Healthcare Costs Will Increase Significantly Over The Next Decade

Over the past few decades, the healthcare industry has made significant progress in treatment modalities, advanced diagnostics, and in improving overall patient well being. However, healthcare and modern day care delivery costs have increased tremendously over the last 20 years, often prohibitively so for millions of people globally.

There are many reasons for these costs. For one, healthcare requires a highly trained labor force, entailing skilled physicians, nurses, and allied health professionals that often go through years, if not decades, of training. Pharmaceutical prices and the costs for research and development have sky-rocketed, as new drugs and medications are constantly being developed to make treatment more efficient and increase patient quality of life.