Krugman (2009) described the progressive developments in the Congressional Budget Office, which finally succeeded in the proposed legislation from Senate Committee on Health, Education, Labor and Pensions, abbreviated as HELP. The major obstacle in the earlier proposals was the inability of the committee to explain the total cost of universal healthcare, and its impact for the next ten years.
Krugman highlighted that all the developed countries have universal health coverage for their citizens, and the cost of healthcare was lesser than the USA. Since the healthcare expenditure on the majority of young adults is lesser than the elderly population (who are covered by Medicare), and the uninsured receive uncompensated care, it was reported that the cost incurred in extending the healthcare coverage to the unfortunate 45 million uninsured Americans through the provision of universal health coverage would not be too much.
Krugman (2009) stated that according to the Senate Committee on Health, Education, Labor and Pensions (HELP), the proposed legislation would make it mandatory for the insurance companies to provide health insurance to everyone irrespective of pre-existing conditions. The reforms bill also mandatorily requires the employers, with employee strength of 25 and above, to pay for insurance of the employees. Moreover, the consumers would have the freedom to choose health insurance from either the private insurance companies, or the public insurance companies.
The total cost of the universal health coverage from 2010 to 2019 is expected to be $1. 3 trillion. With the impetus provided to the universal health coverage under the dynamic leadership of President Barack Obama, it is envisaged that the above cost would be met through cost reduction programs aimed at improving qualitative healthcare. Conclusion The provision of universal health coverage for all Americans is an important public health policy, which will benefit patients, doctors, nurses, insurance companies, employers, pharmaceutical companies, and government.
The Senate Committee on Health, Education, Labor and Pensions (HELP) had proposed that the reforms bill would provide health insurance to 46 million uninsured Americans who can not afford to pay for health coverage. The total cost for the universal health coverage is expected to be $1. 3 trillion; however the policy makers highlight that 75% of Americans are young adults, who do not use healthcare services as much as the elderly. Since the elderly are covered by Medicare, the overall cost for coverage is mitigated.
It seems that America is on its way to successfully launch universal health coverage for its citizens. References Curry, T. (2009). Everyone into the risk pool- or else. MSNBC. Retrieved from http://www. msnbc. msn. com/id/31782553/ns/politics-capitol_hill/ Fraser, J. (2006). American demand universal health coverage, concludes Congressional report. Natural News. Retrieved from http://www. naturalnews. com/020546. html Krugman, P. (2009). Help is on the way. The New York Times. Retrieved from http://www. nytimes. com/2009/07/06/opinion/06krugman. html