Health care premiums

Name

Instructor 's name

Course

Date

HEALTH CARE PREMIUMS

In recent times the spending on health care has been rising at a very fast rate in the US . It has been reported that this expenditure rose at a higher rate than the inflation rate in 2005 . This rise was about 7 and the cumulative spending on the issue in that year aggregated up to two trillion dollars . This amount of sum is about one sixth of the GDP of the US . It has been reported that at this rate the spending

on health care would reach 20 of the GDP by 2015 (Fletcher , 188

It could be ascertained that currently the employer health plan premium is about 11000 a year for a family of four and the individual premium per year is about 4000 . Thus it is obvious that the system relating to health care is charging at an excessive rate on basic expenses on administration and is accompanied by fraud , wastage , inappropriate care poor management and inflated price . Thus the basic focal point of service for the families is lost in the process as the cost of health and medical care is highly affecting lately (Dollard , 89-92

It can be stated that there is a serious issue on the parameters of the costs of health insurance of the employee and the employer . The premium of the employer rose about 8 where as that of the employee rose about 9 during the 2006 . During the same time frame the firms that consist of 24 or lower employees had to pay premium at a rate of about 10 . On an individual ground it could be estimated that a worker is paying about 1100 more than he was paying for health insurance back in 2000 for a family coverage . Thus it could be said that since 2000 the increase has been scaled to about a 90 higher rate . Thus it can easily be understood the level of difficulty that a worker goes through while paying the annual premium (Creek , 166

As a result it becomes the responsibility of the policy makers to act on the issue and prevent the speedy rise of insurance premium for the benefit of the general mass . It is true that health care policies have tremendous advantages on well being but is this is the price that a common US citizen is paying at the moment then it would be very difficult to ascertain whether to carry on with such policies or just scrap it . For a policy maker it becomes important to enforce a schedule that would let the less earning members of the community to have breathing space by providing them health policies with lower premium margins (Lamb , 243-245

Another important issue in this context is the rising problems of the health care premiums in parameters of medical benefits are the matter of spending related to national health care . It has been reported that at the current rate the spending would cover 5 trillion mark by...