Overspending: Government Health & Medical Essay

Corrective Strategies:

Since the current state of the government's health programs is broke and indebted, there is a huge need for the adoption of effective strategies and actions to correct the tragedy. Some of the most suitable actions to correct the situation include legislative modifications, increase in revenues, and establishment of a private charity. First, the legislative modifications contribute to improved and sustainable long-term projections for the costs of government health programs. Such action would also be helpful in correcting the tragedy by enabling officials to lessen the adverse effects on helpless populations like lower-income workers and those who are currently dependent on the benefits of these programs.

Secondly, the establishment of a private charity to raise funds from willing financiers in order to assist the poor in receiving the necessary medical care would also help in correcting the tragedy ("We're Broke" par, 4). Such an action would be beneficial as compared to the government's attempts to promote incremental socialism and mandatory re-distribution of wealth. The third corrective action is to promote the increase in government revenues that will lessen the ongoing increase in federal debt. Revenues should increase substantially in the annual GDP in addition to minimized spending from projected levels.

Conclusion:

An analysis of the health care industry shows that...

...

There is need for the adoption of corrective actions for the tragedy such as increasing federal revenues.
Works Cited:

Johnson, Toni. "Healthcare Costs and U.S. Competitiveness." Council on Foreign Relations. Council on Foreign Relations, 23 Mar. 2010. Web. 07 Mar. 2012. .

United States. Congressional Budget Office. The Long-Term Budget Outlook. Congressional Budget Office, 30 June 2010. Web. 07 Mar. 2012. .

United States. Social Security Online. SSA Logo: Link to Social Security Online Home Status of the Social Security and Medicare Programs. By Charles P. Blahous III and Robert D. Reischauer. Social Security Online, 5 May 2011. Web. 07 Mar. 2012. .

United States. The Congress. Government Spending on Health Care Benefits and Programs: A Data Brief. By Jennifer Jenson. Congress, 16 June 2008. Web. 8 Mar. 2012. .

United States. United States Department of Health & Human Services. Office of the Actuary. 2010 ACTUARIAL REPORT on the FINANCIAL OUTLOOK for MEDICAID. By Christopher J. Truffer, John D. Klemm, Christian J. Wolfe, and Kathryn E. Rennie. Centers for Medicare & Medicaid Services, 2010. Web. 8 Mar. 2012. .

"We're Broke, So Why Do We Even Argue About Government Healthcare?" RonPaul.com. RonPaul.com, 10 Sept. 2009. Web. 8 Mar. 2012. .

Sources Used in Documents:

Works Cited:

Johnson, Toni. "Healthcare Costs and U.S. Competitiveness." Council on Foreign Relations. Council on Foreign Relations, 23 Mar. 2010. Web. 07 Mar. 2012. <http://www.cfr.org/health-science-and-technology/healthcare-costs-us-competitiveness/p13325>.

United States. Congressional Budget Office. The Long-Term Budget Outlook. Congressional Budget Office, 30 June 2010. Web. 07 Mar. 2012. <http://www.cbo.gov/publication/21546>.

United States. Social Security Online. SSA Logo: Link to Social Security Online Home Status of the Social Security and Medicare Programs. By Charles P. Blahous III and Robert D. Reischauer. Social Security Online, 5 May 2011. Web. 07 Mar. 2012. <http://www.ssa.gov/oact/TRSUM/index.html>.

United States. The Congress. Government Spending on Health Care Benefits and Programs: A Data Brief. By Jennifer Jenson. Congress, 16 June 2008. Web. 8 Mar. 2012. <http://aging.senate.gov/crs/medicaid7.pdf>.
United States. United States Department of Health & Human Services. Office of the Actuary. 2010 ACTUARIAL REPORT on the FINANCIAL OUTLOOK for MEDICAID. By Christopher J. Truffer, John D. Klemm, Christian J. Wolfe, and Kathryn E. Rennie. Centers for Medicare & Medicaid Services, 2010. Web. 8 Mar. 2012. <http://www.cms.gov/ActuarialStudies/downloads/MedicaidReport2010.pdf>.
"We're Broke, So Why Do We Even Argue About Government Healthcare?" RonPaul.com. RonPaul.com, 10 Sept. 2009. Web. 8 Mar. 2012. <http://www.ronpaul.com/2009-09-10/were-broke-so-why-do-we-even-argue-about-government-healthcare/>.


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