Health Care Profits Still Struggling But Will Rebound, McKinsey Predicts

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...