As the technology progresses throughout the world there is also a great progression in the health care field. Millions of people throughout the United States are seeing a huge increase in their health insurance premium rates. Physician’s, hospitals, parmasutical companies and the government are getting the blame for this large increase in rates. This essay is going to get to the bottom of this issue. American’s are wondering why their insurance rates are plumiting while their coverage is decreasing. There is an obvious shortage in health care workers from Doctors, to physician assistants, to nurses, are hospitals paying employee’s too much that they have to cover their cost by rasing insurance premiums? Much of American’s elderly are wondering how they are to pay for Medicare. This essay is going to find out if these rising cost are going to see an end in the near future.
Around 47 million American’s are uninsured because they are unable to afford the cost of health insurance. Unfortunately the United States spends a large amount on health care while other countries spend little but are able to supply all of their citizens with health insurance. The United States expects health insurance to reach around $3trillion by 2011 (http://www.nchc.org/facts/cost.shtml).
Many employees do not realize that health insurance premiums have increased 6.1 percent this year alone (Freudenheim 2007).
President George W. Bush tried to help American’s by putting forth a proposal that eliminates high deductible insurances. President Bush claimed that insurances by employers make the employee purchase the more expensive plan so that they have a lower deductible. The president proposes that all insurance buyers should be on an even tax footing. This proposal is to help motivate people to seek only the amount of insurance needed for their families to help control the increasing health care cost. Many people say this is the only way to bring health care insurance down to a norm...