Health Care Changes
Over the past two to three decades there have been dramatic changes in the healthcare system globally, largely due to the improvements in technology, stakeholder expectations and increased globalization and access to care. Many of these changes have been the result of the costs associated with healthcare and their continual rise, changing demographics and psychographics, and new attitudes and media attention towards the industry. Overall, the healthcare industry has changed in terms of its previous overt reliance on hospital-based care to more private and emergency clinics based on neighborhoods, more home based and nursing services, and even a greater dependence on managed care (Williams, S., et al., eds., 2008). Much of this is a direct statistical cause of the aging Baby Boomer population and the global percentage increase in older adults needing more and more healthcare. Most experts see this aging population as a key influence on health care in both developed and developing countries causing the usage patterns for care to rise as well as greater pressure on individual and governmental spending on health care paradigms (U.S. Department of Health and Human Services, 2012).
One of the most noticable changes in healthcare has been is the cost of care, machinery and medicines. For instance, in 1990, the cost per person was approxiomately $2,800/year in the United States. This rose to $4,700 in 2000 and then $7,500 in 2010, with recent estimates of over $10,000/annum. In addition, in 1990, 14% of all Americans had no insurance, rising to 16.3% or an additional 50 million individuals by 2010 (Ritholtz, 2010). Certainly, costs are concerns, but it is also important to note the viral changes and improvements in technology in the last few years -- innovations that have changed the lives of all stakeholders within...
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