Health care spending will top $4 Trillion by 2017. This will be about 6.7% annual increase in spending which is nearly three times the rate of inflation will be driven by increases in prices (not seeing this one) and increased demand for care with the federal government picking up about 49% of the tab.
Whether this is good news or bad news for PT will be completely dependent on our evolving identity as musculoskeletal experts and our ability to brand ourselves in the “eyes of the consumer”. Older adults working later in life will further escalate musculoskeletal injuries and this could bode very well for us as employers are more likely to adopt to cost effectiveness and EBM versus medicare.
Thoughts?
