Question

Answer the following questions.......

1.) Select one of the key components of the Federal Government's National Health Care Program and explain what that component includes.

2.)Share what economic effects you feel you have already seen or expect to see in the future with the national health care program.

3.)How do you feel the national health care program has impacted you personally up until this point?

Answer 1

One of the key components of the Federal Government’s National Health Care Program is Health insurance regulations. This includes that all the private health insurance plans should completely satisfy all the federal rules and regulations pertaining to it. The health insurers should be covered under the conditions to be applied to them, including those who already have any of the health-related issues prior. The health insurance premium should increase as per the age of the person. Ceilings are to be placed on the health insurance premium which is increased for the elderly people.

The rapid increase in health care spending lowers the rate of growth of the economy in GDP and it also decreases the overall employment but raises the inflation in the economy. No doubt it would result in a better quality of health care facilities, more number of people will be getting a good quality of health care facilities but when it comes to the economic point of view, then rising spending on health care can result in the decrease of growth in the economy. According to the recent times, the need of health care is been increasing as per the pandemic and in this situation on health crisis, the money spent on health care amenities has been much more than normal situations, this will not only affect the economic growth of the economy just in time but also for a longer period of time.

The health care program of the Federal Government has impacted everyone’s life at one or the other point in time. Health care program not only includes the facilities of hospitals and clinics but also the medical stores and the general drugs. No doubt the quality of health care facilities and medicines have increased. Not only the ones consuming the goods and services related to health care but also the providers of that service have also been impacted much more personally than anyone else. Doctors, nurses, compounders and many more health care service providers have been affected with the national health care program. The quality of their services and the medicines and many other essentials of health care have been bettered due to the national health care program.