Education and Health Care: Megatrends

• Health care in 2000

  • Largest piece of GDP – 14%
  • $2.3 trillion, or 16% of $14.4 trillion U.S. capital markets

• Demographics

  • Aging baby boomer population
    • Over 56 million Americans 55 and older
    • Additional 80 million Baby Boomers between 35 and 54
    • Enormous strain on health care delivery system
  • Significant nursing shortage
    • RN population under the age of 30 dropped to 9% in 2000 from 25% in 1980

• Health care job explosion

  • Over 50% of the U.S. Department of Labor’s fastest growing occupations (2000-2010) are health care-related
  • Majority require moderate-term training
  • Number of jobs projected to increase by over 45%

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