Maybe it’s cost or the want to keep one’s independence. Whatever the reason, more and more Baby Boomers are opting for in-home healthcare instead of assisted living. Consequently, the medical equipment market is experiencing a boom in business. Yet with prosperity comes responsibility.
Prepare yourself. The Affordable Care Act (aka Obamacare) is changing more than the way Americans buy their health insurance. It will dramatically shift the way physicians purchase their professional liability insurance as well.
As America watches the drama of healthcare play out on its political stage, one thing will remain certain regardless of its fate: Insuring the people who care for the elderly will always present its own set of challenges.
Is there such thing as a bulletproof sector of the economy? Maybe. When times are tough, people may delay vacations, rein in their discretionary spending, downsize their living arrangements, even postpone higher education. But however bad things get, waiting to treat a major health issue often just isn’t an option – and gaps in medical…