Supported by emerging markets, General Electric healthcare raises growth projection to 10% per year

The Wall Street Journal: General Electric's healthcare division raised "its projection for profit growth to 10 percent a year as emerging markets such as China spend more on medical equipment." GE Healthcare President John Dineen "said his operation is positioned to benefit from big trends driving global health-care markets, including efforts aimed at lowering costs and improving quality. 'The fact of the matter is, [every country] has a health-care system, and everybody is trying to improve their health-care system,' Mr. Dineen said. … Mr. Dineen didn't comment extensively on the outlook for U.S. health care legislation in the wake of the recent midterm elections. The debate over the law last year hurt GE Healthcare, which saw a 15 percent decline in profit to $2.4 billion, as some hospitals held back on buying equipment amid uncertainty about reimbursement rates and other issues" (Glader and Sechler, 11/10).

---

This article was reprinted from kaiserhealthnews.org with permission from the Henry J. Kaiser Family Foundation. Kaiser Health News, an editorially independent news service, is a program of the Kaiser Family Foundation, a nonpartisan health care policy research organization unaffiliated with Kaiser Permanente.