Please write a discussion post reply of 300 words to the following post. Must have at least 2 scholarly peer-reviewed sources using APA format. Sources must be within the last 5 years. Must include one biblical integration that is NOT to be listed as a resource.
Original post instructions are listed here: Why does the US spend more on medical care than other wealthy nations?
Post you will reply to is here:
U.S Medical Care Expenditure and Other Wealthy Nations
As a nation, we are investing considerably more into health care on an individual basis compared to other prosperous countries. The rate at which our health care spending is growing is worrying. To put it in perspective, in 2018, a whopping 18% of our country’s total monetary value – amounting to $3.6 trillion – was funneled into health care. Here’s how that spending broke down:
• Hospital services took up the biggest share, about 33%
• Physician and clinical services represented 20%
• Prescriiption medication took up 9%
• Other professional services amounted to 3%
• Just to have a clear comparison, let’s take Japan, a country from the Organization for Economic Cooperation and Development (OECD). The population size of Japan is fairly comparable to the United States, with them having 127.7 million and us boasting 327.2 million citizens. However, Japan invests less than half per person in health care compared to us – $4717 per person every year.
• Finally, something we shouldn’t lose sight of is the cost of health care’s goods and services. It’s significantly bigger in the United States than in other developed countries we aspire to compare ourselves with. It seems clear we need to address this in the future, for our own wellbeing (Crowley et al., 2020).
The 2003 study of data from the Organization for Economic Cooperation and Development (OECD) revealed that the use of health care services in the United States isn’t more than other countries. Instead, it’s the cost that majorly accounts for the difference in spending. This point is further confirmed by up-to-date studies, which demonstrate that the rate at which health care services are used in the U.S is akin to our peer countries, with the only exception being imaging services (Lee, 2019). Remember, it’s not the overuse of services but the cost that impacts our health care spending. Isn’t it surprising to realize that? We need to put more emphasis on addressing the cost issues.
U.S. Medical Expenditure Care
Despite the implementation of the Affordable Care Act nearly a decade ago, we still find that a troubling 10.4% of the non-elderly US population—that’s around 27.9 million people—remain uninsured. We can’t ignore the fact that not having insurance is linked with poorer health results, including, tragically, death. This ties back to the diminished access to healthcare options and preventive services.
Equally concerning is the rise of underinsurance, a term used when out-of-pocket expenses present substantial financial obstacles to receiving care, or the risk of severe medical costs grow. For those underinsured, the likelihood of skipping or postponing necessary care increases by 25% or more. When we look at low-income adults with public insurance, we can see a marked improvement in access to, and quality of, medical care compared to uninsured individuals. It’s heartening to see steps in the right direction, but we must continue combating discrepancies in our healthcare system.
To make matters more complex, healthcare expenditure keeps on escalating, now making up nearly a fifth of our economy. To put things in perspective, in 2018, the national spend on health was a staggering $3.6 trillion, accounting for 17.7% of our GDP. If we look back five years to 2013, we find that governmental funds, incorporating public programs, private insurance for government workers, and tax grants for private insurance, all contributed to 64% of this national health expenditure (Cai et al., 2020). We need to remember that behind all these figures and percentages are real lives. We need to ensure everyone has access to the healthcare they need without having to worry about how to pay for it.
Isaiah 14:26, “This is the purpose that is purposed upon the whole earth: and this is the hand that is stretched out upon all the nations.”
References
Cai, C., Runte, J., Ostrer, I., Berry, K., Ponce, N., Rodriguez, M., Bertozzi, S., White, J. S., & Kahn, J. G. (2020). Projected costs of single-Payer healthcare financing in the United States: A systematic review of economic analyses. PLOS Medicine, 17(1), e1003013. https://doi.org/10.1371/journal.pmed.1003013Links to an external site.
Crowley, R., Daniel, H., Cooney, T. G., & Engel, L. S. (2020). Envisioning a better U.S. health care system for all: Coverage and cost of care. Annals of Internal Medicine, 172(2_Supplement), S7. https://doi.org/10.7326/m19-2415Links to an external site.
King James Bible. (2017). King James Bible Online. https://www.kingjamesbibleonline.org/Links to an external site.
(Original work published 1769)
Lee, R. H. (2019). Economics for Healthcare Managers (4th ed.). Health Administration Press. https://mbsdirect.vitalsource.com/books/9781640550490Links to an external site.
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