Government's role in healthcare markets Research Paper

Government's role in healthcare markets - Research Paper Example And today developed nations are striving to establish comprehensive plans to serve people in various aspects. In recent times, health care concerns are increasing due to ever increasing complexity of ambiance people live in. Pollutants, Genetic Modification, Environmental degradation and Global warming are making things a mesh of problems. In spite of galloping advancements in bioinformatics and medicine, deaths are becoming increasingly terminal. This statement can be supported by discussing various types of cancers, increasing obesity and even more complex psychological problems in highly urbanized areas. Keeping in view these concerns United States government has been in the phase of transition which has Health care services as one of the major moot points. Investments in the development of effective medicine, attempts to promulgate health care schemes and finding cost effective all inclusive health care facilities are apparently important for the government. This research is an attempt to delve into the details of US health care industry. It is aimed at finding comprehensive facts and figures about the health care services and the econometrics that are proving to be the driving force of this sector. Distinct organizations have emerged during recent times in order to serve and do business related to health care. The cost and access to health care facilities is the bottom line of this research. As a big picture the health care facilities in US are largely private sector business, whereas government facilities come next to the private sector. These statistics are one of the major concerns for health care policy makers and operators who reside in the echelons of power. About 65% of the health care spending for people below 67 years comes from programs like Medicare, Children’s Health Insurance Program (CHCP) and Tricare. Average US life expectancy is 78 years which ranks her 27th among 34 highly industrialized countries