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Healthcare and Its Services Assignment

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Added on  2019-10-30

Healthcare and Its Services Assignment

   Added on 2019-10-30

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1Running head: BUSINESS BRIEFBusiness BriefName of student:Name of university:Author note:
Healthcare and Its Services Assignment_1
2BUSINESS BRIEFSummaryHealth care The healthcare is known to provide services to the individuals of the community whosuffer from preventive, curative or rehabilitative diseases. As compared to other countries ofthe globe, the United States has the achievement of having the biggest healthcare industrywith an annual spending of $3 trillion. It is expected that by 2018, the industry would beabout 18% f the GDP of the country (Stoakes, 2015). While economic progress leads to improvement of the healthcare industry, economicturndown leads to a reduction of services and downsizing in budgets. As a result ofdestabilisation of the nursing labour market, there are shortages beyond the recessionary timeframe. Health insurance is a part of the healthcare industry where the country’s economymakes a mark. Increased unemployment leads to reduced health coverage for individuals. Theperformance of the country in 2016 was not up to the mark, characterised by rolling off ofdrug patents and drop in revenues and earnings. The decline in the sector was 7.1%(Ameritrade, 2017). 2017 promises to be better than the previous year as the economic planning is solid. Forexample, the 61 shares in the category of Standard & Poor's 500 healthcare industries haveincreased by 8.9% in 2017 (Shell, 2017). In addition, there is an increased demand foradvanced healthcare services, due to increase in ageing population and strong employment.The improvement is also due to improvement in the P/E ratio at 43.71 this year (FinancialTimes, 2017).Researchers expect that the recent growth in the healthcare sector would continue inthe next year. The rationale can be attributed to enhanced demand for services, ageingpopulation and increasing prevalence of medical conditions such as obesity (Ameritrade,
Healthcare and Its Services Assignment_2

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