Healthcare in the US Essay Example | Topics and Well Written Essays - 3000 words

Healthcare in the US - Essay ExamplePolicy issues, adverse economic conditions, and other trends and practices have been cited as some of the fundamental causes of the rise in healthcare costs both in the state, federal, and local presidential terms. The sharp increases in healthcare expenditure have had respective(a) negative consequences to other sectors of the economy and the average livelihood of the American citizens. Financial pressure on families, challenges on the part of the employers, and a reduction in expense on other important sectors of the economy are some of the negative consequences of increase healthcare spending. Recent figures show that the rate of healthcare spending is importantly higher than average economic growth. The implication, according to economists, is that the rate of spending on healthcare is much faster than the rate of economic activities in other sectors of the economy. The derangement in economic activities and healthcare expenditure shows tha t the levels may not be sustainable in the end (The Henry J. Kaiser Family groundwork Web). Usually, economic activities are heady by the manner in which countries devote significant amounts of money to certain sectors with the intention of improving the conditions of trade and the balance of economic systems. The statistics show that healthcare spending has grown by over 3.0 percentage points higher than the nominal GDP. It is necessary to establish some of the intervention measures that the federal, state, and local governments have undertaken in order to dress the adverse impact of expenditure on the economy. The impact of negative economic growth manifests itself in terms of the various issues that connect with the specifics of economic growth. The question regarding the call for to control the healthcare industry continues to polarize the health debate in the United States due to various factors that connect with costs, protection of the citizens, affordability, and quality . Among the objectives raised by the proponents of increased government regulation of the sector is the matter of checking of rising costs of healthcare and the laxity of employers to meet the costs of employees medical insurance premium (The Henry J. Kaiser Family Foundation Web). A related concern is the adverse impact of increased spending on healthcare on other important sectors of the economy. Projected increase in healthcare expenditure implies that the government would not be able to cater appropriately for other matters of priority. Proponents of control argue that the general intention of controlling government expenditure aligns with the need to stabilize economic growth. On the other hand, those opposed to the governments regulatory practices argue that increased regulation would slacken closed-door initiative and discourage investment into the healthcare industry. In line with this argument, critics of government regulation contend that the practice contravenes the lett er and spirit of a free market economy for which the United States is famed (Boscheck 75). Those who hold onto this view argue in favor of uncontrolled regulation point towards the need to develop alternative structures of perceptual constancy as one of the ways through which stability of the healthcare industry and other related aspects of the economy can be controlled. The common impression in the perspectives of critics who challenge the free market healthcare model is that the system has failed. Exorbitant costs of healthca