Describe the current U.S. healthcare cost milieu and evaluate the need Essay - 1

Describe the current U.S. healthcare cost milieu and evaluate the need to ration the availability of healthcare services - Essay Example For which reason, other methods are being planned in order to ensure comprehensive coverage. One of these methods is the health care rationing approach which is meant to assist in the availability of health care services to as many individuals as possible. This paper shall describe the current US healthcare cost milieu and it shall evaluate the need to ration the availability of health services. Healthcare spending in the US is supported through private and public sources combined (Duetsch Bank Research, p. 5). In the year 2008, about 52.7% of the national expenditures came from private shares and 47.3% came from public shares (Deutsch Bank Research, p. 5). This is considered low when compared with the OECD average; however, this has always been the trend in the US, with publicly supported health care consisting of less than the portion of the population. The publicly sponsored costs are those which cover the poor, the elderly, and the disabled (Deutsch Bank Research, p. 5). The main publicly sponsored programs are the Medicare for Americans 65 years and older and the Medicare for the poor and the disabled. Even as more than half of health care spending is actually financed by the public, a major part of the services is provided by private service providers (Deutsch Bank Research, p. 4). Private insurance covers about 66% of Americans and some 58% of these Americans are ins ured through their employers. The general cost of healthcare is significant due to the services and the health tools needed to secure quality health care. Health care costs have been driven up because of various factors. Among these factors include the introduction of technology and prescription drugs. For many years, health technologies have been introduced into the practice and these technologies are very expensive when actually used. Prescription drugs have also increased in number and frequency of use, driving up cost and