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Healthcare Industry in United States
Aruvian's R'search, Feb 2012, Pages: 100
Health care in the United States is provided by many separate legal entities. Current estimates put US healthcare spending at approximately 15% of GDP, which is the highest in the world. The United States spends the highest percentage of health care costs on pharmaceuticals in the world. The health share of gross domestic product (GDP) is expected to hold steady in 2006 before resuming its historical upward trend, reaching 19.6 percent of GDP by 2016. In the United States, around 85% of citizens have health insurance, either through their employer or purchased individually.
The federal government does not guarantee universal health care to all its citizens, but certain publicly-funded health care programs help to provide for some of the elderly, disabled, and the poor and federal law ensures public access to emergency services regardless of ability to pay. Those without health insurance coverage are expected to pay privately for medical services. Health insurance is expensive and medical bills are overwhelmingly the most common reason for personal bankruptcy in the United States.
This report on the Healthcare Industry in United States looks at the overall industry, starting with the basic market analysis, and leading on to analyzing the major issues facing the industry today. The report contains two Michael Porter’s Five Forces Analysis, and an industry analysis through the PEST framework. A look at the major players, growth drivers, the issue of GPOs in the healthcare industry, outsourcing trends, role of IT in the industry, and a lot more factors are looked at in this report.
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