23 Aug Discussion 7-1by Suseela Pandity – Wednesday, 19 June 2019, 10:20 PM
Discussion 7-1by Suseela Pandity – Wednesday, 19 June 2019, 10:20 PM
To start with health care costs are increasing like crazy. It is 100% fact statement. To prove it will go back to some 50 years. At that time per year per person annual health care expenses are $146 where as in 21st century per head per annum health care expense is $10,000 plus. The reason behind this could be anything but most key discussable reason is US health care industry is depending upon private health care sponsoring companies or private health insurance companies.
Most of the employers in USA are relying on private insurance companies, which are profit based. They also will have peculiar restrictions such as, provider should in their network, if not your out of pocket expenses would increase. In other words, insurance would not cover the amount which they are supposed to cover. There certain medications or tests are only covered in general coverage package. If your health is not so stable and you required to visit doctor frequently then you got to pay more high premiums. (James E. Dalen, March 2010)
Hence, the employers are committed to provide health insurance to their employees are part of benefits package offered to employees along with salary. Increasing amounts of health insurance premiums are alarming companies to for 100s of employees’ health insurance premiums. This is due to increase in chronic diseases like diabetes and heart problems. 85% of insurance premiums increase is caused by these. People are more aware of importance of health but very less people are practicing healthy life style. Which results increase in doctor visits and ER visits. To reduce the health insurance expense, employers are offering healthy life style options to employees such as reimbursing gym memberships, healthy diet programs, yoga classes to reduce stress so on.(Dieleman, 2017 December)
Works Cited
Dieleman, J. S. (2017 December). 5 Major Factors Driving Healthcare Cost Increases. Canopy health.
James E. Dalen, M. M. (March 2010). We can reduce US health care costs. The American Journal of Medicine.
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Introduction
Health costs are increasing at a high rate in the United States, which causes a struggle for employers who are trying to offer these benefits to their employees. The employees are not satisfied with the payment of a higher premium for covering the health.
The increases in Health Cost
The primary purpose of having health insurance for the employees is to assist them in receiving quality medical without having to incur higher costs of treatment(Patel, Dalal & Nagar, 2014). The reasons why employers are trying to minimize the costs of health is that they need to maximize their returns. The health costs are skyrocketing at a high rate, which is draining the employer finance resulting to making of loss or minimal profits for the organization, which does not match, with the profit maximization goal of the organization. The employers are hence focusing on minimizing the health costs, which is raising at a high pace in the US and causing conflict between employees and employers. The employers are hence focusing on employing employees on contract basis or part-time workers since it less costly to the organization (Babcock & Kogut, 2016). Employers embrace the strategy to avoid incurring high costs of health, which are increasing at a high pace in the United States of America.
Conclusion
The skyrocketing of the health in the United States has resulted in increasing of conflict between employers and employees, which has affected the employment of people in the United States. The government hence is required to come with policies to ensure equity in health insurance in the country.
References
Babcock, Z., & Kogut, S. (2016). Estimated Inpatient Costs of Malignant Mesothelioma in the United States. Value in Health, 19(3), A145. Doi: 10.1016/j.jval.2016.03.1565
Patel, J., Dalal, A., & Nagar, S. (2014). Indirect costs in chronic obstructive pulmonary disease: A review of the economic burden on employers and individuals in the United States. International Journal of Chronic Obstructive Pulmonary Disease, 289. Doi: 10.2147/copd.s57157
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