Healthcare Represents a Great Macroeconomic Opportunity

Non-discretionary consumer demand for healthcare represents one of the largest and fastest growing segments of the U.S. economy. According to the Centers for Medicare and Medicaid (CMS), U.S. National Health Expenditures are expected to reach 20.3% as a percentage of GDP by 2018*. We are well positioned to capitalize on the changing trends in healthcare fueling this rapid growth such as:

• An expanding array of new technologies for managing chronic illness and promoting active lifestyles
• Longer life expectancies – ever growing need for advanced medical services
• Baby boomers just entering retirement – driving the need for high-quality, high-technology healthcare

* Source: U.S. Department of Health and Human Services, Centers for Medicare and Medicaid Services, Office of the Actuary, “National Health Expenditures and Selected Economic Indicators, Levels and Annual Percent Change: Calendar Years 2003-2018.” Projections are inherently subject to uncertainty. These projections are estimated based on historical trends and relationships in health spending; any structural break in these relationships is generally unpredictable. These projections also rely on assumptions about macroeconomic conditions and health sector parameters and their relationship to health care spending, with the degree of uncertainty increasing along with the projection horizon.