S I C K A R O U N D A M E R I C A

ECONOMIC INDICATORS AND HEALTH CARE

FACTS

• GDP=Final value of all goods and services produced in country in one year.

• GDP Formula= Consumption+Investment+Government Spending+ Net Exports (Exports-Imports)

• C+I+G+X

SICK AROUND AMERICA QUESTIONSDAY ONE

Watch the video Chapter 1 and 2 up until 15 min 20 sec.• 1. What are the FOUR health care insurance

options American’s can choose from?

• 2. How much of GDP is spent on health care?

• 3. What are the strengths of employer based health care?

• 4. What are the weaknesses of employer based health care?

http://www.pbs.org/wgbh/pages/frontline/sickaroundamerica/view/

SICK AROUND AMERICADAY TWO

• Business Cycle-Fluctuations that occur when a country’s GDP is plotted over time. It includes five parts:• Expansion-economy is growing• Peak-economic growth maxes out• Contraction-economic growth slows—also

known as recession—characterized by rising unemployment.• Trough-economy hits its low point of contraction• Recovery-economic growth is occurring but still

below previous peak in terms of value.

SICK AROUND AMERICA

The Theory

SICK AROUND AMERICA• The

Reality

SICK AROUND THE WORLD

• Depression- a severe recessionary period. The Great Depression of 1929-1941 in the US saw 20+% unemployment at its worst point.

• Unemployed-• 16 or older• Able to work• Willing to work• Non-institutionalized• Non Military• No job, seeking work

SICK AROUND THE WORLDVIDEO QUESTIONS, PART TWO

• Watch video: 15 min to 18:25 and 29:30-40:00• 1. Employer based healthcare works great if it is

easy to find a job. What other solution might work besides employer based health care?• 2. What are the difficulties a sick person faces in a

system that does not guarantee coverage no matter your background?• 3. Why do some sick people have to forego their

dreams even though they can work?• 4. If you live below the poverty threshold, you can

get Medicaid. What is the poverty threshold?