Here’s the simple reason: everyone gets sick eventually. You can skip buying a new phone or a fancy car, but you can’t skip a broken arm or a cold. It’s the ultimate “must-have” market. And with new treatments for everything—from acne to Alzheimer’s—the cost just keeps climbing.
Also, governments love it. Most countries spend a huge chunk of their budgets on healthcare. In the U.S., it’s about 20% of the economy. That’s like spending a fifth of your paycheck on vitamins and doctor visits. Yikes.
A Slightly Gross Math Exercise
Imagine you earn $50,000 a year. If you spent the same percentage as the world does on healthcare, you’d hand over $10,000 to health stuff annually. That’s a lot of bandaids. But hey, you’re worth it!
Some experts predict healthcare will hit $15 trillion by 2030. That’s because we’re getting smarter about cures, but also because aging boomers are a goldmine for the industry. No offense, boomers—we love you, and your knees.
