Health Care Cost Of The United States - 1564 Words

Health care cost The rising healthcare cost is an issue that affects many working class Americans. Experts have tried to come up with different ways to make health care more affordable and easily accessible to all. Despite all the efforts and even after the Affordable Care Act, there are still millions of Americans without health insurance coverage and therefore unable to access the necessary medical care. According to a 2015 report by the U.S Census Bureau, there are over 33 million uninsured Americans. (â€Å"Health Insurance Coverage in the United States: 2014 - p60-253.pdf,† n.d.) The Affordable Care Act has unquestionably made healthcare more accessible and reduced the number of uninsured Americans. However, there are still millions of†¦show more content†¦Most working class Americans get healthcare insurance through their employer and or purchase their coverage through a private insurance. What most of us don’t know is how the premiums we pay for our coverage are calcula ted. Cost of premiums area a direct reflection of the costs associated with our consumption of medical services. Cost of medical services includes doctor visits, hospital stays, and medical devices as our consumption of these services increase premiums also increase. (â€Å"America’s Health Insurance Plans - Premiums 101 – How Are Health Insurance Premiums Determined?,† n.d.) One of the causes for the rise in health care consumption is that fact that we are living longer. When people are living longer there is a higher cost associated with it and most of the healthcare cost is incurred towards the last few years of our life. As we get older and the aging process begins to set in and our body stops functioning like it used it. Daily activities such as getting dressed, going to the bathroom and such will be much harder to do with out the help of a family member or a caretaker. But the sad reality is most working families don’t have time to help out grandma or grandpa because they have to work two or three jobs to put food on the table and pay all the bills. So grandma and grandpa will end up in a retirement home, nursing home, or assisted living facility based on their need level. And costs for anyone of these