Alarming Shifts in Healthcare
I'm not James Altucher, but I do believe in investing in companies that stand to benefit from "long-term demographic trends." These long-term demographic trends tend to be very transparent for the healthcare sector. The IMS Institute for Health recently released a report, Declining Medicine Use: For Better or Worse?, detailing their findings on the current state of healthcare. Salient aspects of the report are as follows:
- "Total spending on medicines on a real per capita basis declined by 3.5%."
- "Overall healthcare spending is growing more rapidly than spending on medicines and is expected to do so at least through 2017."
- "Nominal spending on pharmaceuticals reached $325.8 billion in 2012, a decline of