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Survey finds new opportunity for health services as a result of the Affordable Care Act; it's a great time to be a pharmacist serving the Hispanic community
That Hispanics are a growing proportion of the US economy is not news, but the parallel tracks of changes in healthcare delivery for all Americans and the changes wrought by the Affordable Care Act warrant a closer look at this population, says PwC’s Health Research Institute (New York), which partnered with the company’s Entertainment, Media and Communications practice to survey current healthcare patterns in the Hispanic population nationally. Results are tabulated in the group’s report, Hispanics: A growing force in the New Health Economy.”
One key driver is that the Affordable Care Act has the potential to bring 10 million uninsured Hispanics into the health system—but a challenge to that is the fact that while Hispanics represent approximately 25% of the uninsured population, only 10% of the signups for coverage through April were identified as Hispanic. For many, with a heritage of healthcare-consumption practices formed in Latin America, healthcare is more of a local and personal activity, and there is a notable preference for obtaining basic services from local clinics and from pharmacies. Other findings:
Business opportunities for manufacturers and healthcare providers derived from these nuances, according to PwC, are: