Current and Future Economic Issues Impacting USA Healthcare Sector

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Running head: ECONOMIC ISSUES IN THE USA HEALTHCARE SECTOR1Current and Future Economic Issues Impacting USA Healthcare SectorNameInstitutionDiscuss the current and future economic issues impacting the U.S. healthcare sector. Youranalysis should include challenges related to affordability, healthinformation technologyinvestment, reimbursement realignment, inefficient coverage costs, and redundant policies.Provide evidence-based arguments and suggest potential solutions. (Word Count: 2000-2500words)

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ECONOMIC ISSUES IN THE USA HEALTHCARE SECTOR2ABSTRACTThe healthcare sector in the US has been in the spotlight for some time now regardingeconomic issues that threaten to impede the entire system. This has led to an outcry especiallyfrom the public that tends to feel the pinch the most and things keep on getting worse by eachday. There is a focus on the over 46 million Americans who are uninsured, as well as the insuredpeople, continue to grapple with the problem of the ever increasing and the resultant out-of-pocket costs. The Obama Administration and the Congress are continually engaged in ways thatcan subsidize health care spending, but they as well as other stakeholders need to move withspeed in order to restore some bring the sector under control.

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ECONOMIC ISSUES IN THE USA HEALTHCARE SECTOR3INTRODUCTIONIn the ongoing conversation, the issue of the uninsured Americans and what can be doneto rectify the situation has been on the forefront. However much this might be true, it is alsosignificant there are also other economic issues that are equally pulling the nation to its bare feetand which deserve to be addressed within the shortest time that can be afforded. The rising costof the health care in the entire nation has elicited feelings of dissatisfaction from the public. Inaddition, there are many questions that have been raised about the efficiency and quality of thecurrent care especially in regards to the little or total lack of support for the care providers. Theseproviders are the ideal ones to be used by the government in understanding the care managementand disease prevention that would eventually in the most cost effective care system (Elhauge,2010).The care system in the United States has been found to have the best medical personneland facilities in the whole world. The only shortcoming is that the system is not efficient enoughand the other industrialized nations are advancing in the same sector as they have realized that ittakes more than just the world class facilities and the professional and experienced personnel toget the system moving. The following is a look at the top economic challenges that are facing thecare systems and how they can be remedied.Affordability/costThere are many individuals struggling with the current health care rates but still theycannot manage to cater for them and the entire household. There is also a heavy expenditure onthe side of the government the highest being the year 2007 in which over $2.2 trillion was spentin the care sector, translating to about $7, 421 per person. This rate is almost as twice the rate of

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