Compiled by Cari Kraft, Jacobs Management Group, Inc.
INDUSTRY TRENDS: BY THE NUMBERS
Number of Medicare beneficiaries in Medicare Advantage
This represents 33% of the total members enrolled in Medicare.
There are 2,317 Medicare Advantage plans available nationwide.
Source: Kaiser Family Foundation, October 2017
Doctors whose top concern was rising cost of care for their patients
This finding has risen dramatically, from 59% in 2016 to 87% in 2017. Other
major issues: wider access to therapies, repeal of individual mandate, and
a belief there will be cuts to Medicare and Medicaid.
Source: InCrowd physicians’ predictions research, November 2017
Increase in DOs in the US
The number of osteopathic physicians
(DOs) has surged 68%, and the number of
osteopathic medical students is up 85% in
the last decade, representing about 25%
of all medical students. This may help close
the gap between physician supply and
demand, estimated at between 61,700 and
94,700 physicians by 2025, according to the
American Association of Medical Colleges.
Source: Osteopathic Medical Profession
Projected 2018 rise in medical costs
Medical costs in the employer insurance market will
go up about 6.5% this year, the first increase in three
years. This price is a significant driver of medical costs,
and PwC indicates that healthcare spending is growing
faster than the economy, a trend that isn’t sustainable.
Source: PwC’s Health Research Institute (HRI)