{"id":4081,"date":"2019-11-14T14:16:17","date_gmt":"2019-11-14T14:16:17","guid":{"rendered":"http:\/\/803.557.mywebsitetransfer.com\/?p=4081"},"modified":"2019-11-14T14:46:58","modified_gmt":"2019-11-14T14:46:58","slug":"healthcare-2030-part-5","status":"publish","type":"post","link":"https:\/\/pwer.com\/?p=4081","title":{"rendered":"Healthcare 2030 (Part 5)"},"content":{"rendered":"\n<p>In our last blog, <em>Healthcare 2030 (Part 4)<\/em>, we dove deep into the weeds of our conversation\nand we introduced a new term, Age Dependency Ratio (ADR).&nbsp; The issue highlighted the impact on Japan for\nover the last two decades, as well as Europe for over a decade, and how it is\nnow beginning to impact the United States.&nbsp;\nWe blurred the lines between economics and healthcare, and we discussed\nwhy we believe that healthcare is the best and the most resilient industry in\nthe United States, today.<\/p>\n\n\n\n<p>In our recent podcast, Key Healthcare Subjects and\nTechnology, we deeply discussed the expected growth in healthcare cost, as\nforeseen by U.S. government economists, through 2030. &nbsp;The numbers are stunning, and they are likely\nto be near 25% of GDP around 2030. &nbsp;How\nwill the economy handle such a burden? <\/p>\n\n\n\n<p>Recently, U.S. presidential candidate Senator\nElizabeth Warren unveiled details of her \u201cMedicare for All\u201d (M4A) proposal. &nbsp;We will more thoroughly examine her proposal\nin a future blog and podcast. &nbsp;We would like\nto note, however; the projected cost is $52 trillion over 10 years, and we do\nnot think that it is feasible for several reasons. &nbsp;We believe that the cost will not only be much\nhigher than projected but will also lead to a tectonic shift in how healthcare\nis provided to most Americans. &nbsp;We also\nbelieve it will have an impact on the healthcare infrastructure, with\ncatastrophic damage for hospitals and providers. <\/p>\n\n\n\n<p>Now that we have everyone\u2019s attention, we can talk\nabout how we can make investments today to mitigate some of the guaranteed\nescalation in healthcare cost for the next decade.<\/p>\n\n\n\n<p>As noted at the end of our last blog, we see a few\nemerging trends that should reduce cost, all while improving quality. &nbsp;Those master trends are universal electronic\npersonal health record integration with IOT devices, broader and better use of\ntelemedicine, and the use of machine learning and AI to do predictive\nanalytics. &nbsp;Additionally, we see changes in\nthe relationship between providers and consumers, along with changes in the\npayment models; furthermore, we see a clear path to more managed-care options, and\nopen contracting of medical providers, along with price transparencies.<\/p>\n\n\n\n<p>Until recently, healthcare was driven by payers,\nemployers and government regulations. &nbsp;Today,\nthe single biggest emerging trend in healthcare is its educated consumer, also\nknown as consumerism.<\/p>\n\n\n\n<p>There is little doubt in reducing the crushing cost\nincrease in healthcare we must improve the use of better technology, improve\nthe healthcare delivery system and use this more effectively to empower\nconsumers. &nbsp;These consumers are not only\nthe tech-savvy trailing edge of the Baby Boomers, but also Gen X and emerging Millennials\nwho are now either materially engaged in healthcare or entering healthcare\nconsumption as they enter their 30s, 40s and 50s.<\/p>\n\n\n\n<p>If you question the problem or our solutions,\nremember that from 1965 to 2019 healthcare portion of the GDP has increased\nfrom approximately 5% to today\u2019s 18%. &nbsp;What\nmakes us think that it will not continue to increase or even accelerate based\non the numbers we have discussed in our previous blog?<\/p>\n\n\n\n<p>Today, General Motors spends more money in\nhealthcare than steel for each car it produces; and Starbucks correspondingly\nspends more money on healthcare than the cost of its coffee. <\/p>\n\n\n\n<p>We sincerely hope that this analysis provides\nbackground as to why we think that an aging population and the associated cost\nof healthcare is the most immediate problem facing the world today by impacting\ngovernments, industries and the growing number of people over the age of 65. &nbsp;We can also see this as an opportunity for\nthose working in healthcare for the next decade and beyond.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In our last blog, Healthcare 2030 (Part 4), we dove deep into the weeds of our conversation and we introduced a new term, Age Dependency Ratio (ADR).&nbsp; The issue highlighted the impact on Japan for over the last two decades, as well as Europe for over a decade, and how it is now beginning to impact the United States.&nbsp; We blurred the lines between economics and healthcare, and we discussed why we believe that healthcare is the best and the most resilient industry in the United States, today. In our [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":4085,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/pwer.com\/wp-content\/uploads\/2019\/11\/AdobeStock_295782830-scaled.jpeg","_links":{"self":[{"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/posts\/4081","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/pwer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4081"}],"version-history":[{"count":1,"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/posts\/4081\/revisions"}],"predecessor-version":[{"id":4083,"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/posts\/4081\/revisions\/4083"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pwer.com\/index.php?rest_route=\/wp\/v2\/media\/4085"}],"wp:attachment":[{"href":"https:\/\/pwer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pwer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pwer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}