Funding The Rising Cost of U.S. Health Care

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Running Head: FUNDING THE RISING COST OF U.S. HEALTH CARE Funding The Rising Cost o f U.S. Health Care Isabela Filip Discuss the economic implications of the rising cost of health care in the United States, focusing on its impact on GDP, employment, inflation, and national savings. Additionally, evaluate the effects of the Affordable Care Act on employment, healthcare costs, and insurance coverage, comparing its advantages and disadvantages with private insurance. Support your analysis with relevant data and references. Your response should be between 1,500 and 2,000 words.
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FUNDING THE RISING COST OF U.S. HEALTH CARE 2 FUNDING THE RISING COST OF U.S. HEALTH CARE The US health care sector takes up more than a 6th of the economy. At present, it represents 18% of the GDP. By 2021, it's assessed that health care will be about 20% of the GDP and 34% by 2040. As indicated by the CDC, in 2007, the national health care expenditures in the United States totaled $2.2 trillion or 16% of its total national output, a 14% expansion from 2000. This speaks to a normal of more than $7,400 per individu al. Measured up to other developed nations, the US is the greatest high - roller in the health care sector The growing cost of health care i s not practical. The growth in the expense of health care has negative impacts on the economy as I would see it . According to ASPE (2005), this rise in

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