Introducing sustainable healthcare in US

Introducing sustainable healthcare in US

One of the most contentious issues in United States today is the success of the president Obama’s initiative on healthcare which has come to be popularly known as Obamacare. It is an initiative that was a campaign promise and pushed through in order to save the American taxpayer up to $2 trillion in a period of 10 years (Atlas, 2010). Under the plan, the rich people are forced to pay more so that the government does not use a lot of money in handling the healthcare of the entire population.

There are several reasons why the rich and wealthy people are supposed to pay more for the healthcare. According to research, they are the greater beneficiaries of the healthcare funds than the average American (Atlas, 2010). One of the arguments put forward is that, the rich benefit more from the existing healthcare on the grounds that they live longer hence get more money from the healthcare plan (Fernandezdelavega, 2005). Despite that fact that they contribute more to the plan through taxes and payroll, they are also the chief beneficiaries of the plan. It is also good to note the amounts of money that the rich pocket annually so that the real cost could be easily understood. Most of the people categorized as rich earn above $350,000, others above $500,000 and another group about $1 million. In terms of the morality of the actions, it is only fair to conclude that these people paying an extra 1% to 1.5% of their incomes would do very little to damage the financial stability of their families and therefore it is equally fair to save the taxpayer more debt and tax the rich and wealthy people for healthcare (Schroeder, 2013).

Being a president of USA, I would advocate for such a healthcare plan that reverses the trend of the nation sinking more into debt while at the same time ensuring that it is affordable for all. The wealthy Americans, though volatile due to political ramifications are the best target since they cannot only pay for it but because they can afford it (Atlas, 2010). It makes little difference for a person earning above $1 million paying an extra $5000 to $10,000 annually while the other option is to increase the taxes on the middle class and the poor who are already overwhelmed with taxes (Horton, 2010).

Take for example 1% of Americans categorized as the richest. The top 1% earns an average annual income of $380,000 the average income of the top 5% is about $160,000 (Horton 2010). Taking 1% of the income these people earn, we get that the top 1% would give $3800 each. The 1% population is about 3 million Americans. The figure (3 million) multiplied with the expected tax ($3800) gives us approximately $11,400,000,000 (approximately $11 billion) annually. With another round of about 0.7% introduced in the next 5% category which is approximately 15million and subtracting the 3 million mentioned above, it would be easy to get billions and billions of dollars from these able people than weigh the burden on the already overloaded Americans.

Reflection

Healthcare is a contentious issue especially the criterion in which it is financed. Most people do not understand clearly how they stand to lose or benefit with the existing or the new healthcare plan introduced by the president. Therefore it is imperative that the government comes up with a method of educating people on these very important matters and at the same time save the economy from sinking further into debt which is only transferred to the future generations.

 

 

References

Atlas, S. W. (2010). Reforming America’s health care system: the flawed vision of Obamacare. Stanford, Calif.: Hoover Institution Press.

Fernandezdelavega, C. (2005). Involving patients in their personalised healthcare plan. American Journal of Hypertension, 18(5), A227-A227.

Horton, L. A. (2010). Calculating and reporting healthcare statistics (3rd ed.). Chicago, Ill.: AHIMA Press.

Schroeder, K. (2013). Sustainable healthcare. Chichester, West Sussex: John Wiley & Sons.

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