Question

• How would you suggest the United States reduce the cost of medical health insurance?

• Why do you think the United States has not adopted the approach to health care as Canada, France, and much of the developed world?

Answer 1

Medical Health Care Services are of much higher cost in United States. The reason of higher cost is the more prices for same services as compared to other countries. There is also an another factor which increases this healthcare cost. This is "overuse of healthcare services" by common people.

More units are consumed there. Higher administrative costs are also a big reason for cost hike. USA is the most developed country this world. This causes very high per capita income. It also increases the cost. Government interference is also on lower side which also causes hike in healthcare services.

It can be controlled through taking following steps-

1. People should be made aware about savings on healthcare services.

2. Benefits of medical insurance must be utilised on higher side.

3. There should be perfect planning for future emergency cases.

4. Some amount should be saved in bank in the name of Health Care Service Account.

5. People should be motivated to take good care of their health.

USA has a most developed economy. Its citizen has very high income. They are also covered by their employer. They are also habitual of regular health checkups. All these may be the reasons that USA does not have healthcare policies like other countries. USA does not have healthcare policies like other countries but it is among the top most countries of world in terms of providing better health care services.