posts tagged with Life expectancy

The Economy of Health Care: Why Breakthroughs in Medicine Create Growing Demand

ACC_033.jpg How old is the oldest person you know personally? 80? 90? 100?

These numbers are well within reach given today’s life expectancy. Had I asked the same question in 1913 instead of 2013, the answers may have been more like 50 or 55. The average life expectancy continues to rise, and with it, new trends in the global health care industry.

The Great Recession showed us that the health care industry could stand up to the sharp economic downturn. While sales of health care supplies and equipment still faced economic decline—about three percent— the industry fared much better than others included in the S&P 500, many of which saw business decline 20 percent.