1 Major Problem for the Healthcare Industry
When discussing rising healthcare costs, almost every politician will pick a side. Regardless, the healthcare landscape is changing to deal with the problem, and certain parts of the sector are more exposed to those changes than others. For some prominent companies, change could dramatically affect how they perform over the next decade. Instead of relying on the old model to stay in place, investors should look for companies that are reducing costs while facilitating higher-quality or more convenient care. That is where value will be added in the healthcare industry over the next decade.
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The problem for the healthcare industry isn't just how much Americans spend on healthcare; it's how fast the costs continue to rise. The U.S. has the most expensive healthcare in the world, spending an average of $11,582 per person in 2019. That was 17.7% of GDP. The spending is expected to grow to almost 20% of GDP by 2028.
Source Fool.com
