the nurse is acutely ill, there is the risk of transmitting a virus to an already ill patient.
The real debate is how can we accomplish the goal of universal healthcare in the most affordable and sustainable way. The United States is evaluated as a wealthy country, yet there are more penurious countries who provide health maintenance, paid through higher taxes. “In the United Kingdom and other European countries, payroll taxes average 37% - much higher than the 15.3% payroll taxes paid by the average US worker” (Gregory). With this data, the only reform would be to end the private health insurance companies of dominant health services, and incorporate a single payer system. Conversely, it is factual that taxes will rise, but the implementation of universal healthcare will better the health of American citizens.
Numerous reports and studies found that marijuana is useful in treating certain diseases such as multiple sclerosis, cancer, and AIDS. Marijuana can replace other medicines too, and it is less harmful than any other medicine used to treat ill patients. The second pro of legalizing drug is it may decrease the government’s cost and increase the tax revenues. Based on the economy nowadays, most of the governments are struggling with the issue of low revenue yet high cost. In a study for the Cato Institute in 27th of September in 2010, Jeffrey A. Miron, senior lecturer on economics at Harvard University and a senior fellow at Cato, and Katherine Waldock, professor of economics at New York University, estimates that legalizing drugs would save the government expenses approximately $41.3 billion annually.
Valerie Benavidez Professor Stewart ENC 1101 15 November 2015 The Healthcare Crisis in the States Today, many Americans struggle to obtain minimum, let alone full healthcare coverage. The cost of healthcare has sky rocketed over the years and has become less affordable for thousands of people across the U.S. The number of uninsured Americans is at an all-time high. The Affordable Care Act (ACA) makes perfect sense, economically, because it eases rising costs, has been more successful at previous attempts of reform, and provides a better healthcare system overall, compared to the initial medical care system we use today. There are many factors that led up to the reasons why healthcare costs have risen so rapidly, but one of the main reasons
Before the tax, “Rising consumption of sugary drinks has been a major contributor to the obesity epidemic”. Overall the united states struggles tremendously with obesity and other medical conditions, A study that followed 40,000 men for two decades found that those who averaged one can of a sugary beverage per day had a 20% higher risk of having a heart attack or dying from a heart attack than men who rarely consumed sugary drink” (Sugary Drinks and Obesity Fact Sheet, 2015), as well as, “A 22-year study of 80,000 women found that those who consumed a can a day of sugary drink had a 75% higher risk of gout than women who rarely had such drinks. Researchers found a similarly-elevated risk in men” (Sugary Drinks and Obesity Fact Sheet, 2015). Lowering the consumption will help prevent stop underlying health conditions caused by ingredients in the sugary drinks such as, caloric sugar-based sweetener, sucrose, glucose, or high fructose corn syrup, “Studies in children and adults have found that reducing sugary drink consumption can lead to better weight control among those who are initially overweight” (The Nutrition Source,
Sometimes, if the lower income family does have insurance, it does not cover the evaluations and they are very expensive for out of pocket payment. Currently, in some states there are very limited options for people who have Medicaid for their primary insurance. If a psychologist does take Medicaid, the waiting list can be months, even years. It has been established that if a state has better reimbursement schedules, then treatment is more readily available. With the opposite being true with lower reimbursement rates (Thomas, Parish, Rose, & Kilany, 2012).
Next, Eisenhower cites the poor condition of the current highways. He claims that the highway conditions increase the cost of using a vehicle by one cent per mile. Considering that in 2015, on average, most Americans drive 12,000 miles per year , saving an extra penny for each of those miles every year would make a significant impact. Eisenhower stated that poor highway conditions cost the United States 5 billion dollars per year, and that those costs were suffered not just by the individual driver, but by the entire nation, through transportation costs in the distribution of goods. Eisenhower states,