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Healthcare Outlook - Genes, Environment, and Lifestyle

Delivered September 16, 2019. Contributor: ChristineD

Goals

Determine the factors that will impact healthcare costs in the future. The information will be used for a presentation.

Early Findings

GLOBAL HEALTHCARE OUTLOOK

  • LIFE EXPECTANCY AND POPULATION GROWTH
  •  50% of the surge in healthcare costs comes from increases in medical services amount.
  • The two main drivers of the rise in healthcare spending are "population growth (23%) and population aging (12%).
  • CHRONIC DISEASES
  • Diabetes is seen to be the main disease that can grately impact healthcare spending.
  • Currently, the treatment cost for this disease already reached $44.4 billion out of the $64.4 billion spending increase to deal with this illness.
  • Other diseases that currently have the largest spending increases are the following: low-back and neck pain - $57.2 billion; high-blood pressure - $46.6 billion; and high cholesterol - $41.9 billion.
  • The greying population, increase in the spread of chronic illnesess, innovations in expensive technology, and others are seen to increase healthcare spending in the future.

Proposed next steps:

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Our initial research provided some insights and statistics on some of the factors impacting future health costs. Given that, we propose continuing the research to provide 5-7 insights or statistics that revolve around the factors impacting healthcare costs in the future such as life expectancy, genes, environment, lifestyle, chronic diseases, and health and the economy.