Cardinal Health - Competitors

Cardinal Health Competition

Now Viewing Cardinal Health's competition in: Healthcare (primary)

Recent Developments

Physician Support for National Health Insurance is Rising - Nearly 60 percent of US physicians support national health insurance, according to survey results published in the Annals of Internal Medicine. About 32 percent of physicians oppose national health insurance, and about 8 percent are undecided. Many experts cite rapid growth in the number of uninsured Americans as a key reason for rising support of national health insurance among physicians.

Many Government Contract Workers Lack Health Insurance - Increasing use of contract workers by the US federal government is contributing to the number of uninsured US residents, according to The Wall Street Journal. Only contractors with service contracts of more than $2,500 are required to provide locally prevailing wages as well as fringe benefits or the cash equivalent. Contractors in an industry that typically doesn't offer health insurance don't have to comply. The number of federal contract employees doubled to 5.4 million from 1990 to 2005, according to a specialist on government employees at New York University.

Universal Health Coverage Causes Physician Shortage - The passage of Massachusetts' universal health care law in 2007 has resulted in a physician shortage in the state, according to The New York Times. About 340,000 residents have obtained coverage since the law was passed but the number of physicians hasn't increased, and the newly insured are having difficulty scheduling appointments. The Massachusetts Health Insurance Connector Authority has acknowledged "the prospect of a severe shortage" as patients shift from seeking care in ERs to physician offices.

Competitive Landscape

Although a large majority of hospitals are operated by nonprofits, most doctor offices, nursing homes, insurers, and manufacturers of medical products are for-profit entities. The industry is one of the few in the US with large participation from the government, both as a direct-care provider through the Department of Veterans Affairs and other hospitals and clinics, and as an operator of health insurance and other payment programs like Medicare and Medicaid.

Full Industry Overview For Healthcare

Healthcare Industry Forecast

from Hoover's/D&B subsidiary First Research

The US output for healthcare, a sector that includes physicians, dentists, other professional medical services, hospitals, home healthcare, and nursing homes, are forecast to grow at an annual compounded rate of 5.9 percent between 2007 and 2012.

Strong Steady Growth on Healthcare

First Research forecasts are based on INFORUM forecasts that are licensed from the Interindustry Economic Research Fund, Inc. (IERF) in College Park, MD. INFORUM's "interindustry-macro" approach to modeling the economy captures the links between industries and the aggregate economy.