The Pricing of Health Costs and its Effect on the Poor in the United Dissertation - 1

The Pricing of health Costs and its Effect on the Poor in the United States - Dissertation ExampleThese families must forcibly cut down on their health charge cost, which may ultimately lead to dangerous health consequences. In this context, the researcher will conduct a qualitative study (secondary research), that will explore the verbalism of the monetary costs and quality of life,as regards the present US health business system. Monetary costs and quality of lifein the context of US health care in US, health care occupies an important position within the U.S. economy graph (Fig 1). Observations by various experts reveal that every socio-economic class the health related expending keeps on growing, often moving ahead of the expenditure made on the other service sectors. This implies that each year the percentage of the health expenditure within the overall US economy pie keeps on growing. As the cost prices within the health care system increase, there is marge to be some s ort of a repercussion within the average household, especially amongst the families that fall down the stairs the federal poverty line. ... Even for those people that have insurances, rising health care costs ingeminate into getting less benefits each year, for the same amount of money. Fig 1 The US spends more health care than any country in the world. The figures as shown in the graph above represents health care expenditure for the year 2006, and during this year it was observed that an average US individual spends more on health care than on food, oil, or even gasoline (Source Mckinsey & company, 2008, 13). At an average estimate, America spends nearly $7,400 annually on health care per person, which comprises of about a 16% share within U.S. economy pie (fig 2). A olfaction at the year 2007 will show us that US health care spending was and then nearly $2.2 cardinal, which when evenly spread over the entire population amounted to about $7421 per head expenditure (Figure 2) . This $2.2 trillion represents 16.2 percent of the nations total economic activity, referred to as the gross domestic product or GDP. While the spending figures are by themselves impressive, however the chief area of concern is their rate of fast growth over the last few historic period. Fig 2 National Health Expenditures per Capita and Their Share of swinish Domestic Product, 1960-2007 (Source Health Care Costs- A Primer, 2009, 2). The graph (fig 2) shows the rising cost of health care per person in US. The growth in the last decade, starting from around 1990, and has been exponential. In 2009, the $7421 per head spending increase to more than $8000 per head, showing a jump of more than $500 per person, in just 2 years time (Centers for Medicare and Medicaid Services, 2010). Observations show that the rapidly increasing health care expenditure in US is comely a