Research Paper on "Healthcare Reform and Economics"

Research Paper 3 pages (1091 words) Sources: 3

[EXCERPT] . . . .

Health Care Reform and Economics

Over the last several years, the underlying costs for health care have been rising dramatically. Part of the reason for this, is due to the fact that 70 million Baby Boomers (largest population demographic) are becoming older. ("The Boomer Stats ") for the health care system, this means that there are increasing amounts of stress placed organizations. As costs begin to rise dramatically and the overall burden on individuals / families becomes even more strained. Evidence of this can be seen by looking at statistics that were compiled by the White House. They found that small businesses are paying 18% more for health insurance in comparison with large corporations. This sector of the economy accounts for the largest portion of economic growth and innovation that is taking place. As nearly 25% of the job growth since 1992 was from the contributions that small businesses were making. This is troubling because, many of these organizations have begun to reduce offering any kind of health insurance coverage to their employees. With the total number of firms providing these benefits to their staff declining from: 58% to 49%. When you combine this with the severe loss of jobs in the economy over the last several years and the elimination of health insurance coverage (at some employers), this can make an individual's financial situation become even worse. ("The Economic Effects of Health Care Reform") at which point, many people will be forced to file for bankruptcy, in an effort to address the mounting costs that they are facing. (Amadeo) This has forced proponents for health care reform, to argue that the government needs to take a more active role in the system. As they believe, that they can help alleviate the challenges facing: individuals, families and businesses. However, there have been many opponents who claim that allowing the government to become involved in addressing these issues is: the equivalent of socialized medicine. As these kinds of actions will reduce: the overall quality of care and innovation. At which point, many businesses will feel added pressures in the form of higher taxes that they must pay, resulting in a reduction in economic growth. (Francis) to fully understand the overall impact that the health care system is having on the economy requires looking at: the underlying challenges that it is facing and how they are contributing to the problems. Together, these different elements will provide the greatest insights as to how health care reform; can address the underlying economic issues the country is wrestling with.

The Challenges and How they are Contributing to the Problem

Currently, the United States has some of the highest health care costs in the developed world. Evidence of this can be seen by looking at the total amount of GDP spending that takes place in relation to health care services. As this number is accounting for $2.5 trillion in economic activity or 18% of the total GDP output. (Amadeo) This is challenging, because these rising costs are having an adverse impact on employer sponsored health insurance programs. As this means that they will be shifted to: the employee or the business could begin to engage in various measures to account for these costs (such as layoffs). This is having an adverse… READ MORE

How to Reference "Healthcare Reform and Economics" Research Paper in a Bibliography

Related Research Papers:

Healthcare Reform Lowering Costs in Health Care Essay

Healthcare Reform

Lowering costs in Health Care

Changes in the Health Care Act have sought to lower the costs of health care for Americans. Reports made available indicate that the… read more

Essay 3 pages (918 words) Sources: 0 Topic: Healthcare / Health / Obamacare

---

Healthcare Reform History of Socialized Medicine American Term Paper

Healthcare Reform

History of Socialized Medicine

American Health care history

Allopathic vs. Homeopathic Approaches to Healing

The medical industrial complex

The Affordable Care Act in Detail

Impact of the Affordable… read more

Term Paper 8 pages (2697 words) Sources: 1+ Topic: Healthcare / Health / Obamacare

---

Healthcare Nursing Policy Essay

Healthcare Bill

The Economic, Resource Allocation and Administrative Impacts

of the Affordable Care Act

The number of Americans who are uninsured or uninsured continues to rise by frightening margins. Today,… read more

Essay 4 pages (1050 words) Sources: 4 Topic: Healthcare / Health / Obamacare

---

Healthcare Reform Ways the Healthcare Reform Bill Thesis

Healthcare Reform

Ways The Healthcare Reform Bill May Affect The Average American

Many of those who disagree with the proposed Healthcare Reform Bill actually agree that America's current health care… read more

Thesis 29 pages (7972 words) Sources: 20 Topic: Healthcare / Health / Obamacare

---

Health Care Reform Life Thesis

Health Care Reform

LIFE and HEALTH at STAKE

An online survey conducted this month said that half of all U.S. adults want a major reform in the healthcare system in… read more

Thesis 7 pages (2050 words) Sources: 4 Style: APA Topic: Healthcare / Health / Obamacare

---

View 100+ more related papers  >>