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Current health care issue - Research Paper Example
Pages 5 (1255 words)
Rising Costs of U.S Health Care: Effects to and Contributions from the Nursing Profession Name Instructor Course Date Rising Costs of U.S Health Care: Effects to and Contributions from the Nursing Profession The U.S has for a long time boasted of having the best health care system in the world…
The most concerning issue in the U.S health care system is that of affordability as trends continue to prove that Americans are forced to pay more for health care and for health insurance. Medical expenses are the leading cause for personal bankruptcy among Americans with over 70% of filers claiming medical expenses as the main cause of bankruptcy (Bureau of Labor Education, 2001). As at 2008, the U.S spent 15.2% of its GDP on health care, exceeding what any other country in the Commonwealth spent (National Health Program, 2008). In 2012, the U.S health care spending stood at 18% of GDP (National Health Program, 2008). Several reasons have been put forward for making U.S health care one of the most expensive in the world. Numbers of health care facilities in the private sector are growing following the entry of more for-profit health care providers. The ongoing shift from non-profit to for-profit private insurers also points to the rising costs of health care in the U.S. Administrative costs in private hospitals has gone up drastically from 34% in 1994 compared to the lower 22.9% in public hospitals in the same period (Bureau of Labor Education, 2001). ...
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