Obamacare Drives Economic Innovation

ObamaCareA few years ago, the Economist speculated that Obamacare could create new business opportunities.  Now that it is being rolled out, that’s the argument that is being reiterated by Dr. Beth Seidenberg over at TechCrunch:

The opportunity here is gargantuan. The U.S. health-care sector generates annual revenue of close to $2.1 trillion a year, according to the most recent U.S. Census Bureau report. It’s an industry that employs nearly 17 million Americans (Bureau of Labor Statistics, 2012). And neither of those figures includes the health insurance industry, which has more than 450,000 employees (Bureau of Labor Statistics, Jan 2014), and annual revenue of more than $850 billion (Annual Report on the Insurance Industry, 2013). In short, this is an industry practically begging for revolutionary change. And the ACA has lit the fuse.

She asserts that five big entrepreneurial ideas will fuel this innovation boom.  They are described in the full post here.

Top