The Impact of Broken Health Care System in the United States
The documentary is informative and insightful providing an in-depth review of the broken US healthcare system. I learned a lot from the documentary, which utilizes real life examples of employees, employers, industry experts, and government officials to paint a clear picture of the state of the US healthcare system. Healthcare premiums have doubled over the last decade with consequences including the increased operating costs for firms, significant negative impact on profitability and inability of workers earning minimum wage to pay premiums. Despite the increased premiums, US citizens are not covered enough and realize when it is too late when they are hospitalized and have to pay for healthcare out of their pockets. High healthcare premiums have caused hiring freeze by companies, transfer of pay rise allocations to insurance payment, and 40% of unnecessary deaths from lack of insurance coverage. Healthcare costs are becoming intolerable for businesses reducing employment, limiting profitability, precludes budgeting and expansion by businesses, and could cause business bankruptcy especially when an employee suffers from diseases like hemophilia that require high payments (Mondillo, 2016). Health care costs have increased from 7% in 1971 to 18% in 2015 of the economy when the rest of the world spends 10% and assuring healthcare to all its citizens (Mondillo, 2016). The impact has been a reduction in consumer spending owing to reduced disposable income. The capacity to function and compete is reduced, taxes will continue to grow, and there will be no money for infrastructure and fueling growth because of high healthcare costs. Input from different stakeholders in the insurance coverage is strength in the presentation and provides for a more compelling argument.
The documentary presents the solutions to the broken health care system in the United States, which is a shift towards a universal insurance coverage utilized in France, Taiwan, Canada, and Japan. According to the documentary, Medicare has achieved tremendous benefits from reduced costs and increased access to healthcare for the disabled, elderly, terminally ill, and other disadvantaged groups. The disadvantages of multiple insurance and payments include increased inefficiencies in the healthcare system increasing costs and reducing access to proper medication by a majority of the population. A move to a single payer insurance system will ensure universal coverage, improved healthcare quality, elimination of hundreds of complicated healthcare plans, and reduced costs. Other benefits include reduced contentious preapproval, no deductibles, no out of pocket expenses and reduced year costs for companies and individuals.
The US health care system performs poorly compared to other developed countries on universal healthcare, insurance coverage, administrative costs, and total healthcare costs. The United States has high healthcare costs compared to Taiwan, and US healthcare is very rationalized, and per capita administration costs are very high ($667 compared to $158 in Canada) (Mondillo, 2016). Americans are likely to forego medical care because of prohibitive costs, high preventable deaths because of financial access barriers, and medical practitioners have reduced clinical autonomy. The documentary provides a well-researched comparison of the US health care and the Canada healthcare system that utilizes a single insurance coverage. The documentary outlines the myths of a universal insurance system and effectively uses the Canadian example to elaborate the improvements and benefits that the US healthcare system stands to gain from implementing a single insurance system. The documentary is a game changer on the debate on single versus multiple insurance covers with compelling personal experiences, results of published studies, and an effective health care system that has achieved its objectives. The documentary achieves its purpose of presenting a succinct view of the broken health care system and provides effective, proven solutions that promote universal health care coverage, improve company competitiveness and profitability, reduces dependence, improve innovation, and improve life expectancy.
Reference
Mondillo, V. (2016). Fix it: Healthcare at the Tipping Point. United States: Top Documentary Films.
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