Economic Costs of Health Care Essay

Open, View, and/or
Download this Document

Total Length: 720 words ( 2 double-spaced pages)

Total Sources: 3

Page 1 of 2

To cope with these rising costs, many employers will pass them on to their employees, as they are struggling to deal with this challenge (microeconomic factors). In this case, microeconomics is being applied to a macroeconomic issue, with the business forced to utilize them in their unique situation. ("Economic Theories," 2010)

Increased taxes are occurring, because many businesses are forced to pay multiple taxes supporting employee health care costs in different ways. Where, they have to pay employee health benefits and then they are required to indirectly pay Medicare / Medicaid taxes. This is troubling, because businesses are forced to pay more for health care costs, through covering their employees and various taxes. (Johnson, 2010) In this aspect, a macroeconomic theory is being applied, as the overall costs that employers are paying and the taxes for government programs are resulting in double expenses / taxation. ("Economic Theories," 2010) Once employers begin cutting back on health care coverage, these expenses are then passed on to the employee.

Stuck Writing Your "Economic Costs of Health Care" Essay?

View All Our Example Economic Costs of Health Care Essay

Have A Custom Example Essay Written

If they are unable to afford the increased costs, they more than likely will lose their health care coverage. As a result, one could argue that this is a main reason, why 40 million Americans do not have any form of health insurance. (Eakin, 2004) In this case, microeconomics would be applied to this issue, as businesses will pass the increasing health care costs on to their employees. ("Economic Theories," 2010) However, the problem is that most individuals and families cannot be able to afford to pay these increases. At which point, they will more than likely lose their health care coverage. This is significant, because it shows how health care costs have been having a dramatic impact, upon both individuals and businesses. Where, they are struggling to overcome the various macroeconomic challenges from rising prices. ("Economic Theories," 2010).....

Show More ⇣

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Economic Costs Of Health Care" (2010, October 06) Retrieved May 18, 2024, from
https://www.aceyourpaper.com/essays/economic-costs-health-care-7961

Latest MLA Format (8th edition)

Copy Reference
"Economic Costs Of Health Care" 06 October 2010. Web.18 May. 2024. <
https://www.aceyourpaper.com/essays/economic-costs-health-care-7961>

Latest Chicago Format (16th edition)

Copy Reference
"Economic Costs Of Health Care", 06 October 2010, Accessed.18 May. 2024,
https://www.aceyourpaper.com/essays/economic-costs-health-care-7961
   

Open, View, and/or
Download this Document
order custom essay example