Are The Economics Of Healthcare Getting You Sick?

Are The Economics Of Healthcare Getting You Sick?

     Transactions in healthcare are no different than transactions and profit in any other field. Profit=(price-cost)*quantity, however most medical bills are paid for my insurances or Medicare. As time goes on inflation and population continues to increase and insurance providers are not willing to pay more, this turns into a loss of revenue for those in the medical field who then make up for lost revenue by cramming more patients into a schedule. This article calls to revolutionize the way care in given and received, comparing it to other fields that have recently advanced in recent year. Medical care needs to be reevaluated for the modern world so that increasing prices and population don't continue to cause more issues. 

How to fix Obamacare

How to fix Obamacare

     This article bashes Obamacare from every angle, even going to the extent of referring to Obama as a socialist. As of now, 17% of GDP goes into the healthcare system, Britain has similar government healthcare however they only dedicate 5%. People are now looking into alternative healthcare plans that can offer better deals. This article sides with the idea of healthcare becoming more of a consumer market in which people shop around for deals. I think this could be a good thing because prices may come down as treatments become competitively priced. 

Point of no return

Point of no return

     This article looks a bit at the future of Obamacare. It pointed out that 7 million Americans so far signed up and 13 million are expected by February of 2015. Obamacare is heavily criticized, this article however says that most people are too uneducated about it to have a valid position. Prices to maintain Obamacare will also rise in the coming year, this cost will be directly accounted for by those who are enrolled.

     I think that Obamacare needs some clearing up. People need to be more educated about it, but also efforts need to be made to make it more user friendly as many people complain the services don't work as they should. It also doesn't seem fair to charge those who are enrolled more in the coming year when it has been in use for such a short time. 



Large Healthcare Cost Increases Are Built Into Obamacare Implementation

Large Healthcare Cost Increases Are Built Into Obamacare Implementation

     Healthcare spending in the US has increased dramatically this year. Spending was increased by 9.9% while the total economy has only increased 0.1% in the first quarter of 2014. This article featured a plan for how to cut down on healthcare costs. People should try to go to a physician's office instead of a hospital, hospitals can be up to 10 times as much for the same treatment. Government influences and over regulation also drive of medical costs, less government influence would make care more affordable. The article also said that 1/3 Americans are overweight and that relates to 75% of medical spending coming from weight related issues.

     The plan this article puts into place makes sense as a start to a solution. Using a physician's office more would easily cut numerous cost. A decrease in government influence on healthcare would make the costs to everyone less. A stronger stance to lessen the number of overweight people would also decrease the national healthcare spending.

Global unemployment rises above 200 million

Global unemployment rises above 200 million

     This article mentions that unemployment is more than just an American issue, it's a global one. Global unemployment is on the rise, especially in younger workers who are not yet established with experience. Even though the economy has been improving and doing well recently many corporations are deciding to hold onto extra funds, buy back shares, or reward shareholders instead of investing in growth and new employees. The article also says that the number of people not in education, employment, or training is also on the rise globally.
     I can agree with this article that unemployment is a global issue. The article mentioned that Spain and Greece are two heavily affected countries, through the Europe trip I first hand witnessed the depression in Greece. Many businesses are shut down and vacant. 

Tackling The Real Unemployment Rate: 12.6%

Tackling The Real Unemployment Rate: 12.6%

     The article discusses the obscurities that are skewing our views on American unemployment. A U.S. unemployment rate of 6.2% is currently being advertised, however this article shows that with all factors considered, the actual unemployment rate is closer to 12.6%. Saying that 6.2% of U.S. citizens are unemployed leaves out people who are considered "Marginally Attached," these are people who have not been working and have not looked for work in the past 4 weeks. This article states that there is currently 2.2 million marginally attached people who are not being accounted for in the unemployment rate. 7.5 million people who are working only few part time hours are also not being considered as unemployed, even though they have no full contributing occupation.  

     I think that the advertisement of a 6.2% unemployment rate is only hurting the American public. If people feel that unemployment is becoming less of an issue than it wont be battled. The lack of attention to unemployment would be a cause for it to be swept under the rug and go unnoticed yet the issue would still remain. 

New York City’s Unemployment Rate Fell to 6.8% in September

New York City’s Unemployment Rate Fell to 6.8% in September

   

     This article explains that New York City has the lowest unemployment rate since 2008. In September unemployment had fallen to 6.8%, just one month before it was 7.3%. This is showing a great improvement in the economy of NYC and the surrounding area. Since the start of the year the number of jobs in NYC has gone up 2.8%, or 95,000 jobs.
     It is good to see growth like this happening. Efforts to grow the economy have seemed to work by these numbers. The article also went on the say that there are hopes for the NYC unemployment to become lower and match the total unemployment for the state.