Cost of Healthcare Essay Example | Topics and Well Written Essays - 250 words

Cost of wellnesscare - Essay ExampleThis increase in embody of health care is most likely to dissemble the public in a number of ways.It is of crucial significance to note that the increase in cost of healthcare is good to the economy for a number of reasons. The increasing cost of healthcare is important in strengthening the economy. It is likely to result in increase in taxes thereby creating more money thus strengthening the economy (Pear et al, 2014). However, it is prudent to acknowledge that the increase in cost of healthcare may negatively impact the consumers in a number of ways. This may involve the increasing cost of medical insurance to such consumers. In this regard, it is prudent to note that the healthcare costs should be reduced. This is because the high healthcare cost is most likely to raise the cost of medication and hospital. This can be attributed to increased costs of living to the people.Renter, E. (2014). Health Care Costs Expected to Rise in 2015 Are You Rea dy? Retrieved on 9th June 2015 from http//health.usnews.com/health-news/health-insurance/articles/2014/10/21/health-care-costs-expected-to-rise-in-2015-are-you-readyPear, R., Abelson, R. & Armendariz, A. (2014). Cost of Coverage Under AffordableCare crook to Increase in 2015. Retrieved on 9th June 2015 from