What Are The Pros And Cons Of Universal Healthcare

Everyone agrees with the following facts: the wealthier the nation, the expenditure on health care are more likely to consumed large portion of national wealth. In the U.S, healthcare expenditure accounted for the The rising expenditures has overshadowed a serious issue - that of escalation of number of people uninsured and the cost problem affects all sector of economy. Unlike other developed nations, the United States does not provide universal healthcare insurance to all of its citizens. They offer publicly-funded insurance cover is through programs such as Medicare, Medicaid, and Children’s Health Insurance Program. Also paid through private insurance. Publicly funded programs are designed to provide supplementary medical insurance for

Cost are lower, lower the financial burden of out of pocket expense, more services are provided to people and having superior health status.(Goran pp29). For many critics of U.S healthcare system, the Canadian universal healthcare system sets a alternative models for U.S to follow. In Canada, their health care system is mostly publicly funded, single payer system in each of provinces provide equal access for all of its citizens. Regardless of personal income or health status. Canada spent less far than did the job U.S., each provincial health plan is responsible for controlling medical costs. Whether through fixed financial budgets, regulate predetermined fees or restricted capital investment. While spending less, their population enjoys high level of satisfaction, and they managed a significantly higher life expectancy. In Germany, the sickness insurance funds are their provision of publicly healthcare system. Small portion of population, generally wealthy, held private health insurance. The German experience similar health insurance regime that American are now living under. As the cost of sickness fund continue to rise, a immediately reform called to rein in those costs. They carefully control all types of medical spending, these included drug expenditure, managed costs in disease-management program. Their cost control efforts keep healthcare expense in a line with countries revenue, and

There are possible factors that drive the excess cost growth. Technology, serve as a key determinant of overall high spending. In many cases, advance medical equipments improve the treatment method for certain condition, increase overall life expectancy as well as improve the quality of life among individuals. Not surprisingly the cost for better life is high. But, experts also believe that that U.S healthcare system often pay for the new technologies that are ineffective and redundant than pre existing ones. For example, angioplasty (a metal stent used to reopen narrowed blood vessels.) doesn’t prevent heart attack and chest pain any better than drug therapy. Yet the price of angioplasty is far more expensive than prescription drug. Other surgical equipments for spinal fusion and proton-beam accelerator in treating prostate cancer show no known medical value compared with other cheaper alternatives. The aging and growth of US population account for the largest share of spending growth. The World Health Organization estimated the number of people who aged 65 or older are expected to be over 80 million in next 25 years. The demand for pharmaceutical products increase. And the chance of getting high risk health conditions that are expected to increase with the rapid growth in elderly population. Illegal immigrant contributed to population growth in the U.S. The number of people who live illegally in the United Stated is