Millennials Saving; But Not Enough: In a recent survey of millennial workers, 63% report they started saving for retirement before age 25. But less than a third are saving at least 10% of their salary through their employer-sponsored retirement plan.
Pricy Drugs: Prescription drug spending increased 13.1% in the United States last year, attributed partly to an increase in spending for specialty drugs. This is more than double the rate of increase on medical services in general and the highest such increase in over a decade.
Doc Shortage Quantified: Patient demand for doctors will grow by 17% by 2025, while physician supply will increase by 9%. Physician specialty areas, such as surgery, are expected to experience the greatest shortfalls. For instance, this study projects a primary care shortfall of between 12,500 and 31,000, and a non-primary care shortfall of between 28,200 and 63,700.
