Financing Health Care In The US Term Paper Example | Topics and Well Written Essays - 1250 words

Financing wellness Care In The US - Term Paper Example wellness insurance can actually be availed through an employed individuals employer or through the employers of either the spo enforce or parents, as applicable. Health insurance can also be purchased individually depending on ones capacity or financial status, and the required scope and contents of health insurance coverage. The problem is eminently evident for those Americans who are unemployed and could not afford to purchase health insurance coverages. Further, those who are employed also favor to drop insurance coverages because of two reasons as pr declareed by Siegel, Mead and Burke (2008), to wit (1) the number of employers offering health insurance benefits to their personnel (including beneficiaries) hold back probatoryly declined and (2) those employers who offer health insurance benefits have opted to require increasing amounts of employee participation in premium payments, which are deemed by employees as virtuall y unaffordable. With increasing number of large number who opt to waive availment of health insurance coverages, more unemployed and employed people without health coverages opt to tap the governments health packages for Medicare and Medicaid, thereby increasing the need for more financial resources to support and sustain the expenditures for this sector. Components of Health Care Sector Expenditures The paper written by Seshamani, Lambrew and Antos (2008), one of the most significant revelations was that the increasing cost in health care expenditure is accounted for by tax subsidies shouldered by the federal government from the health insurance premiums and link costs declared by employers. As indicated, the cost of tax exemptions from contributions made by employers and employees are... A more structured and plausible approach was recommended by Flier, who suggested that veracious and effective reforms could only provide the needed solution to the health care dilemma when the root causes are truly identified. In his article, the root causes were identified as the unjust employer-based tax advantaged system, restrictions and overregulated health insurance market, and the presence of both Medicare and Medicaid programs. In this regard, Flier recommended the following a restructuring of the tax shelter system to encourage change magnitude players in the delivery of both health care and insurance to decrease the exorbitant health care costs and to evaluate and closely review the first step of reforming both Medicare and Medicaid programs in terms of the kind and quality of expenditures, as well as closer screening of the beneficiaries to determine alternative options for cost reduction and the use of cost effective interventions, in the long run. The objective of the essay to proffer relevant and critical issues pertinent to financing and the delivery of health care go in the U.S. was hereby accomplished through provision of the current status of health c are in the U.S. prior and by determining the significant components in health care expenditures that are the real culprits of the health care dilemma.The proposed measures to reform the health care system in the US using strategies and plans should encompass policies and regulations that have the ultimate welfare of the population in mind.