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It is important to learn about the benefits and drawbacks that are often cited regarding a nation-wide policy like universal health care. Health and economic benefits of universal healthcare. It is important to learn about the benefits and drawbacks that are often cited regarding a nation-wide policy like universal health care. Primary health care is the most efficient and cost effective way to achieve universal health coverage around the world. Health care … The health care cost is a major factor in the near bankruptcy and competitive disadvantage of our auto industry. Universal Healthcare, which is also known as universal care, universal coverage, and universal health coverage, is a term that is used to address a healthcare system that provides health care and financial protection to every citizen of a specific country. At the same time, people need to be protected from being pushed into poverty because of the cost of health care. The most obvious advantage of universal health care is that everyone has health insurance and access to medical services and that no one goes bankrupt from medical fees. Without the government regulating health care costs, hospital fees and insurance premiums, those who set costs in the health care sector basically have free run over the system 1. Universal health care (UHC) is garnering growing support throughout the world, a reflection of social and economic progress and of the recognition that population health is both an indicator and an instrument of national development. Human rights standards for equitable financing. Access to needed health services is crucial for maintaining and improving health. Individuals and families will experience expanded health care coverage with no health insurance premiums, copays, deductibles or other out-or-pocket costs for their care. What is Universal Healthcare? Gary London, London Moeder Advisors Substantial human and financial resources will be required to achieve UHC in any of the various ways it has been conceived and defined. Bottom line: There are too many factors beyond our control (e.g., pandemic, disability, economic recession) to ensure anyone's employment and, thus, health care. Universal health care … Universal Health Coverage: An Economist’s Perspective The state can provide universal health care in a number of ways, but there are costs and benefits to doing so. Universal health care is an economic necessity . No one will suffer, go bankrupt or die because of inability to pay for medical care. Good health is essential to sustained economic and social development and poverty reduction. The calculation of the ultimate economic costs and benefits of healthcare can be a far more complex process than the universality-deniers would have us believe. Health has been a primary concern of human beings t… The Congressional health care debate has become a war between two seemingly irreconcilable extremes, coverage versus budget control. Aside from a healthier workforce and lower mortality rates, universal health coverage (UHC) can boost the economy in more general ways. Universal health care … The debate over universal health care financing raises macro-economic questions of taxation, public sector involvement, and the role of industry and … In addition, therefore, to the local benefits of having UHC in a country, there are global ones as well. Twenty-five hundred years ago, the young Gautama Buddha left his princely home, in the foothills of the Himalayas, in a state of agitation and agony.