In the USA health care costs continue to rise year on year. Currently, estimates indicate that over 2.7 trillion dollars are spent annually on health care. Although health care spending continues to increase year after year, during 2013 the growth rate was at an all-time low. In 2013 although the rate of growth was thought to have declined to 3.6%, in 2015 it is expected to increase to over 6%. The effect of this trend is already being seen in the health care industry.
Previously, Americans who had to pay out of pocket for procedures were electing to have fewer procedures done, but with the affordable care act’s mandate for country wide health insurance, more and more people are electing to have more procedures done. Furthermore the affordable care act has caused health care costs to increase at a slower rate. Essentially, there has been more spending but less costs for hospitals. This has been great news for the health care Industry and also good news for many citizens who are able to get the treatment they need but previously couldn’t afford it.
As health care spending growth continues to outpace the rest of the US economy, there is no better time than now to capitalize on this trend. With the increased demand for elected procedures in the USA, there also will be an increase in demand by hospitals for materials needed for these procedures (such as gloves). In Q2 of 2014 alone, revenue increased by over 8 billion dollars, more than the previous four quarters combined.
As such, hospitals have more revenue to purchase superior made gloves and now are moving away from purchasing low-quality cheap options as during the recessionary period. As the recent Ebola outbreak highlighted, cutting corners with cheap inferior products is not an option and has come under intense public scrutiny. Today, many nurses and doctors insist on triple gloving when dealing with possible Ebola infected patients to maintain security. It is important for any supplier to have options that can protect from blood penetration, bacteria as well as liquid and gases. When purchasing gloves make sure they have the proper ASTM level clearance to be assured of their quality and ability to protect users from any threat. When it comes to health, cutting corners is not an option.