Essay on "Healthcare and Drug Costs"
Essay 2 pages (695 words) Sources: 3
[EXCERPT] . . . .
Ultimately, Americans are spending too much on drug costs, which limit their ability to save, invest, and spend such funds in other areas that would be more beneficial for the economy. Many Americans do not price shop for medications, which leads to "unnecessary spending" that drains their wallets (Johnson, 2009). This wasteful spending includes federal government spending in Medicare and Medicaid programs, which "that limits how much money the federal government and businesses have to invest in solving the energy problem, developing products that can be sold to other countries, creating technology that can bring medical breakthroughs, building infrastructure and more" (Johnson, 2009).Even worse, many Americans find themselves addicted to prescription drugs which also has a negative impact on how healthcare impacts the economy. Drug abuse costs the American economy billions of dollars a year. It causes healthcare costs to increase dramatically, as more people are legally purchasing medications and then abusing them (National Institute on Drug Abuse, 2008). Moreover, there are increased healthcare costs in regards to treating addiction for those without private insurance. Such addiction problems can even lead to costly crimes and lost money in reduced productivity of American workers (National Institute on Drug Abuse, 2008). Ultimately, drug abuse is a huge unnecessary element of spending related to healthcare that is draining the economy.
Clearly, there is a link between wasteful healthcare spending and lagging economic recovery. Unnecessary healthcare costs drag down the ability for consumers and the government to spend on other areas that are better for returning growth to
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References
Baumgartner, Jason. (2011). Understanding socioeconomic and healthcare system drivers to increase vaccination coverage. Quintiles. Web. http://www.quintiles.com/~/media/library/presentations/vaccine-insights.pdf
Johnson, Linda A. (2009). Q&A: Why healthcare's economic impact matters. USA Today. Web. http://usatoday30.usatoday.com/news/health/2009-06-19-health-economy_N.htm
National Institute on Drug Abuse. (2008). Drug abuse costs the United States economy hundreds of billions of dollars in increased healthcare costs, crime, and lost productivity. Publications. Web. http://www.drugabuse.gov/publications/addiction-science-molecules-to-managed-care/introduction/drug-abuse-costs-united-states-economy-hundreds-billions-dollars-in-increased-health READ MORE
Quoted Instructions for "Healthcare and Drug Costs" Assignment:
“Its a simple two paged, five paragraph essay on "How Does Rising Health Care Cost, Drug Cost, and Drug Abuse Affect the Socioeconomic Drag in the U.S.?" I have written a simple intro which starts off " Over one- sixth of the United States' economy today makes up the high costs of health care. The United States spends about 2.5 trillion dollars a year just on health care. However, the Unites States' prices keep going up which makes the economy go down. The rising health care costs, drug costs, and drug abuse affect the socioeconomic drag of the heath care economy in the United States of America.
I am a high school freshman, so please keep to that level.
How to Reference "Healthcare and Drug Costs" Essay in a Bibliography
“Healthcare and Drug Costs.” A1-TermPaper.com, 2014, https://www.a1-termpaper.com/topics/essay/increasing-healthcare-drug-costs-affect/8459318. Accessed 5 Oct 2024.
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