Health Care Spending

Topics: Health insurance, Health care, Health economics Pages: 3 (1239 words) Published: July 29, 2013
Health Care in the U.S.
Sondra Ford
HCS/440
June 4, 2013
Donald Hutson
University of Phoenix

Everyone in the United States would like to live a healthy life but to live healthy we must have a good health care system. The United States has more than 40 million Americans that are currently uninsured because some changes need to be made with our health care system. Health Care costs in the United States has risen tremendously in the past years. This paper will discuss some of the current issues about national health care expenditures, whether the spending is too much or not enough, where the nation should add or cut, and why and how the general public’s health care needs are paid for, such as being financed by various payers, while indicating the percent of total expenditures they represent.

The national health care expenditures estimated the health care spending for 2011 as $2.7 trillion. This represents as $8,680 per person which grew to 3.9 percent and the GDP (Gross Domestic Product) sustained at 17.9 percent. Health care spending, in 2012 to 2013, is expected to reach 3.8 percent and private health insurance spending drops because of low income growth. By 2014 the national health spending is estimated to increase to 7.4 percent because the Affordable Care Act will result to 22 million of uninsured Americans. These expenditures are broken down into different types of services or product called personal health care (National Health Expenditure Data, 2012). As one of the expenditures, 4.3 percent is an estimate of hospital care spending and it has reached $848.9 billion in 2011. Medicaid spending decreased in 2011 because of low hospital services but private health insurance and Medicare skyrocketed. Another expenditure is prescription drug spending. This expenditure estimated growth to 2.9 percent of $263.0 billion in 2011, which increased from 1.2 percent from 2010. This increased of prescription drugs was due to an increasing use of brand...

References: National Health Expenditure Data. (2012). Retrieved from http://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-andReports/NationalHealthExpendituresData/index.html
Our Economic Future: Health Care. (2010). Retrieved from http://oureconomicfuture.org/issues/healthcare.html
Tanner, M. (2009). Not Enough Healthcare to Go Around. U.S. News & World Report, (), http://www.cato.org/publications/commentary/not-enough-healthcare-go-around
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