¶ … Healthcare Industry
Changes in healthcare in the last ten years
In the last two decades, the average cost of healthcare per person was $2,800. This almost doubled in a span of ten years to reach a staggering $4,700. The cost tripled to reach $7,500 per person in 2008. This has happened as the number of Americans without insurance keeps increasing. The number of uninsured Americans has risen from 13.1% in 2001 to 16.3% in 2008 (Chideya, 2012). This implies that approximately 50 million people are uninsured today the reason being the job losses that were witnessed during the world economic meltdown and employer's decision to cut back on coverage (Chideya, 2012). A number of innovations in the healthcare sector were also registered within the last ten years especially the use of iPhone in clinical trials. These phones could be turned into EKG monitors that automatically transmitted data to a cardiologist (Chideya, 2012). This innovation is yet to be approved by the Food and Drug Administration (FDA). Upon approval heart patients will be in a position to check their symptoms whenever they are (Chideya, 2012). The device is very cost effective as it is expected to cost $100. Besides, it is remarkably simple.
Biggest change in healthcare within the next ten years
The enactment of Affordable Care Act will most likely impact the healthcare sector big time. Its provisions will most likely come online. Some of its provisions will protect against gender bias in insurance; deter insurers from turning away people with pre-existing conditions; and track health disparities due to race (Chideya, 2012).
Advancement in technological innovation...
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