Investment Policy Medical Megamorphosis Healthcare reform : The Good , The Bad or The Ugly ?
نویسنده
چکیده
Highlights Q The Good: Sweeping reform plan does not pass because it is too costly to be financed without huge taxes. But, healthcare disinflation continues; drug companies keep their pricing increases to CPI or CPI + 1%. Health supply/device stocks unit growth flattens, but best companies still achieve 12-15% growth. Firms withdraw from marginal businesses, trim sales forces/product lines and emphasize cost controls and manufacturing strategies. Growth rates of drug companies stay about where they are now—i.e., after being adjusted downward in 1992-93 to reflect the reality of disinflation—midto high-teens for the premier companies.
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