U.S. Health Care: What Is Wrong With The System
The U.S. healthcare system is taking a lot of heat because of the criticisms it has been receiving, stating that it is "faulty."
An article published by Vox identified eight facts that show what is wrong with the American healthcare system.
According to the article, America's healthcare is very expensive and Americans pay the highest amount just to access competitive care, which in most cases, more expensive than what is paid in any other countries.
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Americans spend around US$2. 8 trillion for their healthcare every year, which make up almost one-sixth of the entire U.S. economy.
The article also pointed out that doctors are paid based on quantity and not quality of their work. The more prescription or check-up a doctor accomplishes, the more they are paid, instead of getting paid for their efficiency in treating their patients.
The majority of people who pay their healthcare do not get their money's worth, according to Vox.
Out of all the people who has health care insurance, only about five percent will be able to use it, since not all people frequently visits physicians or gets sick.
The American health care system is a result of an Internal Revenue Tax Code that dates back to 1954, which stated that employee insurance benefits were tax free.
The statute was implemented during wartime to prevent profiteering that according to many has created an unfair system in which people earning minimum wage are subsidizing those with well-paying jobs.
Another problem with the American health care system is that insurance companies provide a slim margin for profit, resulting in an increase in health care costs to shoulder the small profit margin.
It was also pointed out that it is dangerous to get healthcare in the United States because of the high number of patients who die in hospitals annually.
In a report released by the Institute of Medicine in 1999, it revealed that around 98,000 Americans die in hospitals each year due to medical errors, making it risky to obtain a health care insurance.
Meanwhile, one third or about US$765 billion of the total amount paid for health care is not spent on things that would further the health and longevity of Americans.
The amount is reportedly spent on faulty administrative decisions in hospitals, which puts people's hard earned money to waste.
The last health care problem that was mentioned in the article is that Obamacare does not provide a universal coverage.
Despite decreasing the number of uninsured Americans, the program will not completely eliminate the number of people who lacks insurance coverage.