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Free Market Healthcare Vs Socialized Healthcare

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Socialized Healthcare vs. the Free Market Healthcare System
In a free market healthcare system, the price of health insurance is mostly determined by demand instead of the quality and value of the plans. The steady rise of price has been attributed to the ongoing need of healthcare. The more expensive the Pharmaceutical Industry makes non-generic brand medication the more the insurance companies must spend to provide their customers with their medicine. A universal healthcare system will fix this problem, but the average taxpayer may end up with bigger expenditures. There are many more arguments from each side of the debate. The implement of a socialized healthcare system will fix many problems in the current system, but can also lead to as …show more content…

In 2012, government health care programs such as Medicare and Medicaid used 21% of the federal budget. Data shows that Obamacare may increase the federal deficit by $340-$700 billion in the first 10 years of implementation. In addition to this, not everyone will be covered under Obamacare. The argument here is that if everyone was covered, it will cost the United States even more. On the opposing side, it is argued that costs of medication and plans would be lowered if health care was provided to all citizens. A study in the American Journal of Public Health shows that the United States spends almost twice as much as Canada, one of the many countries that provides universal health …show more content…

Socialism is the political and economic theory that the government should regulate the economy and all production of goods. The universal health care system is classified under socialism because the government pays all bills and can distribute care as they want. Former President Ronald Reagan believed that the first step of imposing socialism on the people will be through medicine, and that "behind it will come other federal programs that will invade every area of freedom." This argues that the economy should set the price of health care instead of the government. On the other side, it is said that health care is a basic human right. There are some cases where it is internationally documented. The United Nations sign a document in that declared human rights. One of the rights that was declared was medical care. Universal health care supporters use this as the main pushing power in getting universal health care implemented in the United

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490 Words | 2 Pages

The government primarily provides Heath insurance for the public Spector, as 60-65% of healthcare spending comes from insurance program coverage such as Medicare, Medicaid, CHIP, or Military/Veterans coverage. Those who are eligible to be covered under public insurance, which is roughly 21.1%, are covered under programs such as "Obamacare" named after the current president of the United States, Barack Obama. Even though Obamacare is a huge step in the right direction for healthcare coverage, families are still paying out-of-pocket monthly for health coverage. If you do not fall under the eligibility for any kind of healthcare insurance, you will be left

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There is an increase in healthcare spending in the United States. In 2014, about one of every five dollars or nearly $3 trillion dollars was spent on health. At the current rate, it is estimated that in 2020, the US will spend $13,710 per person and 20% of GDP on healthcare. In efforts to provide greater health care coverage, recent healthcare legislation (Affordable Care Act) guidelines changes insurance reimbursement for providers.

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One of the longest standing debates in the U.S. has been a universal health care system for the nation. Supporters for such a system have argued that it would bring down costs and increase access to care, while opponents said it would be too expensive and would reduce the quality of care. The Affordable Care Act of 2010 is one key controversial attempt to bring a form of health care to America. Proponents from both sides of the argument have presented editorials of their opinions with varying degrees of objectivity with several types of evidence. Supporters of the system have often quoted a need for fair and equal coverage for all.

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A Call for a Single Payer Universal Health Care System As the 2016 Presidential Elections draw near, the topic of much debate is that of healthcare. Some candidates vow for universal healthcare and mandate health insurance for all, while others believe that tax credits and health savings accounts will resolve the current crisis. Consequently, the nation has been divided on which plan to support and move forward with. Some fear universal health care will diminish the quality of care and lead to long waits, while others fear that health savings accounts and tax credits won’t be enough to insure all and will do little to diminish the administrative costs of the current system. Ultimately because healthcare is a basic right that should be guaranteed

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As I am sure you are aware, President Trump has recently moved forward with his plans to repeal Obamacare, also known as the Affordable Care Act (ACA). This act, signed into law in 2010, has provided, as the name suggests, affordable health care to Americans. Along with this new accessibility, ACA also made it less likely for someone to be turned away due to preexisting conditions as well as provide tax credits to lower income participants. According to Tami Luhby of CNN, “a total of nearly 30 million people would become uninsured if lawmakers repeal but don’t replace Obamacare” (23). On top of the possibility of losing Obamacare, in the most recent budget report, Medicaid is facing a one trillion dollar cut over the next decade.

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The high cost and low quality of the current system creates the obvious reality that the status quo is failing. The government has tried a free-market and universal approach to the issue, and they have both failed to accurately combat the current problems. A Single payer system may, in fact, increase taxes, but it would help business which, in turn, would help the American economy as a whole. A single payer system is an effective way to completely eradicate the current problems. The issue of climbing premium would no longer be an issue under Single Payer policy, as it effectively circumvents the issues with risk in the health insurance market.

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In America, universal healthcare would diminish principles important to the functioning of society; specifically, it would diminish individual liberty, free enterprise and free markets, and the right to life. In as much as the government bureau mandated by universal healthcare makes decisions concerning the health ways and medical treatment of individual Americans, it diminishes individual liberty. The purpose of

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The health care universal system would raise the cost because free health care isn 't really free because it comes out of every body 's taxes that pay taxes. Doctor’s flexibility decrease because of how many patients they have to see a day they do not have enough time and seeing one hundred parents a day is above their pay grade. People who are well and have a good track or taking care of themselves and don 't need a doctor pay for those who are obese, healthy people who don’t feel the need to pay for health care shouldn 't if they don 't go to the doctor. People who have business are becoming unfavorable. Health care is expensive currently and the quality that doctors give you is not to their full potential.

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The United States government is already very involved with insurance with Medicare and Medicaid. Medicare is already the second largest provider for insurance, covering 43.5 million in 2013. If Medicare and Medicaid was not available it would leave millions insured. If these millions had no insurance it would likely lead countless health problems in United States. These programs are specifically targeted to individuals who have no access to insurance or can not afford insurances.

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Moreover, there are strong financial justifications for universal healthcare. Evidence demonstrates that universal healthcare can result in long-term cost savings for both individuals and the government, dispelling the myth that it is not financially viable. For example, compared to the United States, nations with universal healthcare systems frequently spend less per person on healthcare and get better health outcomes. America may achieve overall cost reduction and increased efficiency by promoting preventative care, negotiating cheaper drug prices, and streamlining administrative costs by implementing a universal healthcare model (Kahn & McDonough, 2018). III.

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Also, many people know that health care creates some positive externalities. A good medical system can contribute to a successful economy. An economy will be improved by people being treated quickly/efficiently which will help the improvement of labor productivity. In free-market system, this positive externality is ignored and therefore the health care market

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The United States is the only Western nation that does not authorize free health services to its people. The cost of healthcare to the uninsured is beyond prohibitive, and insurance plans are far more captivated with profit costs, rather

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It is very simple. Taxes will increase more than what they already are just so all individuals can have health care (Emanuel & Fuchs, 2005 and Healy, 2009). Best Objection: The major objection to this is also the primary point which is costs.

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One of these countries that have a single-payer health care system is Canada; who spends half as much per capita on health care as the U.S (“Right to Health Care”, ProCon. Org). Canada isn’t the only country that manages to spend less of their GDP on health care than what the United States uses from theirs. Not only do these countries spend less money than the U.S, but they also perform better than them in the medical department according to the standard public-health

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Health care should not be considered a political argument in America; it is a matter of basic human rights. Something that many people seem to forget is that the US is the only industrialized western nation that lacks a universal health care system. The National Health Care Disparities Report, as well as author and health care worker Nicholas Conley and Physicians for a National Health Program (PNHP), strongly suggest that the US needs a universal health care system. The most secure solution for many problems in America, such as wasted spending on a flawed non-universal health care system and 46.8 million Americans being uninsured, is to organize a national health care program in the US that covers all citizens for medical necessities.

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