Consumer Financial Issues in Health Care

  • Deanna L. SharpeEmail author


Health spending in the USA is higher than in any other industrialized country and continuing to rise. While policy makers, health care providers, and insurers debate the cause and cure of this spending, consumers face the daunting task of making critical health care decisions for themselves and family members in a complex and dynamic market. This chapter describes the characteristics of and key players in that market. Reasons given in the academic and popular press for high and rising health care costs are evaluated. Effectiveness of insurance in keeping health care attainable and affordable for consumers is explored. Recent changes in the health insurance market under the 2010 Patient Protection and Affordable Care Act as amended by the 2010 Health Care and Education Reconciliation Act are discussed. The chapter concludes with suggestions for future research.


2010 Patient Protection and Affordable Care Act Health insurance Health reform Health spending 


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Copyright information

© Springer International Publishing Switzerland 2016

Authors and Affiliations

  1. 1.Department of Personal Financial PlanningUniversity of MissouriColumbiaUSA

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