Effects of Higher Medical Spending and the Role of Financial Stability in Healthcare

Healthcare Finance and Medical Spending
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Effects of Higher Medical Spending
Cutler (2018) explained that higher medical spending at the government level results in more health inequalities, leading to poor health outcomes in the marginalized sectors. Additionally, it is not associated with improved health due to frequent misallocations. Examples of higher medical spending include immediate spinal surgery for back pain without trying for conservative means and preterm elective childbirth induction for low-risk women. These procedures increase the medical institutions' profits but cause a significant increase in expenses that a typical American family may not afford. Furthermore, many people have increased medical expenses combined with a sluggish income. The government's inability to adjust taxes results in more economic and health disparities, such as a reduced number of people availing private insurance and lack of allocation of resources and finances to the public health programs (Cutler, 2018).
Association Between Financial Stability, Staffing, Equipment, and Health Infrastructures
Financial stability is associated with excel...