Economic Implications Of National And Private Health Insurance In The United States

3007 words - 12 pages

Currently in the United States, acquisition of affordable health insurance plans through employers and private corporations is one of the main topics in the political landscape between liberals and conservatives. The traditional way of obtaining health insurance is either by subtracting a certain amount of payout from one’s salary/paycheck or pay out of pocket. However, many people do not have access to health care because of the high costs associated with poor insurance plans that require individuals to pay high premiums and deductibles, which may or may not contain good benefits such as free preventative care. In addition, due to the past economic recession in 2008, many employers could not afford to pay for health benefits and canceled numerous plans for many employees. This effectively increased the rate of uninsured Americans as well as the increasing health care costs.
One reason health care costs are increasing are due to an increase reliance on the emergency department (ED) where many medical conditions could have been prevented or directed to a low-cost health clinic for care. Not only does this take away human capital for people who have actual medical emergencies, but also wastes hospital resources where many of these visit are billed frequently to Medicare, Medicaid, and low-cost health insurance (Choudhry et al., 2007). This problem can be attributed to people who live under the poverty line that cannot afford healthcare or qualify for Medicare and Medicaid. According to the U.S. Census Bureau’s Income, Poverty, and Health Insurance Coverage in the United States: 2012 report, the official poverty rate was at a staggering 15.0 percent, or approximately 46.5 million people are in poverty with an income of less than $25,000 with a weighted average threshold of $11,720. The economic status for the uninsured was among people with incomes less than $25,000 at an unsettling 24.9% in 2012 (U.S. Census Bureau, 2012). Due to the high amount of people who are not insured and require medical assistance, whether it is crucial or non-crucial, refer to the ED to obtain the needed health care because the ED cannot turn down anyone who requires medical attention.
This overarching problem has significant economic implications in America where the costs to provide healthcare are high and the overall organization between national/private insurance and hospitals/clinics is highly inefficient. With all of these issues plaguing the national economy with a financial structure that is in disarray, one would question how America’s health insurance developed into a severe problem both from an economic and individual perspective. To understand how and why the current health insurance system is causing many problems to society and the economy, a historical observation is required.
Starting in the mid-19th century, the earliest form of health insurance was incepted by the Franklin Health Assurance Company in Massachusetts in 1850 where it provided...

Find Another Essay On Economic Implications of National and Private Health Insurance in the United States

Health Care Reform in the United States

1214 words - 5 pages , cannot afford to purchase insurance. In cases of illnesses or accidents, they are left to mercy of those who run the hospitals. Because adequate health care protection is essential for all people, health care system in the United States must be reformed so that all Americans are covered in the time of need regardless of their ability to pay for medical services.Today, the United States is the only industrial country in the world that does not provide

Health Care Reform in the United States

1937 words - 8 pages could be reduced by an astounding 3% of the gross domestic product (GDP) (Economic Case for Health Care). The projected monetary benefits are a vital argument, but there are other benefits to the college age group, health and safety. Out of seven world powerhouses that have a variety of heath care systems, more adults in the United States were disappointed and wanted a complete rebuild of the current system (7-Country Survey). People stated

Health Care Reform in the United States

1021 words - 4 pages Health Care Reform in the United States In the United States, more than forty million people are without health insurance. Of these people, many are employed by firms that do not offer coverage and many others fall just below the poverty line. Many are poor but still do not qualify for Medicaid. At least twelve million of those without health insurance are children. Reliable sources indicate that the number of uninsured people could

Discuss the ethical, political and practice implications on accountability in nursing as a result of the current economic climate and recent cuts in health care spending.

3588 words - 14 pages . Budget is then split and administered separately in England, Wales, Northern Ireland and Scotland. Department of Health (DH) is responsible for the NHS and the head of DH reports to the prime minister (NHS, 2011). NHS provides health care to more than 62m patients, employs more than 1.7 people and has a budget of roughly 106 billion pounds. However, due to current economic climate, NHS aims to make efficiency savings of 20 billion pounds by the year

Post-War National Security in the United States

2098 words - 8 pages . This was a natural result modernization, and therefore, traditional bipolar nuclear strategy began to lose importance, like Kissenger had predicted five years earlier. Before this point, United States interests were effectively met by its Pax Americana enforced on the world by U.S. weapons of war. By 1968, however, Nixon knew he had to deal with the world in a much less dynamic fashion.What Nixon and Kissenger did with their concept of a

United States National Security

1784 words - 8 pages to affect the direction of national security policies (Baum and Potter 2008; Taydas, Kentmen and Olson 2012). Domestic Institutional Structures The domestic political system of the United States opens it up to inclusivity as it has many different groups involved in making national security policy. The president cannot sign treaties with the two-thirds support of the Senate. However, the president is allowed to enter into treaties with other

The United States Coast Guard and National Defense

3019 words - 12 pages a very different mission than their DOD counterparts in times of peace. This paper will shed light on the Coast Guard’s accomplishments and its sacrifices in its National Defense mission. The legal basis for the Coast Guard to operate as a military force is Title 14 of the United States Code, which states: "The Coast Guard as established January 28, 1915, shall be a military service and a branch of the armed forces of the United States at

Reflection Paper on the economic roles in the United States.

817 words - 3 pages services in the areas of garbage collection, fire protection, hospitals, and jails. Privatization may also involve subsidizing individuals so as to enable them to buy goods and services from the private sectors; an example is the federal food stamp program. The federal government issues stamps to low-income families, which allows them to purchase food from private grocery stores.After defining the economic roles that the United States government

The Economic Basis of Slavery and its Impact on the Emergence of the United States

598 words - 2 pages the United States. Generally speaking, during the colonial era the economic rise in American society led to increase in plantations and the growth of urban areas.In the southern states, the economy was centered on agriculture: cotton, sugar, tobacco, and other crops flourished in the south. Without the technology we have today these crops required tremendous labor and time to cultivate. The plantation owners, in their efforts to compete in the

Public Health in The United States: David Cecere

1138 words - 5 pages To begin with, a number of researchers have in the past connected the high risk of deaths with lack of proper insurance. The same issue is critically argued by Wilper et al. some researchers have even gone to an extent of suggesting private health insurance, although costly, is more effective than public health insurance (Goodman). Note that, this is not the issue with Wilper et al study. In fact, Wilper et al compares health insurance and

Health Care in the United States: An Evolving System

1222 words - 5 pages referral base by offering ongoing continuing medical education (CME) opportunities and by providing remote access to their patients records on Children’s EMR system. These practice changes lead to the concept of Hospital Medicine. Hospitalists are physicians whose sole responsibility is the care of hospitalized patients. As of 2012, there were more than 30,000 physicians employed as Hospitalists in the United States and about 70% of hospitals now

Similar Essays

A Comparison Of The Perceptions Of Love, Anger, And Guilt In Portugal And The United States And Implications For Counseling

4631 words - 19 pages get a clearer understanding of individuals and their national and cultural backgrounds and how the expression of feelings might be viewed in a particular culture.2. Perceptions of Love in Portugal and the United StatesAs mentioned before, love, anger and guilt represent three primary emotions that exist in all cultures. Few studies have been done that compare the ways feelings and emotions are perceived in Portugal and the United States. However

The United States National Debt Essay

1040 words - 4 pages On the Sixth Avenue in Manhattan, there is a national debt clock that shows the amount of United States national debt. The clock was first installed in 1989, and can show up to ten trillion dollars. It ran out of digits in October 2008 when the sum of debt exceeded the amount. A new clock with two extra digits is going to be installed (Izzo 2 ). We hear about the debt almost every day: news talks about it, politicians argue about it, even

Market Competition: Implications For Healthcare Policy In The United States

6967 words - 28 pages , 86, 1-24, 1996.Jensen, G.A., and M.A. Morrisey. 'Employer-Sponsored Health Insurance and Mandated Benefit Laws,' Milbank Q, 77, 425-59, 1999.Judge, K. 'Income Distribution and Life Expectancy: A Critical Appraisal,' BMJ, 311, 1282-5; discussion 85-7, 1995.Kennedy, B.P., I. Kawachi, and D. Prothrow-Stith. 'Income Distribution and Mortality: Cross Sectional Ecological Study of the Robin Hood Index in the United States,' BMJ, 312, 1004-7, 1996

Social Implications Tied To Gender In The United States

1651 words - 7 pages The term gender acts as a basic biological means of dividing and classifying men and women. Even though being biologically male or female merely means one has the corresponding reproductive parts, there is much more to gender than this. Within the United States, being male or female comes with many social implications and expectations. The issue of gender is so powerful that it has become an organizing construct for national development. A