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The Cost and Spending of Health Care: Why Universal Health Care

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THE COST AND SPENDING OF HEALTH CARE: Why Universal Health Care
06/18/2012

THE COST AND SPENDING OF HEALTH CARE: Why Universal Health Care
Health care cost and spending is a major concern for our society. Many governments around the world have established universal health care, which takes the burden of health care expenses off of private businesses or individuals through pooling of financial risk. There are a variety of arguments for universal health care and related health policies. Health care is an important part of health systems and therefore it often accounts for one of the largest areas of spending for both governments and individuals all over the world. For example, medical debt is now a leading cause of personal bankruptcy in the United States. A policy should be created to help lower the cost of health care.
One way that would help improve health care spending is to create a universal health care to make sure everyone is covered. By creating a universal health care, it will help decrease the number of lobbyers which in turn will cut government funding to those special interest groups. There are 45 million Americans uninsured and according to CNN report 45,000 Americans die each year due to lack of affordable health care. So by creating a universal health care, we can be sure to expect to see a longer lifespan for our population as is the case in countries that have a universal health care. Since this type of health care would be regulated by the government, the overall cost of care would be reduced with a more monitored system to reduce inflated costs for tests, hospital stays and procedures. Since the health care delivery is being monitored by the government, health care professionals will have to make better use of it and provide better care. Drug prescription price will go down because mostly generic names would be

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