Health Care Spending Essay

687 words - 3 pages

Health Care Spending Paper
Mary Guzewicz
HSC/440
May 14, 2010
Bruce Nave

Health Care Spending Paper
With in the United States the health care cost for individuals has increased and will continue to increase. This is in a major way due to the fact that equipment, research and technology are always increasing. This paper will discuss what healthcare spending has increased and in which state has a high amount of healthcare spending. The paper will also discuss possible changes that may help lower the cost of three part of our major health care spending.
There is wide variation in health care spending across the United States. Health care spending has been on the rise for ...view middle of the document...

National Health Expenditures by type of service and source of funds, CY 1960–2008.
From the chart above the high spending happens with-in the public sector in aspect this is Medicare and Medicaid. The chart shows a higher percent of cost for home health care, durable medical equipment and prescription drugs. With shorter hospital stays and the majority of recovery time being done in the home then the cost for this service would be increased and will continue to increase in the future. The cost of medical equipment is on the rise for the fact that technology cost in many ways from the machine to the cost of training individuals to run the machine. Lastly the amount of prescription drugs is another place that the cost of spending is high due to research and development. With research there are costs that are acquired and the researching company needs to re-coop the costs of that research. If these costs could be reduced some how that would lower the spending cost and in turn health care cost would decrease.
According to (Chernew, 2010)...

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