Nursing: USA healthcare system
Modern medical care remains a close resemblance of the ancient form traced back to the 1970s, much more alike to medical practice in 1970, 1925, or even in 1945. More coordinated and structured medical institutions at control, universal health coverage is nearly exceeding 80% of the entire global population subsidizing the safety area (Catlin & Cowan, 2015). This extensive coverage by public and private insurance firms has caused imminent impacts as the health sector hits 20% of GDP, causing the systems to be unstable and unsustainable posing significant changes within the next twenty years (Catlin & Cowan, 2015). Changes in health economics expenditure, health market economies, and policies are outlined in this paper. Don't use plagiarised sources.Get your custom essay just from $11/page
Changes in healthcare economics consequently influenced the lifestyle leading to a revolution of how health care is delivered at institutional and financial levels (Getzen, 2017). There occurred numerous changes, for instance, as shown below:
| In the 17th Century | In the 18th Century |
| Sole doctors delivering health care had Received individual financing GDP was less than 3% | Health systems Financed by partners and affiliations or federal governments GDP is more than 15% |
| Life expectancy was less than 48% Agricultural activities in rural areas Income was less than 6000 dollars | Life expectancy is above 78% and rising Infrastructure and services by facilities in Urban areas Income is more than 50,000 dollars. |
In the course of the two centuries, health economics and expenditure was a bit high as compared to expenditure in other sectors. In the rear end of the 17th Century, developments in medicine rise of living standards accelerated the growth rate. In the year 1930, expenditure in health was nearly hitting 4% of GDP, which then was sustained in the course of the WWII post wars (Getzen, 2017). Considerable expenditure was afterwards recorded attributed to a series of community investments and policies. Development in the healthcare economy rapidly grew, which was then moderated for the next half of the Century.
The Affordable Care Act was one of the significant health care policy implemented in the United States right from the formulation of the 1965 Medicare and Medicaid (Obama, 2016). The Affordable Care Act reformation and implementation saw a reduction of the uninsured populations from 16.0% in 2010 to 9.1% in 2015 (Obama, 2016). Additional changes have been noted in enhanced access to health care: for instance, the elderly populations have easy access to care raised by 5.5%, there is financial security due to decline of arrears sent to a collection of $600–$1000 for every individual covered by Medicaid coverage and health (2016). The policy has also changed in the way it processes health care payment systems, 30% of previous Medicare cash is currently channeled via other payment channels such as the corrective payments or community care aid firms.
References.
Getzen, T. E. (2017). The Growth of Health Spending in the USA: 1776 to 2026. Available at SSRN 3034031.
Catlin, A. C., & Cowan, C. A. (2015). History of health spending in the United States, 1960- 2013. Centers for Medicare and Medicaid Services.
Obama, B. (2016). United States health care reform: progress to date and next steps. Jama, 3 16(5), 525-532.