Recent studies show consumers' concerns about high costs impacting their access to healthcare and increasing medical debt. A survey by Gravie and Wakefield Research showed that 86% of consumers are worried about their health benefits not covering a portion or all of their exams, treatments, or procedures for 2022.
However, despite the inflationary environment and macroeconomic uncertainties, healthcare companies tend to perform relatively well due to almost inelastic demand for their goods and services. According to the Centers for Medicare & Medicaid Services (CMS), healthcare spending in the United States is slated to expand at a 5.4% CAGR to $6.20 trillion in 2028.
