HEALTH CARE 2
Healthcare refers to medical attention given to human beings. Health careis remittable to people in need of checkups, accident victims, andill patients. According to Ezekiel, insurance medical care tags alongadditional transactional costs when it comes to allocation ofindividual medical costs. The government needs to provide medicalpayment system that enforces equity to the citizens. From a personalperspective, single-payer plans are comparatively effective inallocation of individual medical costs as it gives the Americangovernment a chance to issue incentives to medical attention in favorof the citizens.
Single-payermedical care plan is a medical appropriation approach whereindividuals can account for their medical costs. It is a scheme thatslowly fades away the discrepancies of medical insurance. When itcomes to medical insurance, individuals are oblivious of thedifferent charges incurred by the insurance company to issuehospitals` compensation for their services. It is preferable thatpatients work under a single-payer plan in an aim of cost allocation.Cost allocation creates an effective environment for budgeting. Aspatients work out budgets for their personal medical cover, it iscomparatively cheaper against the high premiums required at certainintervals, commonly, monthly. American citizens require a medicalcare plan that allows them to account for their costs as well asbudget for the future.
Single-payermedical care plan effects the United States’ government incentivesto reduce medical care costs. Medical care plans ought to be personalto allow the government to calculate an average medical spendingbudget. Thereafter, the government can determine the amount that itcan chip in to the national medical budget to reduce per capitacosts. Individuals should have a chronological record of theirmedical expenditure, which aids budget forecasting and avoidingincidences of fraud and miscalculations. Additionally, hospitalsshould adopt a single-payer medical care system that allows differentsocial classes to meet medical attention. In a hypothetic scene,patients need a set pay rate that matches their pay grade. However,in the real economy, the government needs to offer people a medicalpayment scheme above the single-payer medical care system thatenforces equity to all taxpayers.