The rate of spending on healthcare is growing at a dramatic pace and that’s good news for professionally trained medical assistants.

“In the United States, healthcare spending now represents 17 percent of gross domestic product (GDP), and, amidst a modest economic recovery, healthcare costs are expanding at twice the country’s economic growth rate,” stated a report by Russell Reynolds Associates. “According to the Organization for Economic Co-operation and Development (OECD), healthcare spending represents an average of 9.5 percent of GDP for the 34 OECD countries in North and South America, Europe and the Asia/Pacific region.”

A lot of the increase spending on healthcare is for employees, such as medical assistants.

“The average annual growth rate in healthcare costs for the group is 4.9 percent (exceeding the U.S. rate). In China, where most of the country is insured, healthcare spending is growing at a rate of 16 percent. The global phenomenon, regardless of payer system, is that the pool of available capital to pay for healthcare is either decreasing or staying flat, while costs are rising. The pharmaceutical sector, where overall revenue is expected to remain flat or to decline over the next 10 years, is a reflection of this new reality.”

The medical fields is growing at a dramatic rate and that means there are a variety of employment options for those with professional training in a variety of medical professions, including medical assistants. Milwaukee Career College offers a quality medical office specialist training program that can help you take advantage of the growing medical field and build a long-term career.