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Healthcare Costs Rise in the United States
Joan Steele
University of Phoenix

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HEALTHCARE COSTS RISE IN THE UNITED STATES PAGE * MERGEFORMAT 10

Running head: HEALTHCARE COSTS RISE IN THE UNITED STATES PAGE * MERGEFORMAT 1

Healthcare Costs Rise in the United States
By 1935, health services spending grew from 18.7 percent of Gross Domestic Product (GDP) to 27 percent in the United States. The healthcare spending is accountable for almost half of the public expenditures, which includes government programs such as, other insurance, programs of direct care, Medicaid, and Medicare, if an increase in spending continues, there will be tax increases as well for these programs to get funded. Recently Medicare taxes have increased by the health reform law on workers who earn excess incomes so that the program can pay off its debt in another decade. The questions to be concerned about are, for government health programs to get funding, by tax rates, how far into the time ahead different groups have to go so that health programs get funded? How huge will increasing taxes associated with the cost of efficiency be (Which means, how much is behavior savings and changes in motivated tax due to the cost amount of the GDP). According to Baicker and Skinner (2016) “The questions are focusing on the future of tax rates in the U. S. of growth in health service spending. The paper is in progress by researchers thru the National Bureau of Economic (NBER). Choices based on a macroeconomic model developed by authors, which includes savings, working and consumption. The government sector along with the macroeconomic model use a portion of the proceeds from increase taxes to pay for the healthcare enhancing longevity. By the year 2060, healthcare costs may be funded by…

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