How insurance companies are investing in AI to improve health care
Technology stocks have a big part to play in the health care industry, with technology stocks accounting for more than $10 trillion of annual spending.
In fact, the combined total value of the technology stocks and healthcare sectors is larger than the combined value of all other sectors combined, according to a report by the Oxford Economics Center at Oxford University.
Technology stocks accounted for about 3 percent of global healthcare spending in 2016, the most recent year for which data was available.
Healthcare spending is an important source of revenue for the healthcare industry, which is a critical driver of U.S. economic growth.
However, as the U.K. moves to adopt the Affordable Care Act, it is unclear whether it will be able to maintain its high level of spending in the near term, said James Bittles, an analyst at The Boston Consulting Group.
Healthcare spending in 2017 fell by 3.6 percent, while spending in 2018 fell by 7.5 percent, according a study by PricewaterhouseCoopers.
The U.N. Health Technology Assessment estimates that the U to $30 trillion in global healthcare is at risk of falling out of balance as healthcare spending grows faster than inflation, with global health spending projected to grow by an average of 1.4 percent per year from 2021 to 2030.
This is a developing story.
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