Medical care in the United States is comparatively expensive than many other countries. Federal and state governments provide health care programs to its citizens. These include Medicaid and Medicare. While Medicaid is meant for the people who cannot afford proper treatment, Medicare is meant for the senior citizens of USA.
2006 Medicare Statistics According to a 2006 survey, medical statistics indicate that about 80% of the people taking the survey were not satisfied with cost of health care in the country. 54% of them were found to be discontented with the quality of medical care rendered.
The detailed survey also exhibited the fact that more than 80% of the people were satisfied with emergency medical care, quality of medical care received, availability of a doctor's appointment and accessibility to specialists. Almost 75% of the people were satisfied with the latest treatments available to them.
Medicare statistics in the United States for the year 2006 also indicated the rising discomfort of the people to pay their medical bills. 42% of the people, with an income less than $35,000, struggled to pay their medical bills.
Health Insurance With regard to health insurance, cost of insurance premiums is also on the rise and that has led to increased concern amongst people. Medical care falls under the Consumer Price Index of the federal government. It includes services like dentists, hospital care, physicians and professional medical services.
Insurance Scenario A large section of the population does not have any insurance program. However, it does not act as a deterrent in case of receiving medical care. The hospitals in USA that offer treatment under the Medicaid and Medicare programs offer medical care in any situation. The hospitals that offer treatment to patients who do not have a health insurance are compensated by federal government through the Disproportionate Share program.
The nightmare for Cyprus started in March 2013. The country’s banking sector faced a sudden squeeze. The two biggest players – Bank of Cyprus and Marfin Laiki Bank – were in danger of a collapse which would have sparked a huge negative shock for the island’s economy.
Professor at Columbia University. Recipient of the Nobel Memorial Prize in Economic Sciences in 2001 & the John Bates Clark Medal in 1979. Author of "Freefall: America, Free Markets", "The Sinking of the World Economy", "Globalisation and its Discontents" & "Making Globalisation Work".
Eric J. Gleacher Distinguished Service Professor of Finance at the Booth School of Business at the University of Chicago. IMF’s Chief Economist from September 2003 to January 2007. Inaugural recipient of the Fischer Black Prize.
Professor of Economics & Director of the Earth Institute at Columbia University. Special Adviser to the UN Secretary-General on the Millennium Development Goals. Founder & co-President of the Millennium Promise Alliance.
Mario I. Blejer is a former governor of the Central Bank of Argentina and former Director of the Center for Central Banking Studies at the Bank of England. Eduardo Levy Yeyati is Professor of Economics at Universidad Torcuato Di Tella and Senior Fellow at The Brookings Institution.
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