Preview

Medical Technology

Good Essays
Open Document
Open Document
255 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Medical Technology
Spending in the U.S Healthcare System
Each dollar spent on health care in the U.S, 31% goes to hospital, 21% goes to physician / clinical services, 10% pharmaceuticals, 4% to dental, 6% to nursing homes and 3% to home health care, 3% for other retail products, 3%for government public health activities, 7% to administration cost, 7% to investment, and 6% to other professional services - physical therapist, optometrists, etc.

Health care in the United State
Health care facilities are largely owned by hospital. Health insurances is now primarily provided by the government with 65% healthcare programs such as Medicare, Medicaid, TRICARE, the Children’s Health Insurance Program, and the Veterans Health Administration. Life expectancy in the USA is 50th in the world, below most developed nations and developing nations. The USA health care system is the highest in cost. The USA is the only wealthy industrialized nation that does not ensure that all citizens have coverage.

Payments
Around 85% of Americans have health insurance; either through their employer or the employer of their spouse or parent (59.3 %), purchased individually (9%), government programs (28%). All government health care programs have restricted eligibility. In 2007, totaled 15.3% of the population, or 45.7 million people don’t have insurance.
In 2004, private insurance paid 36% of personal health expenditures, private out-pocket 15%, federal government 34%, state and local 11%, and other private found 4%. In level of health care spending from year to year the U.S is the highest compared with other

You May Also Find These Documents Helpful

  • Powerful Essays

    Today, the United States has what many consider to be the worst health care system in the world. The United States has the most expensive system as it accounts for nearly 17.9% of the Gross Domestic Product (GDP) (The World Factbook, 2013). This amounts to a cost of $8608 per person (Health Expenditure per Capita, 2013). The extreme cost of health care make it the leading cause of bankruptcy throughout the United States, and the reason why there are over 48.6 million people who are uninsured with no access to health care at all (Howard, Access and Underserved). This high cost has not translated…

    • 5252 Words
    • 22 Pages
    Powerful Essays
  • Best Essays

    The purpose of this paper is to review and discuss the current level of national healthcare expenditures and to determine if we as Americans are spending too much on healthcare. The author of this paper will provide examples and solutions where we as a nation should add or cut from the healthcare expenditures. This paper will also detail how the general public's healthcare needs are being paid for, the biggest economic healthcare challenge, why the challenge should be addressed, and how this challenge to be financed.…

    • 1633 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    Expenditures has an impact on the health care industry, looking at this article “Health expenditures increased from 12.2 percent of the gross domestic product (GDP) to 13.5 percent in l997 (Levit et al. 1998), and they are expected to reach 16.6 percent of GDP in the year 2007 (Smith et al. 1998). The devotion of a large percentage of the total GDP to health costs is a concern because such dollars are then not available…

    • 538 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Health Care Professionals

    • 1766 Words
    • 6 Pages

    The structure of the U.S heath care system is certainly a topic greatly debated. Whether it is discussing the cost of health care, poor outcomes, shortages in health care workers, underutilization of other health care workers, the lack of access to care, or growing demand by consumers for health care that offers choice, quality, convenience, affordability and personalized care. It is not a secret that the United States spends more money than any other nation on health care, but only ranks 34th in the world in life expectancy and has higher mortality rates in infants than any other nation that is developed.…

    • 1766 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    America spends two and a half times more on healthcare per capita than any other developed nation, quickly approaching $3 trillion EVERY year. With this kind of expenditure, you would expect our citizens to be the healthiest in the world, but this is not the case.…

    • 1707 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    How many people in the United States do not have health insurance E. over 50 million…

    • 799 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Risk Scenario

    • 4258 Words
    • 18 Pages

    1. The amount of money that the US spends on healthcare per capita and as a percent of GDP is far higher than any other country in the world. We spend 15% of GDP, with the next-highest countries, Germany and France, at 10% of GDP. This high level of spending has not brought higher life spans or quality of life years. Those who pay the bills are therefore asking if they are getting quality…

    • 4258 Words
    • 18 Pages
    Powerful Essays
  • Powerful Essays

    The United States always have been known for acquiring the best health care system in the world. The United States spends a higher percentage of its gross domestic product (GDP) and more for each fund about healthcare in comparison with other country in the world. The most effective health care establishments on this planet are in the U. S., people originate from everywhere to acquire quality health care in U. S. Physicians from different countries come to the United States for advanced training. These are “All” great things…

    • 1324 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    Cuban Healthcare System

    • 985 Words
    • 4 Pages

    Individuals in United States are mostly left to obtain health insurance on their own. 48% are insured by their employer, 5% buy private insurance coverage themselves, 32% are qualified…

    • 985 Words
    • 4 Pages
    Good Essays
  • Better Essays

    What do you think is the average spent on health care and are we spending enough or too much? The national average spent in 2006 in the United States was over $2 trillion, which is just under 16% of the gross domestic product that was $13.2 trillion. What is gross domestic product (GDP)? Gross domestic product is the total market value of everything produced for sale in the United…

    • 932 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    America does not have universal health coverage because the citizens believe that they will have to pay higher taxes to fund the health insurance. The United States offers Medicare for senior citizens, ages 65 and older, and individual states offer Medicaid for citizens that are low income or have chronic health conditions that private health insurance will not cover. The citizens pay for these programs through payroll deductions every payday. Americans pay $549 billion each year for Medicare (Medicare.gov, n.d.)…

    • 2081 Words
    • 9 Pages
    Powerful Essays
  • Good Essays

    United States expenditure on the healthcare system is much more than any other developed country in the world. Despite spending trillions of dollars there are more than 29 million Americans who lack the health insurance. US healthcare system works as a market place where multiple stakeholders including government agencies, public and private insurers and other investors work in liaison to provide healthcare to US citizens. This creates an essence of a business model where healthcare is considered in terms of profits and loss as oppose to service for the destitute. The US healthcare spending has been on the rise since the past many decades attributed to the changing landscape in medical technology…

    • 1747 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Universal Health Coverage

    • 1152 Words
    • 5 Pages

    However, it is clear when reviewing the literature that this is also a big problem for the middle class. Contributing factors to this include increased deductibles and co-payments and cost shifting to the patient (Hayes, 2004). The US spends over 17% of its Gross Domestic Product (GDP) on health care expenses as compared to a mean of 10% in other high income peer nations like France and the United Kingdom (UK). Even though the US is the only one of the developed nations without a publicly funded healthcare program, an average of $9,086 is spent per capita. Public spending accounts for $419, $1074 from individual out of pocket cost and $3442 from other sources, such as employers. In contrast, the UK spends an average of $3364 per capita, $2802 comes from public spending, $321 from individual out of pocket cost and $240 from other sources. With number like these one would expect that healthcare outcomes in the US far exceed other countries, however this is not what the research shows. While the US is a major world power with economic strength and advanced technology readily available, it is important to note that its health metrics rank the lowest among like nations. For example, in the US maternal mortality is ranked at 12.2/100 000 compared with Canada at 4.8/100 000. Among 34 nations in the Organization for Economic Cooperation and Development (OECD), the US ranked 26…

    • 1152 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    The United States healthcare system is quite expensive, having a unique and advanced system when compared with the other industrialized nations of the world. It actually does not have a universal coverage but in the recent years, the amendment of Affordable Care Act tried to enact healthcare coverage for almost everyone. However, implementation of ACA made almost 20 million individuals insured, reduced inequality, made Americans financially secure, and healthcare more comprehensive. But, on the other hand, the National Health Spending is still unclear; insurance continues to be expensive, health system lacks clarity, and whether this act was effective and made Americans healthier still remains a question.…

    • 1018 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    As time has gone on the economics of health care have changed just as much. The supply and demand of health care and the products that are used in today economics the demand for health care is great. More people are becoming sick and need the treatment from the hospitals and doctors. Health care is accounts for about one-sixth of the entire economy, which is more than any other industry. In 2009 the health care total spending was around $2.5 trillion, with the most of that gross domestic product being about 18% - a measure of the value of all goods and services produced in…

    • 851 Words
    • 4 Pages
    Good Essays