Cost Of Health Care Final Paper 
Cost of Health Care
Ja’Kaye Robinson
Professor Engle
HCA305 The U.S. Health Care System
September 22, 2014
Cost For Health ealth Care
Health Care spending cost are growing faster than the state of the economy as a whole and faster than the people can work to earn it. The United States has the most exspensive health care system in the world because it is based on health expenditures for each person and a sum percent of expenditures found on the GDP. Expenses on health care in the United States have been rising at an alarming rate and the economy has been unable to keep up for quite a while now, presenting challenges not only for Medicare and Medicaid, but for the private sector as well. As health care costs continue to consume a large portion of the nation’s financial revenue, Americans will be forced to make very difficult decisions about whether to provide health care for their families or possibly put food on the table. In the previous years alone prescription drugs expenditures has grown a great deal faster than any additional health expenditure.
At the beggining of 2008, spending on hospital care was about 35 percent. Doctors made up around 20 percent, perscription drugs 15 percent, and long term care facilities represented 9 percent. In addition to this are the numbers of people who have no income. These citizens cannot afford the growing cost; nor can the United States manage to pay for it either. The Congressional Budget Office (CBO) claims that federal spending on Medicare and Medicaid will increase to 12% of the GDP (gross domestic product) in 2050 and 19 % of the GDP in 2082, which, contribute to the GDP corresponding to whole amount of existing spending of federal. The increase will likely result in spending leading to an ever-increasing nationalized debt. Healthcare spending in the long-run would reduce investments in household capital reserve, in addition to foreign assets, and cause economic immobility.
Many Americans
Ja’Kaye Robinson
Professor Engle
HCA305 The U.S. Health Care System
September 22, 2014
Cost For Health ealth Care
Health Care spending cost are growing faster than the state of the economy as a whole and faster than the people can work to earn it. The United States has the most exspensive health care system in the world because it is based on health expenditures for each person and a sum percent of expenditures found on the GDP. Expenses on health care in the United States have been rising at an alarming rate and the economy has been unable to keep up for quite a while now, presenting challenges not only for Medicare and Medicaid, but for the private sector as well. As health care costs continue to consume a large portion of the nation’s financial revenue, Americans will be forced to make very difficult decisions about whether to provide health care for their families or possibly put food on the table. In the previous years alone prescription drugs expenditures has grown a great deal faster than any additional health expenditure.
At the beggining of 2008, spending on hospital care was about 35 percent. Doctors made up around 20 percent, perscription drugs 15 percent, and long term care facilities represented 9 percent. In addition to this are the numbers of people who have no income. These citizens cannot afford the growing cost; nor can the United States manage to pay for it either. The Congressional Budget Office (CBO) claims that federal spending on Medicare and Medicaid will increase to 12% of the GDP (gross domestic product) in 2050 and 19 % of the GDP in 2082, which, contribute to the GDP corresponding to whole amount of existing spending of federal. The increase will likely result in spending leading to an ever-increasing nationalized debt. Healthcare spending in the long-run would reduce investments in household capital reserve, in addition to foreign assets, and cause economic immobility.
Many Americans