Overview

In this assignment you will select and research what you believe to be the most important and pressing economic issue that confronts the United States in the health care industry today, and potential ways in which to mitigate the issue. Consider the economic effects of the issue on the health care industry, strategies to address the issue, and best practices for implementing the strategies. You will write a paper to formulate strategies and the application of best practices from other countries based on your research to address a selected economic issue confronting the U.S. health care industry.

Instructions

Provide a review of the selected issue in a 4–5 page paper in which you:

1. Develop a detailed description of the selected issue and the research process conducted.
2. Analyze the most significant economic effects of the researched issue on the health care industry supported with least two examples of the economic effects.
3. Formulate specific strategies that relevant entities/stakeholders may use to address the selected issue from an economic perspective supported with a rationale for the strategy.
4. Develop a strategic manner in which the United States can apply economic best practices from other countries to support the strategies for addressing the issue.
5. Critique the likelihood of the government and the private sector to effectively address the issue.

Issue picked: Rising Cost of Healthcare

Please add the statistics and site the information.

References

https://www.thebalance.com/causes-of-rising-healthcare-costs-4064878

https://www.statista.com/statistics/720767/medical-cost-trend-in-us/

http://www.allhealthpolicy.org/wp-content/uploads/2017/03/Alliance_for_Health_Reform_121.pdf

https://www.cms.gov/Research-Statistics-Data-and-Systems/Statistics-Trends-and-Reports/NationalHealthExpendData/NHE-Fact-Sheet#:~:text=Federal%20government%20spending%20for%20health,the%206.3%25%20growth%20in%202019.

https://www.healthcarefinancenews.com/news/healthcare-spending-us-sends-damaging-ripple-effect-across-other-major-sectors-households

https://www.rand.org/pubs/research_briefs/RB9605.html

How has U.S. spending on healthcare changed over time?

https://www.pgpf.org/blog/2022/02/why-are-americans-paying-more-for-healthcare

https://obamawhitehouse.archives.gov/administration/eop/cea/TheEconomicCaseforHealthCareReform/

https://www.investopedia.com/u-s-healthcare-spending-rising-fast-5186172

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7237575/

https://www.medifind.com/news/post/problems-us-healthcare-system

https://www.healthdata.org/news-release/new-study-explains-why-us-health-care-spending-increased-1-trillion#:~:text=Five%20factors%20contribute%20to%20the,price%20and%20intensity%20of%20services.

https://www.commonwealthfund.org/publications/fund-reports/2021/aug/reducing-health-care-spending-what-tools-can-states-leverage

https://www.ama-assn.org/about/research/trends-health-care-spending

https://aspe.hhs.gov/sites/default/files/private/pdf/75441/report.pdf

https://www.peoplekeep.com/blog/seven-reasons-for-rising-health-care-costs

https://www.investopedia.com/insurance/why-do-healthcare-costs-keep-rising/

https://www.crfb.org/blogs/three-ways-lower-health-care-costs

https://www.medicaleconomics.com/view/four-ways-reduce-healthcare-costs

https://www.amjmed.com/article/S0002-9343%2809%2901115-2/fulltext

https://medlineplus.gov/ency/patientinstructions/000870.htm

Health Care Costs Accounted for 17.7 Percent of GDP in 2018

https://www.brookings.edu/research/a-dozen-facts-about-the-economics-of-the-u-s-health-care-system/

https://www.kiplinger.com/article/insurance/t027-c032-s014-6-ways-to-limit-health-care-costs.html

https://www.merckmanuals.com/professional/special-subjects/health-care-financing/causes-of-high-health-care-costs

https://www.compassonehealthcare.com/blog/cost-reduction-strategies-health-systems/

Three Cost-Saving Strategies to Reduce Healthcare Spending

https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0219316

https://www.acpjournals.org/doi/full/10.7326/0003-4819-143-1-200507050-00007

https://theolsongroup.com/strategies-reduce-health-care-costs/

12 Strategies to Reduce Healthcare Costs

https://www.shrm.org/resourcesandtools/hr-topics/benefits/pages/top-ways-employers-hold-down-healthcare-spending.aspx

https://www.aha.org/news/headline/2019-03-05-aha-offers-strategies-reducing-health-care-costs

https://www.investopedia.com/u-s-healthcare-strategies-for-containing-costs-5186588

https://theolsongroup.com/strategies-reduce-health-care-costs/

https://www.aha.org/guidesreports/2021-10-25-cost-caring