Cohen And Kirzinger - Financial Burden Of Medical Care A Family Perspective – Coursework Example

Financial Burden of Medical Care         Financial Burden of Medical Care The NHICs (National Health Interview Survey) statistics indicate that medical care is a burden for many families. According to the statistics, 1 out of 10 individuals is from a family that has medical bills, and which they are unable to cater for. The statistics also indicate that 1 in every 5 individuals are in a family that is characterized by challenges of paying medical expenses (Cohen & Kirzinger, 2014). With the current financial crisis, many families struggle to meet their basic requirements like health care. The report dwells on the family demographic as a unit dealing with the burden of paying medical bills as an individual affects every member of the household (Cohen & Kirzinger, 2014).
The statistics indicate that the healthcare market is struggling as families of lower incomes find it difficult to meet their basic medical needs (McIntosh & Hunter, 2010). Therefore, consumers do not have appropriate resources to pay for medical services or goods. According to Cohen and Kirzinger, income, expenditure and education are factors that affect the demand of medical services and goods as a higher education level is characterized by a better income. Cohen and Kirzinger (2014) argue that lower income families experience a greater financial burden as compared to those in middle and high-income levels.
Du to the risen financial burden, there is a lower demand for medical services in the market. In the past twenty years, there has been a rapid increment in economic burden for health care, for both lower and higher income families. This has brought about a decrease in demand for healthcare services because consumers respond to the price changes of medical care. However, most households depend on private and government insurance to cater for their medical needs; hence, the demand for health services depends significantly on insurance. The price factor of medical services and goods ultimately affects the demand for alternative healthcare services and if the prices decrease, the demand for health services grows and vice versa (Patel & Rushefsky, 2008).
References
Cohen, R. A., & Kirzinger, W. K. (2014). Financial Burden of Medical Care: A Family Perspective. NCHS Data Brief, 142.
McIntosh, M., & Hunter, A. (2010). New perspectives on human security. Sheffield: Greenleaf Pub.
Patel, K., & Rushefsky, M. E. (2008). Health care in America: Separate and unequal. Armonk, N.Y: M.E. Sharpe.