Essay About Health Care Costs

Essay About Health Care Costs-30
So we are already spending roughly as much as in Europe.If a single payer regime were actually feasible in America, then our government should already be able to provide universal coverage out of the already existing health care programs.Through Matt Yglesias he writes: “If you imagine America with no guns, less booze, much less drugs, and radically less driving, our public health outcomes would soar.” But at the same time health care costs would plummet. You mention valid reasons why we might think about adjusting tax policy, but unless I’m not understanding your argument, you haven’t provided any reasons why this is the best first step instead of other options that have widespread political support, such as allowing customers to import cheaper medications from abroad.

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To guarantee universal access to health care, only the government should be entrusted with health care provision. To realize the desired margins, organizations add up mark ups to their costs in price setting. This is not the case on the part of the government, whose motive is not short-term gains from payments by patients but the long-term social, economic, and political benefits. Constitution guarantees all its citizens a decent life where access to basic needs is a right for all rather than a preserve for the rich. Whereas a hospital may have all the equipments, personnel, and technology to treat a patient, they may withhold these resources from a patient just because they cannot afford to pay for the services. Insurance companies are key players in the medical industry. In any one given time, there will be many court cases involving insurance firms not willing to fulfill their promises.

The private sector cannot be trusted to provide the best value for money as it will always be tempted to maximize profits, sometimes to the disadvantage of patients. To get this load off citizens, medical care should be nationalized and guaranteed to all irrespective of their social or economic status.

Singapore heavily regulates both the pricing and provision of medical care to keep costs low (as do all other developed countries) and then, working off that baseline of low costs, has Singaporeans pay out of pocket in order to keep them mindful of how much they’re spending.. There are massive subsidies to employer provided health insurance. My personal lifetime health care consumption has been at least doubled by various subsidies (including tax breaks), and it has not improved my health one iota. There are huge regulatory barriers to the efficient provision of health care, at virtually every level of the system. There are barriers to the immigration of foreign doctors and nurses. My dream policy would start with massive deregulation, as well as the elimination of all tax deductions for health care, to get costs as low as possible.

Then add mandatory health savings accounts to get costs even lower.

Indeed Klein’s basic argument is that the Singapore system is actually a pretty effective health care regime, but it would be hard to implement in America because the cost of health care is so much higher here.

But this leads to what I see as the one major blind spot in Klein’s article: Singapore’s system is probably better designed in terms of how consumers spend their own money.S., which puts another strain on health care costs.* Drug addiction is a far greater problem in the U. than in Singapore, adding to a third strain on health care costs.The health sector should be nationalized to pull prices down and enhance affordability. Conclusion From the above presentation, it is evident that leaving health care in the hands of the private sector results in high financial exploitation of U. citizens by health care providers and insurance companies.This reduces access to health care by citizens, reducing their ability to contribute toward social, economic, and political development of the country. To eliminate the many inefficiencies that come with entrusting health care to the private sector, the country should nationalize health care to make the government the sole provider.Health care in the United States should be prioritized if the American Dream is to be realized. Constitution guarantees its citizens the right to liberty, happiness, and life. In an effort to maximize profits, players in the sector engage in cost cutting measures, including under-staffing and purchase of cheap medical supplies.Despite this reality, the private sector has over the years focused on economic gains in the provision of health care services, ignoring the importance of health care for all. Constitution, which guarantees its citizens access to basic needs, including health care. This reduces the ability of patients to access quality health care, something that jeopardizes their health. citizens in the guise of providing medical care insurance.Using government think, this was the rationale for the ACA: if you have one bad idea in place, rather than undo it, devise another, even worse idea. He mentions much more of course, but trying to get government to undo bad policy is pretty much a fool’s errand; so, better to exercise, eat healthy, and drive safely. Health care prices are so much lower in Singapore that Singaporeans would have to pay for three times more of their care to feel as much total expense as Americans do. is far more violent than Singapore with a homicide rate that is 13 times higher.Second, the more I spend on health care – including insurance, contact-lens fluid, massage therapy, etc. The basic argument for the Singaporean system is that Singaporeans, through Medisave and the deductibles in Medishield, pay more of the cost of their care, and so hold costs down. “My personal lifetime health care consumption has been at least doubled by various subsidies (including tax breaks), and it has not improved my health one iota.” Why do you keep seeking out (and spending money on) health care that doesn’t improve your health? * American auto fatalities are three times higher than in Singapore along with a much higher non- fatal accident rate, which puts a strain on health care costs. There are also far more violent, non-fatal crimes in the U.Americans, by contrast, have their care paid for by insurers and employers and the government, and so they have little incentive to act like shoppers and push back on prices. (It’s worth noting that, on average, Singaporeans are richer than Americans, so the issue here is not that we have more money to blow on health care.) I think he’s overstating the case here (I find that even many of my small health expenses are heavily subsidized) but there is some truth to what he says here.And I think this points to the necessary first step in health care reform—getting costs down.

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