By Dave Vreeland, Senior Managing Partner, Caduceus Capital Partners
There is a battle ahead, and it is going to be ugly. The United States finds itself in a remarkably challenging situation – a confluence of factors we have never experienced in the entire 248-year history of our young country:
- Ten cold or hot wars around the world.
- National debt of $34.5 trillion (~120% of GDP, higher than it has ever been, including during World War II).
- $4.5 trillion per year is spent on healthcare (~20% of GDP). This number is expected to reach $7 trillion by 2030.
- An aging population. By 2030, all 70 million Baby Boomers alive will be 65 or older.
Despite vast resources and technological prowess, the big tech companies have faced significant challenges in their attempts to disrupt the healthcare industry. However, current and former healthcare industry professionals hold a unique position in today’s market. Those with experience in healthcare understand the nuances of the sector and are better equipped to develop solutions that address its unique challenges. By combining industry expertise with technological innovation, investors can ensure that the benefits of AI and other emerging technologies are applied in ways that truly transform healthcare delivery.
1 U.S. Department of the Treasury. “National Debt.” America’s Finance Guide, FiscalData.Treasury.gov, https://fiscaldata.treasury.gov/americas-finance-guide/national-debt/.
2 Centers for Medicare & Medicaid Services. “National Health Expenditure Data.” CMS.gov, www.cms.gov/data-research/statistics-trends-and-reports/national-health-expenditure-data/historical.