Open AccessCost of Healthcare is Skyrocketing in the USA: A Broken Medicare Must be Reformed
Author(s) -
Te Bu,
Bojan Mašanović,
Huiqing Huang,
Tao Fu
Publication year - 2021
Publication title -
journal of anthropology of sport and physical education
Language(s) - English
Resource type - Journals
eISSN - 2536-5703
pISSN - 2536-569X
DOI - 10.26773/jaspe.210705
Subject(s) - competition (biology) , health care , healthcare system , business , public economics , actuarial science , economics , economic growth , ecology , biology
This short report discusses the current cost of the healthcare system in the United States. The affordability problems in the United States stem directly from insufficient competition of drug prices from the Medicare system. This report provided evidence about how the proposed Medicare reforms are skewed and would unlikely end the blank-check approach to pricing of Medicare that drives our healthcare spending and affordability problems.