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 US Federal Reserve this week has moved one step closer to lifting interest rates by ending its controversial bond-buying program. This begins a long-anticipated process that will take many months to complete: the metamorphosis of a dove into a hawk.
This leaves us with the question of a date for an actual rate hike – a moment economists expect surveyed by CNBC expect will be in July 2015, a month later than previously forecast.
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.
CEO and co-CIO of PIMCO. Served as President and CEO of the Harvard Management Company for 2 years, while also working at the IMF for 15 years. In 2008, his book "When Markets Collide", won the Financial Times award for Business Book of The Year in addition to being named as the one of the best business books of all time by The Independent.
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