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Cost Of Health Care Essay

671 Words3 Pages

The cost of public health care insurance is decreasing in the United States, but is this change founded in progress? Regulations in the healthcare industry provide the government a large market share, which results in the stifling of competition. Subsequently, insurance affordability to all citizens has advanced. Yet, the complexity of regulations is costing businesses. While the U.S. assimilates, individuals must overcome societal trends and examine the current health care system to enhance the value it provides. The introduction of the most significant legislation during the Obama administration came from the need for financial stability. House Bill 3200’s purpose is to facilitate an online marketplace for health care insurance affordable …show more content…

do not participate in an acceptable amount of proactive health. Therefore, most individuals require the aid of health insurance. Under the current health insurance system in the U.S., however, regulations prevent insurance companies from participating in interstate commerce, causing competition to grow stagnant in the United States. This lack of competition has allowed the adoption of wasteful procedures by health care providers and, moreover, pharmaceutical companies, which in turn passes the increased costs back to the insurance companies. Consequently, insurance prices increase, crippling consumer’s cash flow and quality of life. The ACA is covering up a problem that requires significantly more prudence. After addressing interstate commerce, the mandate of information regarding the cost and quality of healthcare insurance plans is essential to encourage comparison shopping. Then, after striking down legal and monetary incentives in the industry, the allowance of savings from frugality can pass on to the citizens. Finally, loosening regulations regarding building, changing and closing health care facilities will further increase the effectiveness of competition. In effect, citizens will benefit from removing the bandage of the Affordable Care Act. Even then, numerous social and private programs will still exist for citizens in

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