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Running head: U.S. HEALTHCARE COSTS 1

U.S. Healthcare Costs

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U.S. HEALTHCARE COSTS 2

U.S. Healthcare Costs

Impact of Healthcare of Economy

Just like any other society, the United States has experienced a significant increase in the

cost of health care. In 2004, 16% of the Gross Domestic Product (GDP) was spent on health care.

In 2010, President Obama signed the Affordable Health Care for America Act (HR 3962) that has

been a topic of heated debate since discussions began decades ago. Health care funding and

design has been a major issue for U.S. From my informed understanding, it would like to state

that the level of healthcare has a direct relationship to economic growth and sustainability. If the

country does not promote better conditions and health care support, it will become impossible for

the people to have better care and this will make sure they spend their income on health care.

When this happens, definitely the process of economic growth and sustainability will be affected

and eventually make it impossible to promote the economic. On the other hand, the country’s

Gross Domestic Product (GDP) could be adopted to promote health care among the people as

signed by President Obama. If the company decides to spend the GDP on healthcare, the other

functions of the society will be supported thereby promoting economic development and

sustainability (Knapman & Booner, 2010). This is explains why this healthcare policy or bill was

critical towards promoting the economic position of the country. What needs to be understood is

that the economy can only be promoted by proper performance of the population. This is

something that can only be achieved when the government seeks to promote the healthcare plan

using the necessary GDP percentage. I would therefore suggest that the government considers

the future of the people through proper healthcare plan and provision.

Health Care Legislation Impacts

U.S. HEALTHCARE COSTS 3

From this discussion, it is worth noting that the Health Care Legislation such as the HR

3962 is a critical proposition capable of presenting enormous impacts towards the future of the

country in terms of health care position. To begin with, the legislation will definitely have

positive impacts on an array of factors including proper health care and insurance coverage.

When there is better health care policy, the level of health care quality will definitely improve

thereby making it possible for the people to benefit from the process. As well, they will remain

focused on the best ideas towards economic development. It is also notable that the healthcare

will address issues to do with insurance coverage and ensure more people are promoted in terms

of their healthcare positions. This means that a health care legislation such as HR 3962 will go a

long way towards promoting economic position and sustainability in the country. On the other

hand, the move might be opposed because of such impacts (Salganicoff, 2008). For instance, the

legislation might affect the provision of quality because the state seeks to meet the growing

needs and health concerns of the population. This might result in a situation whereby the quality

of health care is affected. As well, the issue might affect the nature of free markets. This is

because the country will only consider the welfare of the greatest majority thereby having

negative implications on free markets. This explains the issues characterizing the debate towards

promoting or opposing the move. It would therefore be necessary to consider these issues

towards a better health care implementation in the country.

Health Insurance in the United States

In the United States, there are three types of insurance. The first one is indemnity

insurance whereby annual deductibles are offered. This covers accidents and illnesses but not

preemptive care. There is also the managed care insurance whereby low deducts are common.

The insured has little choices for hospitals and doctors. The other one is the health savings

U.S. HEALTHCARE COSTS 4

accounts (Salganicoff, 2008). This is a tax-free savings and usually ensures that the person can

spend in on health care and benefits are usually in terms of investment and savings. The person

requires a very high deductible plan such that it can cover a wide range of health care needs and

concerns. These insurances are usually common and can have varied longevity in the country.

For instance, the health savings accounts is the most secure and seeks to provide new insights

and ideas through which the individuals can benefit the most. It is considered by many people in

the country and the reason it has continued to be the favorable policy. The managed care

insurance is also common although it limits the choices for hospitals and doctors. The insurance

is also projected to remain sustainable and common in the coming 30 years. The indemnity

insurance is also considered as effective and has its longevity of many years. This is because the

person has the freewill to decide the doctor, services and even hospital. It is because of the nature

and complexity of such insurance policies that they have remained favorable in the country and

appear to have acceptable solvencies.

Private Health Insurance and Standard Principles of Insurance

Over the past few decades the issue of private and public insurance has been something

widely debated in the country that elsewhere. From the laws and policies proposed by the current

government, there has been the move to have the best insurance policies by intervening the

common practices and policies promoted by the private insurance companies. As a result, there

have been the need to have new incentives and ensure the country offers better policies and

support the healthcare needs of the population. That being the case, there is the need to consider

the best ideas and strategies to ensure the best practices are in place. What this means today is

that the private health care policies and insurance companies have been violating the expected

principles towards better insurance policies to the people. This calls for reforms and ensure the

U.S. HEALTHCARE COSTS 5

country continues to promote the best ideas and offer proper insurance to the people. In the

recent past, corruption and failure to honor such policies is a unique challenge that has seen the

government taking interest in health insurance to control the role and practices of the private

companies. This has been needed to ensure the people get the best support and policies for their

health needs. The move has also considered the need to promote transparency and ensure the

greatest needs are realized better health care and policies in the country.

The Evolution of the Promotion of Health and Disease Prevention in the U.S

The issue of better health care and ability to deal with diseases is something that has been

evolving in the country over the decades. Following the country’s independence, health issues

and promotion of better services was one of the classical moves towards promoting the welfare

in the society. At the same time, the country continued to face various deadly diseases thereby

forming the CDC to ensure diseases were monitored and addressed. However, the whole issue of

promoting better health and disease prevention emerged after the Second World War in an

attempt to promote vaccines and ensure the population was healthy. Having approached this

strategy, there was the need to promote new incentives and policies towards a healthy nation. As

years went by, new diseases such HIV led to new ideas and promotion of the best health care

policies (Salganicoff, 2008). There was also the need to promote the political issues related to

health care and provision of better services. In the recent past, there have been new ideas and

legislations to ensure better health services are provided to the people while at the same time

preventing the new killer diseases such tuberculosis, Polio and malaria. As well, new ideas have

emerged following the new cancer incidences that have been recorded in the country. In

summary, the country’s health care approaches and policies have evolved until today when

everything considers the need to promote better health and insurance system in the United States

U.S. HEALTHCARE COSTS 6

(Fuchs & Emanuel, 2005). In the last one decade, the new shift has been on health care insurance

system because this is what will guarantee permanent solution to the health concerns and issues

affecting the greatest number of people in the country. The idea is ensuring the country promotes

the best health care to its people and improving insurance cover.

U.S. HEALTHCARE COSTS 7

References

Fuchs, V. & Emanuel, E. (2005). Health Care Reform: Why? What? When? Health Affairs.

Chevy Chase, 24(6), 1399-1414.

Knapman, M. & Booner, A. (2010). Overcrowding in medium-volume emergency departments:

Effects of aged patients in emergency departments on wait times for non-emergent triage-

level patients. International Journal of Nursing Practice, 16(3), 12-53.

Salganicoff, A. (2008). Health care and long term care policy: Concerns facing older women.

Available at http://www.kaiseredu.org/tutorials/elderly/player.html

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