Hi, need to submit a 500 words essay on the topic National Health expenditures.
Similarly, the net cost of health insurance steadily rose from $2.6 billion in 1970 to $210.6 in 2013.Furthermore, the government expenditure on public health activities $1.4 billion in the year 1970 (CMS, 2007).
Based on the National Health Expenditure figures, the value also increased to $75.4 billion by 2013.In addition, the Federal government has also increased its allocation in making the investment in the health sector. In 1970, the Federal government spent $7.8 billion in health investment. In 2013, a staggering $164.6 billion was allocated towards making new investments in the health sector (CMS, 2007).
The percentage of GDP spent on NHE has been fluctuating from time to time. In some instance, the percentage change in GDP was negative and in some cases it was positive. In the year 1991, the percentage of GDP reduced sharply with a margin of -8%. In 2009, the percentage increase in GDP was the highest reaching the mark of 5.8% (Hennessy et al., 2007).
According to the figures presented above, the analysis indicates that the government has been increasing funding for the purposing of improving quality health provision. One of the core mandates of the Federal government is to provide accessible medical care to its citizens. The federal government has ensured that it provides quality and available medical attention. Furthermore, the emergence of deadly diseases such as cancer that is most prevalent in most developed countries, the need to invest in medical care has been necessitated (CMS, 2010).
The prices of medical care coverage have been relatively affordable. Affordability of care services has been made possible with the Federal government commitment to invest in the public health sector. Since the government expenditure in medical investment, medical services have been made affordable. The Federal government has promoted the creation of new national hospitals in a bid to ensure there is the accessibility of medical