Sign Up Now
Get instant access to over 1 million+ study documents
OR
Already registered? click here to login
By creating your account, you agree to our terms of service, privacy policy and student honor code.
¶ … Health Care Focus
Any American who has paid the least bit of attention to the country's economic standing throughout the past few years has an understanding that the United States Health Care System is an entity that comes into the discussion of economics as quickly as any finance-based corporation or business. In recent years, the issue of health care has come into play within the discussion of economics, in addition to becoming one of the biggest industries within the country in terms of economic profit and business generation. In his article for the Kansas City Business Journal, journalist David Twiddy takes a look at how the connection between economics and health care has come to fruition within the state of Kansas, where health care remains one of the state's leading industries.
In Kansas, $10.2 billion in payroll was generated in the health care industry in 2011 alone, as more than 11% of the state's job holders are employed within the health care industry (Twiddy 1). Additionally, hospitals, operating within the health care field contribute significantly to the state economy, fielding nearly 74,000 jobs and funneling $4.2 billion annually in direct labor spending. In viewing the health care system within Kansas, one can immediately see that...
As health care systems both benefit society through job growth, and benefit the economy through direct spending, the health care system is certainly a force to be reckoned with in terms of economic influence.
Critical Analysis
In viewing the type of job creation and overall economic growth that the health care system has had within the state of Kansas, one can better understand how small state-level health care systems have the capacity to generate significant profits and revenue, which in turn provide for economic stability and prosperity within the respective states' health care systems. One could assert that successfully-run health care systems within the states do more to add to the bigger national economic picture than national mandates can. For example, recent "Obamacare" initiatives have shown less economic impact than is seen through the successful operation of state health care systems. One would imagine, then, that the successful operation of each respective state's own health care systems would serve to better the "bigger picture," in essence adding piece by piece to a greater whole -- the national economy and national health care system.
Critical Question
In viewing this type of analysis, one can wonder if it would not serve the…
Last year, hospitals saw their collective labor force swell by 18% to 73,890 and their payroll grow by 30%.
"Hospitals and health services truly represent an economic anchor in our state," association CEO Tom Bell said in a release.
Link: http://www.bizjournals.com/kansascity/news/2012/03/01/health-care-generates-102b-payroll.html?ana=e_vert
Healthcare The American Medical Association (AMA, 2011) lists more than eighty careers in the healthcare industry. All Health Care (2011) points out that ten of the twenty fastest growing occupations are in healthcare fields. The fifteen most promising jobs in the healthcare industry include home health aides, medical scientists, physician assistants, athletic trainers, dental assistants, dental hygienists, veterinary techs, physical therapy assistants, medical assistants, veterinarians, physical therapists, occupational therapy assistants, radiation
The amendments have had practical impacts such as repealing the tax mandate of the employer, health insurance tax of small businesses and decreasing the burdens on individuals and businesses. The compliance cost for small business owners has risen by 36% higher than that of larger corporations. Similarly, the average U.S. citizen has already been overtaxed. Since the passing of the Affordable Care Act, Americans have not enjoyed the benefits that
Healthcare Reform Revised We know that the burden of diseases is increasing all over the world. The percentage of people suffering from diabetes, cardiovascular and pulmonary diseases has considerably increased in the last decade. It is noteworthy here that the importance of preventive care now comes at par with the importance of curative care. Considering the prevalence of diseases and the health status of the American population, President Obama introduced a
Health Care Costs and Health Care Quality The Robert Wood Johnson Foundation, dedicated to improving the health and health care of Americans, focuses on research, publication and funding. Two of its articles, "What is the National Quality Strategy?" And "What's the price of health care?" focus on several important issues of national health care. By simplifying the explanation of our National Quality Strategy and examining several states' attempts at health care
Healthcare Delivery System Health care delivery system This essay is based on the health care delivery system and in a bid to elaborate more on this topic; the essay will begin with a description of the current health care delivery structure in an organization, then a comparison of two different health care delivery systems will be done. Thirdly the effects of licensing and regulatory factors on health care delivery requirements will also
As a result, millions of Americans remain unable to bear the heavy financial toll of medical expenses. Indeed, the problem of a lack of insurance for many is related to the problem of the cost of healthcare. So confirms the article by Consumer Reports (CR) (2008), which finds that "health-insurance premiums have grown faster than inflation or workers' earnings over the past decade, in parallel with the equally rapid