Here are five key notes:
1. The credit rating is high, reflecting economic and institutional strength as well as strong debt affordability. The country has a low susceptibility to event risk.
2. The U.S. dollar is a global reserve currency, which is one of the credit strengths regardless of policy shifts or government changes, according to the report.
3. Spending on non-discretionary social programs could weaken the country’s credit profile if they cause the federal deficit to widen as projected. These choices during the next presidency could make a difference in the medium-term:
• Fiscal policy
• Entitlement spending
4. Neither Democratic nominee Hillary Clinton nor Republican nominee Donald Trump have solidified their policies; Ms. Clinton has some revenue-based reforms to “narrow the long-term shortfall in Social Security financing” but Mr. Trump hasn’t addressed these issues.
5. The policies that could have an affect on the United States would be:
• Spending on infrastructure, if the spending was funded with new revenue sources or reallocation
• Tax reform
• Healthcare reforms
According to the report, policy issues like immigration and trade impact the country’s credit rating less.
More articles on healthcare:
Amkai tops Black Book’s survey of ASC EHR vendors in 2016
Political views may impact perception of healthcare quality—5 highlights
Consolidation, score of practice & value-based care: Key thoughts on 3 top concerns for anesthesiologists
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
