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Economics and Healthcare - Assignment Example
This essay Economics and Healthcare talks that the ultimate objective of any effective healthcare system is the provision of equitable access to healthcare as well as ensuring of liberty and opportunity to access prompt medical assistance when needed. …
This paper stresses that the healthcare system in the United States is focused on provision of services which are cost-effective to consumers who demand greater accessibility and better quality at affordable rates. A country which is regarded as the world leader in terms of medical advances and research and technology in the field of medicine, the lack of access to healthcare and primary health care services is one of the most critical and on-going issues faced by it since several decades. An overwhelming majority of the population who are at the bottom of the economic pyramid include those insured by Medicaid, low wage earners as well as those who are uninsured and underinsured.
This report declares that in countries like the United States where the healthcare coverage is employment based, loss of jobs results in loss of insurance for various households. Since most of the insurance cost is borne by the employers, it differs widely across various states in the country and any significant change in the economy leads to a simultaneous change in the insurance policies and healthcare coverage provided to the employees. It is also observed that the access to healthcare services is largely dependent on the socio-economic factors and that the factors such as household income, poverty, unemployment, and racial, cultural, and ethnic background of individuals play a key role in access to healthcare. ...