Critical Analysis Essay Example | Topics and Well Written Essays - 500 words - 2

Critical Analysis - Essay Example Healthcare expenditure of the United States constituted almost 17% of the GDP. Healthcare costs rise at a rate faster than the income of the nation. Healthcare costs are expected to rise in future. A control in the rise is the need of the hour as healthcare costs are negatively affecting the growth and economic stability of the nation. Even though health care systems of America are benefited from the investments in healthcare, the heavy increase in healthcare costs, increasing federal deficit and the general economic slowdown are negatively affecting them. Medicare, Medicaid and other health-insurance coverage sponsored by employers are extremely burdened with increasing healthcare costs. Family premiums available for healthcare coverage sponsored by employees also increased, putting trouble on workers as well as employers. Income of workers is growing at a fast rate when healthcare costs are increasing at a fast rate. Medicare and Medicaid and other government systems contribute a b ig chunk of healthcare expenses. However, compared to private insurance government programs are increasing at a slow rate. Enrolment in government programs have increased significantly because of economic recession. Expenditures of government programs have increased considerably these days. The high spending figures is putting government programs under great pressure. Affordable Care Act or The Patient Protection Affordable Care Act signed by US president in 2010 is considered as a highly beneficial healthcare reform (Mantel 221). It is a far-reaching and useful healthcare reform. It is expected to bring good result like what Medicare did. This Act makes the Health and Human Services (HHS) department to offer essential health benefits to people. These benefits should be dispensed through health plans, covering the plans that include in the health insurance markets. However, this process that extends