Health Spending
For several decades, the rapid increase of health spending in the United States has been the subject of many discussions and great scrutiny. For additional background on this subject, read the following articles:
- Article 1
- Article 2
- Article 3 Article 3 – Burnette Financial Group – retirement articles. https://burnettefinancial.com/
news/
Based on the information that you gained from these articles and in this course, how does the growth of health care cost impact the government and employers? Complete the following:
- Articulately summarize the growth and impact of health care costs.
- Analyze the essential indicators of economic benefits per unit on the country’s gross domestic product (GDP) and on employment.
- Based on your research, give recommendations for improvement or change.
Ensure that you integrate economic terms, frameworks, and models throughout the review.
Answer previewHealth care costs have been proliferating within the last ten years, and this is attributed to some several factors. One of the reasons for this is the increasing number of aging populations who are most vulnerable and have high chances of suffering from chronic diseases. The out of pockets costs and the emergency costs have also been on the rise, and this has led to an impact on the overall health of the people of America (Burnette Financial group. Inc., n.d,). With the affordable care act, some decency was…(500 words)