What Does Obamas Healthcare Program Offer on Business and Job Opportunities?

President Obama pushes a very challenging program in order to overhaul the health system. His politics can be differentiated into two main categories: 1. All the US residents should get access to health insurance. It has to be stated that the lack of an overall health insurance causes a high poverty risk for the uninsured population 2. The healthcare reform should fight the soaring health costs.

Obamas program is of general interest. Exploding health care costs are a problem in all western and industrialized countries of the world. All the developed health care systems are compelled to fight the increasing costs, in US as well as in Europe and Japan.

The raising life expectancy is a main driver of the increasing health care costs in the industrialised countries. The average life expectancy is 78.06 years in the US, 75.05 years for the male and 80.97 years for the female population. US only rank at place 30 at a list by the CIA World Factbook. Japan, Canada and many European countries show higher average life expectancies above 80 years. An aging population shows an increasing rate of chronic diseases, a higher need for long-term medical treatment and stays in hospitals.

A successful health reform can emerge new business and job opportunities. If the US manages to cut health costs effictively, the reform could be a model for other countries. This is the reason that the world shows a close interest in the outcome of the program.

How to make money thanks of the new health policy

Only the fact that additional 45 million persons should join a health insurance creates a mass of new jobs in the health insurance companies. All these people need to be filed and administered. New office workers are needed even if there is already a highly efficient administration at work.

A mass of additional people get easier access to health services. They will visit doctors and hospitals more often and they will swallow more pills thanks of the health insurance.

Cutting costs in the health system is very ambitious because there are a lot of powerful lobbies to overwhelm: the physicians, the hospitals, pharmaceutical industry. They all watch eagerly on their share on the patients and consumers money.

Concepts to reduce health costs, however, offer new opportunities for other players:

Consulting firms will have a lot of work to do. It is inevitable to hire such firms in order to design cost efficient health services and hospitals. It is expectable that the public administration cannot do the job without the support of consulting firms and advisers. Health insurance companies need to be empowered to bargain lower fees and prices from suppliers of medical services, medical equipment and pharmaceutical products and to supervise their performance. There is a lot of expertise needed to curb down the costs.

Patients will be released as soon as possible from hospitals in order to reduce or at least to stabilise the costs. Thus more home nursing and home care services will be needed. Such services will grow, because it is cheaper to care for elderly and handicapped people in their own homes instead of nursing homes. Or they will rather move to a sheltered flat than in a nursing home. More jobs will be created in this field and more people will start firms in order to provide such services.

It is cheaper to send pharmaceutical products by mail-order-business-like pharmacies to the patients than to send them for the pharmaceuticals to the pharmacies. Insurers could insist more often on using the services of mail-order-business pharmacies by patients with chronic diseases. Some entrepreneurs will take the chance to run such services.

The best way to cut medical costs effectively is health prevention. The costs to treat and heal diseases outweigh by far the costs to prevent or at least delay diseases. The demand for health education, diets, gymnastic and physiotherapeutic programs could increase. This sector also will create more jobs and opportunities for skilled small business owners. Some health insurance schemes might cover a part of expenses for health prevention.

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