StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

The Impact of Healthcare Systems on Individuals and Households - Research Paper Example

Cite this document
Summary
Name Tutor Course College Date The Impact of Health Systems on Individuals and Households When institutions, people and resources are organized in a way that delivers health care services to the population that is targeted then we say that we have a health care system…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER97% of users find it useful
The Impact of Healthcare Systems on Individuals and Households
Read Text Preview

Extract of sample "The Impact of Healthcare Systems on Individuals and Households"

Download file to see previous pages

The effects of these two systems on the life of the common man is also looked into to know how effective the two systems are when it comes to delivery and the general income of the common man. Information on different countries using different systems is looked at and how people are affected by these two systems. The main objective of this paper however is to find out if there is any difference in the two systems and which system is good on the common man (Grover 387). There are lots of publications about this issue and most people believe that private based systems are just about making profit while government systems concentrate less on quality.

Private systems have a lot of impact on the financial situation of the common man. Many privatized systems are financed by the people themselves through insurance cover. Compared to the government systems the private system is a bit expensive and requires a lot of money for every individual. This leads to a decrease in the income that the general population gets. However this system is also characterized by quality healthcare and no or limited extra expense. Therefore the only amount t hat is paid by the consumer is the insurance cover.

Apart from the quality cover offered, private systems also have a quick response to problems as compared to government systems. If someone is sick, then he is well taken care of and this has great effect on the general population (Grover 387). . This leads to people spending a lot of extra money in medication and this generally reduces their income that they would have saved. The system is also slow to reacting to the general emergency situations. Therefore the amount of money that the common man saved is then used again in the process of getting quality medication.

To fulfill the objectives of this research, I took time to collect information about different countries that use private health systems and those that use government health care system. The information that I used were from government websites and the ministry of health care websites. I then related this figures to the general income of the common man and how this type of system affects both parties. Australia is one of the countries that use private health care system which is called Medicare.

Medicare receives funding from 1.5% of the total government levy. This levy is given in exception to low income earners. High income earners also have an extra 1% levy added to their tax. Private health insurance also provide 30% subsidiary on the private health insurance. It is approximated that in 2004, 8.8% of DP was spent by Australia on health care. The average expenditure of the common man on health care services was 1.9% of the total income of families and individuals. This is characterized by high quality doctors who get enough pay and work well to realize their set goals.

The amount of money that an individual spends on medication after the taxed amount is reduced a lot. This means that it can be approximated that an average family use 2% of their total income on medication and this had covered all the expenses including the ones not insured (Grover 387). In Canada, government health care is the type of system that is used. Everyone is

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“The Impact of Healthcare Systems on Individuals and Households Research Paper”, n.d.)
The Impact of Healthcare Systems on Individuals and Households Research Paper. Retrieved from https://studentshare.org/macro-microeconomics/1439456-the-impact-of-healthcare-systems-on-individuals
(The Impact of Healthcare Systems on Individuals and Households Research Paper)
The Impact of Healthcare Systems on Individuals and Households Research Paper. https://studentshare.org/macro-microeconomics/1439456-the-impact-of-healthcare-systems-on-individuals.
“The Impact of Healthcare Systems on Individuals and Households Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1439456-the-impact-of-healthcare-systems-on-individuals.
  • Cited: 0 times

CHECK THESE SAMPLES OF The Impact of Healthcare Systems on Individuals and Households

Improving Access to Healthcare and Medication

The World Health Organization has outlined a number of indicators for health access, namely: life expectancy and mortality; health service coverage; selected infectious diseases; risk factors; health expenditure; health inequities; health information systems and data availability; and, demographic and socioeconomic statistics.... usually manifest better access to healthcare compared to men.... Although, gender and race play a critical role in explaining healthcare inequality within the U....
8 Pages (2000 words) Essay

The American Dream Still Alive

Based on this view, a thoughtful and critical evaluation will be done on the impacts of socio-economic trends that the country has experienced in the pasts, particularly, on the economic well being of individuals and families in the United States (David, 2012).... Is American Dream to improve individuals and families economic well being still alive?... This is because there was widening of the gap of inequalities in wage and income among American households....
24 Pages (6000 words) Essay

Healthcare Reform - The Patient Protection and Affordable Care Act

Global comparisons of healthcare have discovered that the United States uses more per-capita compared to other similarly-developed states, but falls below similar nations in numerous health metrics, signifying waste and inefficiency.... Furthermore, in 1997, the United States passed the SCHIP, or the State Children's Health Insurance Program, which offered health insurance to children who came from households at or below 200% of the federal poverty line.... healthcare Reform Name: Institution: healthcare Reform Health care reform, in the U....
5 Pages (1250 words) Essay

Healthcare systems: Are markets the answer

healthcare systems are crucial in social and economic development.... The introduction of competition and insurance plans in healthcare systems was a strategy that emerged during the past century, as a result of escalation of costs and the economic impact of the sector.... So, we disclose two different organization strategies for healthcare systems: a welfare system, where the public sector is responsible for offering health services, based in principles of universalism, social rights, and redistribution, among others; and insurance markets, supported by demand and supply laws, neoliberal policies, and efficiency principles....
6 Pages (1500 words) Essay

The Rising Economic Importance of Women

The Equal Pay Act was created as a result of the large income discrepancies that existed for individuals doing the same work and was termed pay discrimination.... The Equal Pay Act has done little to address this issue because it only addresses gender income differences for those individuals occupying the same positions.... Women are typically, either by choice or because they are forced, selected into gender homogenous positions such as education or healthcare that are devalued....
32 Pages (8000 words) Essay

The Relationship Between Economy, Employment, and Health Care Coverage

In a system which is bound by an employment-based healthcare coverage and where provision of healthcare essentially depends on the country's economy, understanding the impact of economics on health care is of crucial significance.... This paper discusses the complex interactions between economics, employment, and provision of healthcare services in the country; the impact of the impact of provision of healthcare to a vulnerable section of the population such as the uninsured; the key implications for nursing in delivering patient care to the uninsured and its impact on the nursing profession....
6 Pages (1500 words) Assignment

Funding the Rising Cost of the US Health Care

However, the continuous rising of healthcare costs has long been witnessed by the demographic groups can be regarded as a phenomenal concern of the country.... With regard to the above statistics, it is affirmed that the healthcare sector of the US has been undergoing an unsustainable condition due to the rising cost of healthcare services provided by both public and private health insurance institutions (U.... The Census Bureau in the year 2011 reported that more than 36% of US households living below poverty line were not insured....
4 Pages (1000 words) Assignment

The Causes and Impacts of Child Poverty

"Causes and Impacts of Child Poverty" paper states that children living in households with incomes below the national poverty line are likely to have poor mental and physical health.... Joseph Rowntree Foundation (2008) explains that children from poor households are likely to have lower educational aspirations and are likely to drop out of school early....
6 Pages (1500 words) Research Proposal
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us