This came across my screen today ... a reasoned and informed perspective about health care spending. The sky is not falling. Never has been.
It’s a safe bet that health spending will slow in coming years because it’s simply necessary, but slower growth does not mean the demise of the industry nor stifling of its innovation. The fact is we will continue to be a growth industry: increased demand for primary and specialized services driven by aging and economics, accelerated clinical innovation in the diagnosis and treatment of medical problems using advanced analytic techniques and a new breed of smart medical devices, and consumer demand for value through individual insurance programs will drive growth. Even if health care spending slows from 5.7 percent annual growth to less than 4 percent, it will still be a job creator industry wherein our technologies and workflows contribute to our national interests and economic viability at home and abroad.