Overspending: Government Health & Medical Essay

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Total Length: 1955 words ( 7 double-spaced pages)

Total Sources: 6

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As it's expected that the mandatory federal spending on health will increase significantly in the future years, the health programs will remain broke and indebted.

Corrective Strategies:

Since the current state of the government's health programs is broke and indebted, there is a huge need for the adoption of effective strategies and actions to correct the tragedy. Some of the most suitable actions to correct the situation include legislative modifications, increase in revenues, and establishment of a private charity. First, the legislative modifications contribute to improved and sustainable long-term projections for the costs of government health programs. Such action would also be helpful in correcting the tragedy by enabling officials to lessen the adverse effects on helpless populations like lower-income workers and those who are currently dependent on the benefits of these programs.

Secondly, the establishment of a private charity to raise funds from willing financiers in order to assist the poor in receiving the necessary medical care would also help in correcting the tragedy ("We're Broke" par, 4). Such an action would be beneficial as compared to the government's attempts to promote incremental socialism and mandatory re-distribution of wealth.

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The third corrective action is to promote the increase in government revenues that will lessen the ongoing increase in federal debt. Revenues should increase substantially in the annual GDP in addition to minimized spending from projected levels.

Conclusion:

An analysis of the health care industry shows that the government's health programs are broke and indebted due to various factors like cost factors and huge budget deficits. There is need for the adoption of corrective actions for the tragedy such as increasing federal revenues.

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https://www.aceyourpaper.com/essays/overspending-government-health-medical-54824
   

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