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$1.65 Trillion Federal Health Market Will Be Boon For IT Industry
NextGov: Federal spending on health care is expected to balloon over the next seven years, providing ample opportunity for health IT—and its vendors—according to a report from the Federal Market Analysis team at GovWin from Deltek.
The report—Federal Health Information Technology Market, 2018-2023—notes health care spending is only going to rise, even if efficiencies are built into the system. Deltek projects federal health spending will increase by 80 percent over 10 years, from $918 billion in 2015 to $1.65 trillion by 2025.
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