The State of The Physician Entrepreneurial Economy: Who Knows?
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I his 1984 article, Peter Drucker outlined the structural transformation from an industrial economy to an entrepreneurial economy and articulated the drivers:
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Should the Feds Lift the Ban on Physician-Owned Hospitals?
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Grace-Marie Turner, president of the Galen Institute, a think tank that supports free-market ideas for healthcare delivery believes that "the punitive ban on physician-owned hospitals imposed by the ACA has to go." She made this statement in Forbes last week.
Read MoreThere Seems To Be Lasting Improvement to U.S. Healthcare Spending
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Currently, healthcare inflation is at a historically low rate. According to Jason Furman, the chairman of President Obama’s Council of Economic Advisors, healthcare prices have grown at an annual rate of 1.6% since the Affordable Care Act was enacted in March 2010, the slowest rate in the past 50 years. Consequently, the Congressional Budget Office continues to reduce its cost projections for federal healthcare programs.
Read MoreCongress Needs To Act If It Cares About Addressing The “Doc Shortage.”
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Healthcare analysts have pointed out that one possible negative externality of the Affordable Care Act is the law’s potential to exacerbate the existing primary care doctor shortage by expanding the pool of insured Americans and, in all likelihood, consequently increasing demand for medical services. The Association of American Medical Colleges (AAMC) estimates that the current “doc shortage” hovers at around 13,000 – a number expected to swell to more than 90,000 by the end of the decade.
Read MoreHere are Five Ways to Improve Our Healthcare System
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In 2016, prices for plans sold on healthcare exchanges are expected to increase by 7.5%. Healthcare costs are one of the most important financial problems that American's encounter. Every American should have access to affordable and high quality healthcare. One way to achieve this is by transforming the healthcare model from government-led to market-led.
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