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Obamacare Encourages Innovation As Droves Enter Healthcare

Obamacare Encourages Innovation As Droves Enter Healthcare
A new report from PricewaterhouseCoopers shows that the Affordable Care Act has directly and indirectly spawned new companies as savvy entrepreneurs rush to avail of new opportunities.

A new report from PricewaterhouseCoopers shows that the Affordable Care Act has directly and indirectly spawned new companies as savvy entrepreneurs rush to avail of new opportunities.

Arundhati Parmar

Obamacare or the Affordable Care Act leads to strong emotions for and against the law that is now five years old.

But in a new report from PricewaterhouseCooper's Health Research Institute about the five trends emerging from the law, one thing seems to be clear.  

It appears that Obamacare has been a veritable engine of innovation. 

" The ACA - by bringing millions more paying customers into the market, promoting transparency, loosening technology regulations and driving changes in how care is delivered and paid for— opens the gates for savvy investors and start-up firms to enter the rapidly expanding $2.9 trillion industry," the report declared. 

The Health Research Institute has found that more than 90 new companies have been created in 2010, some in direct response to the requirements of the ACA.

Here is Pwc' snapshot of the types of companies created along with some examples in those segments. Click and scroll to page 11 for enlarged view. 

Arundhati Parmar is senior editor at MD+DI. Reach her at [email protected] and on Twitter @aparmarbb 

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