Health Care Profits Still Struggling But Will Rebound, McKinsey Predicts

By Jessica Karins / January 19, 2023 at 2:07 PM
The health care industry will continue to struggle through 2023 but may be able to return to historical profit margins by 2026, according to a new report by the management consulting firm McKinsey & Company, with growth of government insurance programs continuing to outpace private insurance. Economic conditions, including persistent inflation as well as shortages of health care workers and “endemic COVID-19,” are contributing to the continued troubled outlook for the industry, according to the Jan. 9 report on profit...

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