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3Q16 healthcare themes conference call
We hosted our 3Q16 Healthcare Themes Call earlier today with a comprehensive update of our #ACATaper and Healthcare #Deflation themes with new datasets and analysis. The U.S. Medical Economy remains extended after the largest expansion in insured medical consumers in a generation. Slowing growth in medical consumers, continued deterioration in affordability, aggressive payor reforms, company leverage at 15-year highs, and multiples at 10-year highs is a recipe for downside. We don't believe that the U.S. Medical Economy growth recovery of 2014 -2015 is durable, but rather a temporary boost in consumption driven by massive government stimulus.
Emily Evans, Director of Health Policy at Hedgeye, also joined the presentation and shared her views on major policy initiatives including Alternative Payment Models, MACRA, and post-acute reform, among other topics that significantly impact our fundamental views.