Healthcare will take up nearly 20% of the U.S. economy by 2019

[OhioChick]

Source: ComputerWorld

Consumers will spend billions on health-related video games and mobile health apps, says PricewaterhouseCoopers

June 8, 2011 02:30 PM ET

Computerworld - Healthcare spending will represent nearly one-fifth of the U.S. gross domestic product by 2019, and much of that money can be attributed to new regulations requiring better information technology and mobile health apps, according to a report by consulting firm PricewaterhouseCoopers.

For example, in 2010, health providers spent $88.6 billion on developing and implementing electronic health records (EHRs), health information exchanges, and other health IT initiatives, making healthcare a rich market for IT jobs.

PwC's report, titled "The New Gold Rush" (registration required), states that nearly one in three American adults have worked, now work or would like to work in healthcare. Jobs in healthcare increased 65% between 1990 and 2009, while the rest of the workforce increased 16% over the same time period.

In fact, 75% of Fortune 50 companies are either in the health industry or have health divisions, according to PwC's U.S division. "The booming health market is driving a surge of activity from companies looking to mine opportunities for growth, differentiation and jobs," the report states.


Read more: http://www.computerworld.com/s/article/9217440/Healthcare_will_take_up_nearly_20_of_the_U.S._economy_by_2019

[DeadEyeDyck]

1. From what we are hearing in Atlanta

the Healthcare bill might be declared unconstitutional.

[neoralme]

2. Looks that way. And I think the Supremes will sustain that

ruling.

[SoapBox]

3. Well of COURSE the Five Activist Biased Minds-Made-Up-Already..

judges on the Supreme Court will toss out the law.

They are ALWAYS going to side with the Thugs in America...American citizens can go to hell as far as they are concerned.

Get ready to Die Quickly America!

[hansberrym]

6. The Remancipation Proclamation!

Economic Decision-Making Is an Activity Subject to Congress’s Commerce Clause Power

[christx30]

9. But the question is

are there limits to that power? Can they force you to buy something that you don't want to buy? Today it's health insurance. Tomorrow? What? Gym Membership? Electric car? Newspapers (gotta support that dying art)? Where is the limit on congressional authority? It has to have a limit. Can't solve every problem in the world by passing more and more laws.

[Cal Carpenter]

4. Keep in mind that Price Waterhouse Cooper did this study.

"PricewaterhouseCoopers

Your agenda is our agenda. Let's work together to make sure your company is ready to take advantage of new opportunities to grow."

There are many layers of profit involved in all of this, and this company is banking on all of them. They have an agenda.

Worth keeping in mind, imho.

[No Elephants]

5. Single payer, plus ability to bargain, maybe even cost controls.

Hospitals are overreaching almmost as much as insurers and pharmaceutical companies.

[lib2DaBone]

7. Good point.. the whole health care system is overreaching...

We have to get the insurance companies and Big Bankers out of the health care business.

Mr. Obama only empowered Big Insurance when he let Choice Point and Blue Cross CEOs write the new law. Blue Dog Max Baucus is a criminal.. he should be doing the Perp walk.

Who do you think Obama's Health Care Bill will favor if Big Insurance wrote the law? (sorry.. dumb question)

Obama should have lowered the age for medicare or worked on single payer. But then, we know Mr. Obama nor anyone else in Washington cares one sliver about the American people.

[madrchsod]

8. obama dusted off nixon`s health care bill