For 2020 and beyond,\nwe will continue to focus primarily on U.S. healthcare issues. Occasionally, we will include healthcare\nissues affecting other nations, as well as other global matters. <\/p>\n\n\n\n
The title of this\nblog, \u201cThe United States of Healthcare,\u201d has been germinating for a while. I first used this term when I was trying to\nmake the point that, all roads in the U.S. can be used for, led to or intersect\nwith in healthcare. <\/p>\n\n\n\n
Many believe social\nmedia has an impact on mental and physical health. Nearly every company is\neither trying to deal with healthcare cost (ask General Motors, Starbucks,\netc.) or trying to figure out how they can get into the healthcare space with\nproducts or services beneficially (ask Google, Apple, Amazon, etc.). <\/p>\n\n\n\n
Currently, the U.S.\nLabor Department has released the December 2019 \u201cJobs Report\u201d that states, \u201c\u2026nonfarm\npayrolls increased by just 145,000, while the unemployment rate held steady at\n3.5%.\u201d This is a NEW 50 year low, AND \u201c\u2026underemployed workers fell to 6.7%, the\nlowest it\u2019s ever been in records going back to 1994.\u201d<\/p>\n\n\n\n
Wow, America is on\na roll! <\/p>\n\n\n\n
However, we need to\ndrill deeper to grasp the entire significance of the numbers. Job growth in December was led by Retail and\nHospitality (major U.S. holidays in December, annually bring strong contributors),\nthe growth for 2019 was been led by healthcare. <\/p>\n\n\n\n
The\nfollowing graphs[1]<\/a>\nillustrate this point:<\/p>\n\n\n\n Here is the\nreport from November 2019:<\/p>\n\n\n\n Based\noff the data alone, you can see below the \u201c12-month change\u201d as reported from\nBLS[2]<\/a>. <\/p>\n\n\n\n The\ndata shown is in line with the Bureau of Labor Statistics (BLS)[i]<\/a>. It is projected that the healthcare sector\nemployment will grow 18% from 2016 to 2026, “much faster than the average growth\nfor all occupations, adding about 2.4 million new jobs.\u201d <\/p>\n\n\n\n Based\noff our previous blogs, we theorize that a main driving force in the economy is\nhealthcare, and the power or influence of healthcare on the economy will grow\neffectively creating an entire ecosystem at, or near, 20% of GDP which both\nhelp to stabilize the economy, but at the cost and detriment to other segments.\nUnlike other industries from electronics, software, manufacturing and even\ngarments, it is nearly impossible to outsource to another country except for\nmedical tourism, which we will address in a later blog. Regardless, this and\nother slight anomalies do not change the master trend in which emergency care\nis provided within 20 miles from where you live in the U.S. <\/p>\n\n\n\n Over\nthe next few years, we suspect that markets will begin to understand healthcare\nis well beyond biotech or pretty much all of pharma (11% of healthcare and less\nthan 1% of GDP), as well as medical devices and that 80% (+) in healthcare is\nabout service. In turn, this provides better healthcare services and better\nquality more quickly and it extends life when we infuse these services with\ntechnology. We are seeing this happening now and we see the trend accelerating over\nthe next nine (9) years. It will be the \u201cGolden Age\u201d of healthcare in the U.S.\nand the developed world. <\/p>\n\n\n\n -Noel J.\nGuillama, President [1]<\/a>\nSource: CNBC<\/p>\n\n\n\n [2]<\/a> https:\/\/www.bls.gov\/charts\/employment-situation\/employment-by-industry-monthly-changes.htm<\/a>![\"\"](\"http:\/\/803.557.mywebsitetransfer.com\/wp-content\/uploads\/2020\/01\/b1.png\")
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