Tuesday, June 16, 2009
What Would Private (health) Drug Industries Do To Overcome The First Ever Contraction Of Global Economy ?
The global economy is in experiencing its first ever period of contraction. If the world has already become "developed", then the markets need to change their processes. What will a crucial private health-care sector be doing to re-invent itself to overcome this long lasting crisis ? Will they become both cause and remedy for sustenance ?
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I'm with Matthew. I'm a health economist and I don't know where you are coming from on this one. It's true that health care costs have increased dramatically over the last several decades for most countries. It is also true that this increase (in % GDP) cannot continue indefinitely.
ReplyDeleteBut as far as "re-inventing" itself the private health care sector, and public for that matter, likely won't be doing anything drastically different than any other field. They will try to streamline costs and expenses.