Running head: Healthcare in Federal Budgeting 1 Effects of Rise in Cost of Healthcare: USA Case study Name Institution affiliation 2 Healthcare in Federal Budgeting Healthcare is a critical part of the economic advancement of any nation in the world. A healthy population provides a good and efficient labor force that contribute to nation building. Healthy workers in companies pay taxes thus contributing to economic growth. Therefore, governments should provide good healthcare programs to their people in order to promote economic growth. Effects of Rising Cost of Healthcare in the USA Healthcare is an important part of life that all people are entitled to and it contributes to the stability of a nation. Rising costs of healthcare in the United States can affect hospitals and patients as well. Healthcare costs in the United States have traditionally been paid by the government or private health insurance companies through employer-based plans. The rise in the cost of healthcare will lead to a rise in premiums paid by American citizens hence individuals will be forced to make up for the difference. A lack of compact and strong healthcare program can lead to employers transferring costs of healthcare insurance benefits to employees by raising premiums, reducing wages, and reducing full-time jobs which offer benefits hence leading to unemployment and more part-time jobs with no benefits to employees in order to survive in the market. A consequential reduction in employment op ...
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