Healthcare Related Concern Essay
Healthcare Related Concern Essay

Healthcare Related Concern Essay

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  • Pages: 3 (634 words)
  • Published: April 15, 2022
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The various strategies developed with the aim of imposing price controls have assumed the large impacts of failures that have been witnessed in the United States health sector. Regulated prices have an adverse impact on the markets and cause various inefficiencies in the distribution and allocation of resources (Folland et al. 2007). This contributes to small, poor quality resource allocation, and the use of resources becomes very ineffective. This step causes an adverse impact on the health supply within the country. No clear platform can be used to distribute the limited resources to the citizen equally. This causes in equilibrium in both the supply side and the demand portion of the various healthcare facilities.

The United States spends a lot of resources on healthcare as compared to other countries. More of the spending is facilitated th

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e spending. Also, the implementation of the Obamacare is meant to reduce the high spending witnessed by the country drastically. The Obamacare has the motive to cut the high costs that the country undergoes in most of its expenses and to ensure that they have reduced the high costs. The large supply of healthcare facilities in the country is one of the main reason of coming up with Obamacare to facilitate the high costs. According to Obamacare (2007), we provide some insurance alternatives that individuals can obtain to help them to undertake the high costs effectively.

Over the past few years, the cost of healthcare have doubled and is rising each and every day. Several factors have influenced the high rate of use of health facilities for the past years. Technological improvement has directly contributed to the steady growth of the healthcar

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industry. There has been a lot of facilities being demanded to be able to cater to the various health needs effectively (Steiner et al. 2001). These facilities have become very expensive to attain and contributed to the high healthcare need. Improved medical progress has allowed people to be in a position to fight certain medical problems that were once a threat to the life of individuals.

On the contrary, the demand and supply of healthcare services have become a shift that adjusts depending on the prevailing conditions that are inexistent (Ellis, & McGuire, 2003). The high demand for various health care facilities is being counteracted by the constant supply of the healthcare services. The United States are establishing effective alternatives that will help to support the health sector to find a sustainable healthcare solution efficiently. Obamacare when the government effectively implements it, it will contribute to establishing a solution that will drastically cut the costs and the high rate of seeking health services.

The high cost of healthcare has impacted the quality of services being provided. Since the number of healthcare seekers has drastically increased, the quality of services being provided have declined. The healthcare practitioners no longer give adequate services with regards to the quality assurance required. This step has compromised the health sector and the people no longer get the services that they anticipate. Proper market evaluation needs to be conducted to make sure that the market structure is useful. The citizens need to find the right channel that will help them seek adequate healthcare. In general, the demand and supply of health services need to be considered effectively to ensure that they can adequately

supplement the needs of the population.

References

  1. Ellis, R. P., & McGuire, T. G. (2003). Supply-side and demand-side cost sharing in health care. The journal of economic perspectives, 7(4), 135-151.
  2. Folland, S., Goodman, A. C., & Stano, M. (2007). The economics of health and health care (Vol. 6). New Jersey: Pearson Prentice Hall.
  3. Obamacare Facts: Facts on the Affordable care act. (2007). Retrieved October 16, 2016, from http://obamacarefacts.com/obamacare-facts/
  4. Steiner, C., Elixhauser, A., & Schnaier, J. (2001). The healthcare cost and utilization project: an overview. Effective clinical practice: ECP, 5(3), 143-151.
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