Families will be affected on labor supply, total savings, and expenditure. As these health issues emerge it will consume much more of Medicare 's budget. The medicare program covers nearly 50 million elderly. The aging population will also have an impact on the economy. First, more people will be claiming pension benefits.
As the number of older Canadians increases, there will be a major financial and labour strain on the Canadian public health care system which will require increased government funding and social programs geared towards elder care. There are a number of areas of care that elderly citizens require that are not fully covered by the public health care system. As the population ages their naturally declining health increases their need for such things as prescription drugs, home care, long-term care and end-of-life care. With such a large number of the population expected to require these services over the coming decades, new programs will need to be developed and funded to meet these needs. The strain on the labour force will be seen in two ways.
There are many patient safety concerns in today’s healthcare system. One that is not on the forefront, but is still a prevalent and concerning issue, is lack of infection control in outpatient or ambulatory settings. Since there has been a large transition of care from the hospital setting to an ambulatory setting, there is a necessity to improve infection control secondary to patient notifications and outbreaks within the past years1. Ambulatory settings include all outpatient clinics. An example is an ambulatory surgical center ASC), which increased in numbers by 50% from 2001 to 20082.
About 62% of all individual bankruptcies are related to medical expenses. U.S health care spending is financed by a mixture of households, the federal government, businesses, state and local governments, and other private sources. This has increased the number of people with poor public health and has raised the overall amount of money spent on health care. The study also showed that without universal healthcare it would spark a chain of events that makes people insufficient to have the ability to participate in the political, social, and economic life of society. This would cause the country to decline slowly as one of the richest and strongest
Major Healthcare reforms have been established in the past half a century despite the above-list challenging factors. The reform focused on coverage on millions of American citizens through Children Health Insurance Programs, Medicare and Medicaid. Between 1934 and 1939, there was the National Health Insurance New Deal. This period was characterized with growing income inequality with unemployment standing at 25% of the total population (Starr, 2013). There prevailed increased levels of unpaid medical bills with the poor being assisted by welfare agencies to sort out their medical bills.
Medicare is complex for many people because of the different types of coverage. According to Centers for Medicare and Medicaid Services (n.d), people with medicare have a chance to review their coverage and change their plans each year. I agree, even though supplemental insurance can be quite expensive, it can be helpful and useful in the long run. Supplemental insurance can pay the potentially high deductibles and uncovered medical expenses of medicare.
Though the average life expectancies have continued to increase since the creation of the baby boom generation, those who live longer lives will most likely be burdened with the constantly increasing cost of healthcare in the United States. More money required to be paid to healthcare for the betterment of older life means less money that can be dedicated to lifestyle choices like foods, living arrangements, etc.. With the baby boomers reaching retirement age, the social security fund will most likely decrease and may be expected to go bankrupt by the sheer amount of people to retire in upcoming
Health care fraud has been a growing matter for some time now. Health care fraud is a crime in which health care professionals willingly falsify financial transactions. In nursing homes, it is shown that “medicare payments to nursing homes have been at least 10 percent higher than the cost of care for 14 years in a row” (Pear, 2015). This shows evidence of nursing homes having more money then needed in order to care for patients. This 10% might not sound a lot
Most of the US health policy revolves around insurance companies (payors), hospitals and doctors (providers), and the government in shape of Center for Medicare and Medicaid Services (CMS). The corporatization, rationalization (via Managed Care), and technological advances have been a blessing and a curse for health care delivery. The continued push for new gadgets without clear benchmarks, need gap analysis, or its correlation to the health care quality has led to the exponential growth in health care costs while our politicians have been busy wrapping themselves with the US Constitution and debating whether health care is a right. However, it is well documented that very little was known of medical science in 1776, let alone the imagination to cement health care as a right in the Constitution at that time. In the words of Hanoura of T.C. William High School, “Now, when the founding fathers were drafting the constitution, the idea of someone two hundred years later not being able to pay for their chemo treatments most likely did not cross their minds” (Hanoura, Is Healthcare a Right?
The cost of inmate healthcare increased 55 percent from 2006-2013. More than $1 billion is spend in health care for inmates yearly. The continuous growth in aging inmates significantly impacts the budget for the department because older inmates have increased health issues. This includes the cost of prescriptions. Prescription drug treatments increase over years, especially for those with hepatitis C, HIV, or any other serious illness.
“The cost to the family and the larger society can be used as one measure of the effectiveness of current and future treatments” (Perkins et al.). It is said that the estimate of the annual cost of a pediatric stroke hospitalization in the United States is about $42 million, however, this amount decreases in comparison with adult stroke. Either way you see it pediatric stroke is still very expensive, because from those children that survive stroke maybe about 50% to 80% will have permanent neurological damage such as hemiparesis
Your discussion states a valid explanation about how there many issues associated with health care and there is not one simple answer. The health care reform act has improved health care for many although the direct problem faced by many Americans is affordability (Stoltzfus Jost, & Pollack, 2016). I have cared for many patients who have confided how they are unable to pay for prescriptions. Without these medications, these individuals are unable to maintain their chronic illnesses and return back to the hospital. This is a vicious cycle that ends up costing the patient, hospital and government time and money.
Many solider who fought in the war are now suffering from long-term disabilities, and there is not enough Medicaid to cover them. Our nation is lacking professional and trained caregivers who can provide care for elderly who are living with multiple conditions. The government is cutting Medicaid funds and the majority who need them the most are struggling to pay for their health insurance, especially poor people. Medicaid has several advantage for younger adults but it cheats older people. Life course will increase in the future and the government will cut the budgets and programs.