Navigant Advisor Jeff Goldsmith Published in H&HN
Health systems need to be prepared for an inevitable economic downturn. As healthcare spending nears 20 percent of the U.S. economy, those who provide healthcare, as well as medical device, pharmaceutical, and technology firms, are increasingly tied to the fate of the national economy.
Why is this a concern now? Because the United States is in the 89th month of an economic recovery, among the longest since World War II, and a recession is overdue.
Learn more about the major effects of a recession on state governments, employers and providers, and why the next recession could be troublesome due to the expansion of Medicaid.