Kimberly George is SVP, Senior Healthcare Advisor at Sedgwick.
The Association of American Medical Colleges projects a shortage of 91,500 physicians by 2020 and 130,600 by 2025. With 32 million Americans newly insured as a result of healthcare reform and 15 million more patients eligible for Medicare, the demand for healthcare services is becoming increasingly strained. Such a limited supply could impede access to care, and cause delays in treatment and recovery for patients.
The Affordable Care Act (ACA) has changed the dynamics of healthcare in this country, and brings employers a new set of challenges and opportunities. Rising medical costs have plagued nearly all industries in recent decades and now account for more than half of the total workers' compensation claim costs.
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