Health Care to Answer This

Health Care To answer this question effectively, I will start with the general notion that all human lives are created equal. If one subscribes to this notion, which I do, then the obvious choice would be that of the first. Currently, America is the world's wealthiest nation with nearly $16 trillion dollars of GDP projected for 2014 alone. The nation has roughly 312 million individuals who live within it. As such, per capital the nation produces roughly $50,000 worth of GDP. The nation therefore is very wealthy simply on a GDP per capita basis.

Everyone participates in this market economy as 70% of the nations GDP is produced from consumer spending. When an individual purchases an iPod, or Nike shoes, or a book on Amazon, the nation as a whole becomes prosperous. As consumers purchase goods, businesses employ individuals to manufacture still further goods to be purchased. These employed individuals subsequently purchase goods themselves. The money raised from this activity is taxed and used to provide services such as welfare, student aid, fire departments, police departments and so forth.

Society as a result of a market economy is prosperous. The same should be true for health care. In a wealthy nation, health care should be provided to all individuals of society, irrespective of social economic status. As such, option one, the ability to allocate resources to do the greatest amount of good for society is the best. It allows those who are prosperous to help contribute to those that are less fortunate, while also maintaining the overall stability of the economy that made them wealthy to begin with.

By doing the greatest amount of good with available resources, more individuals in society benefit. Much like the example mentioned above, when a majority of individuals are successful, the nation as a whole prospers. In this example, healthier works are more productive. They take fewer days off. They also have the ability to work longer hours to produce more goods for society. It is my belief therefore, as a very wealthy family it is the obligation of the group to help those less fortunate. In this instance, health care (Kim, 1976).

There is an opportunity cost associated against the population for not implemented this policy on a nationwide basis. For one, the money allocated towards health care will help prevent illness. Illness associated with absenteeism, tardiness, and lack of productivity can cost society billions of dollars. Various studies have been conducted to measure productivity loss in the workplace due to worker illness.

Results show that not only does the business suffer when a worker is absent from the job, but productivity loss can also occur when a worker is suffering from illness and attempting to work. The American College of Occupational and Environmental Medicine also cites idle assets and benefits paid to absent workers as additional costs an employer must deal with when productivity is lost due to illness.

Furthermore, the costs of hiring and training replacement workers can be a significant expense to employers that is often difficult to measure across broad areas of industryTherefore the dollars allocated towards healthcare, ultimately help prevent still further damage.