Pros And Cons Of Rising Cost Of Health Care

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As the baby boomer generation reaches retirement, which the numbers will double by 2030. they are wondering if there will be health care as they grow into their golden years. They are looking towards the government for the answer. With the cost of healthcare continuing to rise, the government which its divided Congress needs to come together to get healthcare on solid ground and make sure there is enough for everyone for years to come. Currently, the government cannot afford to pay for our insure access to healthcare without limitations. The rising cost of our healthcare is driven by some factors, including technology, the getting older population and the creation of healthcare as a market good. With these rising cost there is talks of rationing healthcare. Rationing is …show more content…

Allen Greenspan (1983) wondered if it was worth spending healthcare funding on the elderly, who die within a year. Other supporters have also discussed money-based savings. There has not been any evidence shown the savings that would be achieved by rationing the elderly healthcare. There have been many other proposals for rationing healthcare for the elderly. They contend that using expensive medical treatments on an older adult would be better saved for the health needs of younger people or other groups. A few proposals that some people have come up with are as follows, price-based self-rationing, which is when a person is sick and has little or no health insurance. They decide by weighing the cost of receiving care against the benefits of the care. Another is bedside-rationing, it is described as when a doctor decides whether a patient should have an expensive treatment or not. Others have suggested like it was suggested earlier, quality-adjusted life years method. That is by placing an age limit on medical procedures, used to see that cost effectiveness of a treatment for a certain

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