| REPORT DESCRIPTION | | | | 1.1 KEY TAKE-AWAYS |
| According to World Health Organization, the U.S. | | | | 1.2 REPORT DESCRIPTION |
| healthcare system ranks 37th among the healthcare | | | | 1.3 STAKEHOLDERS |
| systems of 200 countries. The U.S. healthcare | | | | 1.4 RESEARCH METHODOLOGY |
| spending is considered as one of the highest in the | | | | 2 U.S. HEALTHCARE INDUSTRY OVERVIEW |
| world as healthcare expenditure in the country | | | | 2.1 OVERVIEW OF HEALTHCARE SYSTEM IN U.S. |
| accounts to 17.5% of its GDP (2009) as compared to | | | | 2.2 HEALTHCARE REFORMS IN THE U.S. |
| an average of 8% to 9% in the Organization for | | | | 2.2.1 AGENDA OF OBAMA'S HEALTHCARE |
| Economic Co-operation and Development (OECD) | | | | REFORMS |
| countries. However, the rising healthcare costs and | | | | 2.2.2 CHALLENGES FOR OBAMA'S HEALTHCARE |
| increasing health premium rates, along with high number | | | | REFORMS |
| of uninsured people (about 47 million, i.e., approximately | | | | 2.2.3 IMPACT OF OBAMA'S HEALTHCARE |
| 16% of the total population) are among the significant | | | | REFORMS ON THE HEALTHCARE INDUSTRY |
| factors contributing to the need for healthcare reforms | | | | 2.2.3.1 Impact on Health Insurance Industry |
| in the U.S. Healthcare reforms in the country are | | | | 2.2.3.2 Impact of on Pharmaceutical and Medical |
| looked upon as an initiative toward provision of | | | | Devices Industries |
| affordable health coverage for all Americans, and | | | | 2.2.3.3 Empowerment of Healthcare consumers and its |
| improvement in quality and efficiency of healthcare. | | | | impact on U.S. economy |
| President Obama signed the health reform into law in | | | | 3 U.S. HEALTHCARE SYSTEM |
| March 2010 to address the inefficiencies of the existing | | | | 3.1 HEALTHCARE STRUCTURE IN THE U.S. |
| healthcare structure and to decrease the number of | | | | 3.1.1 REIMBURSEMENT AND FINANCING. |
| uninsured people in the U.S. The health reform bill | | | | 3.1.1.1 Public health insurance |
| outlines several provisions such as universal health | | | | 3.1.1.1.1 Medicare. |
| coverage, cost containment, increase in insurance | | | | 3.1.1.1.2 Medicaid |
| market competition, excise tax on medical device | | | | 3.1.1.1.3 Other public systems. |
| manufacturers, and lower drug costs for Medicaid and | | | | 3.1.1.2 Private health insurance |
| Medicare. Thus, the provisions in the health reforms | | | | 3.1.1.2.1 Employer-sponsored insurance. |
| directly impact the U.S. healthcare industry and its | | | | 3.1.1.2.2 Private non-group insurance (individual market). |
| stakeholders | | | | 3.1.1.2.3 Private group insurance (cooperative) |
| Table of Contents : | | | | 3.1. |
| 1 INTRODUCTION | | | | |