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Future Trends of Health Care Finance - Essay Example

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Future Trends of Health Care Finance

There is an imbalance of the number of people who demand health care, the price they pay and are willing to pay for it in the future, and the number of health care providers who supply the services demanded.
This imbalance creates pressures on health care finance. More and more people, including our government and the businesses that cover health care costs of these people, would not be willing to pay an ever-increasing amount to finance health care. Premiums will not be allowed to increase indefinitely, because it is becoming unsustainable for the government to allow it, leading to cut backs in coverage. Many countries experimenting with different schemes are finding it difficult and unpopular to do so (OECD, 2006).
As the PWC article and others (Schur, Berk, and Yegian, 2004) noted, the pressure of lower available financing in the face of rising health care costs and prices in the last decade, and the unwillingness of people (including the government) to pay for them indefinitely, are dangers that threaten our future in three ways.
And third, our nation and our government will continue to find it a challenge to balance the costs of maintaining an aging population and a dwindling youth population exposed to more serious sicknesses.
These are the challenges facing our health care organization. ...Show more

Summary

The article that forms the basis for this paper is the report prepared by the consulting firm PricewaterhouseCoopers (PWC, 2005) on how to create a sustainable future for the health care industry by the year 2020. The paper describes the term "sustainable future" as follows:
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Future Trends of Health Care Finance essay example
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