Question

In: Economics

Compare how much the United States and Europe spend on healthcare every year. Does the U.S....

  1. Compare how much the United States and Europe spend on healthcare every year. Does the U.S. spend comparatively more or less than other developed countries?
  2. Explain what metrics are used to measure health. Where does the United States fall, according to those metrics?
  3. Describe the rationale for the role of government in health care. To what extent is poverty a salient factor, in terms of government intervention? Explain.
  4. Describe how health care might be reformed to address high costs and limited coverage.
  5. Discuss the prospective advantages and disadvantages of a single-payer system, like that of Canada.   

Solutions

Expert Solution

The average amount spent on medicinal care per person in 2016 is $10,348 and in Europe is $5,198. The US has spent 18% of the GDP on health care and Europe (Switzerland) spends 12% of the GDP on health care.

A healthcare metric is quality measurement. The measures used to assess health are average hospital stay, treatment costs, patient waiting time, patient safety, patient satisfaction, hospital re-admission rates, etc. According to these indicators, the United States is considered to be the healthiest country with 73 ranks 35 in the world.

It also ensures the reliability and efficacy of the medicines and medical equipment, and encouraged research and development. Poverty was the main factor of illness, the Federal government plays an important role in overseeing and funding the health care system, by means of mandatory health insurance and other social insurance programs.

Because of the high cost, the USA needed health reform. Higher health care expenses dominate the Federal budget as a whole. The change involves ensuring universal healthcare coverage for all US people and lowering service rates. Reforms provide access to medical professionals, increasing healthcare quality and raising insured numbers.

The advantages and disadvantages of this program are many. Mention may be the advantage that everyone is compensated by, doctors are paid at the same price, private care is affordable, rates reduced and health insurance costs go home. The plan is payable for all prescription drugs from one pool of money.

The disadvantage is that it does not solve the problem of doctor shortages, there may be a long wait for specialized doctors, health insurance costs may not disappear completely, etc.


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