8. Healthcare Analytics
8.1 Healthcare Analytics as an Emerging Discipline
For the past few years, healthcare spending in the United States has been accelerating rapidly. For instance, compared to the same quarter in 2014, healthcare spending in the U.S. rose by 4.9%, while the economy grew by 2.3%, according to the Commerce Department (Whitman 2015). There are a multitude of factors fueling this cost rise, including (1) the Patient Production and Affordable Care Act of 2010, which overhauled the U.S. healthcare system and mandated health insurance for nearly 17 million previously uninsured people; (2) a greying population, which increased the cost of government-funded Medicare and Medicaid programs; (3) an increase in the price of drugs (especially ...
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