Why Earn A Degree In Health Care Law?
Friday, May 15, 2020
Today’s world is heavily shaped by the public global health crisis brought on by the COVID-19 pandemic. Are you interested in learning about the legal implications of health care? Health care law might be the right field for you!
The health care industry is an enormous and highly lucrative portion of the U.S. economy.
The amount of money that U.S. consumers pay for health care is increasing quite rapidly, and federal projections show that U.S. annual health spending will add up to nearly $6 trillion by 2027. In 2018, nearly 18% of the country’s GDP was used on health spending.
Rapid growth within the industry means a high level of demand for attorneys who specialize in health care law. The coronavirus pandemic will only increase this need further. For example, the CARES Act—which stands for the Coronavirus Aid, Relief, and Economic Security Act—may spur many health care organizations to hire more lawyers.
A benefit of focusing on health care law is that it provides an attorney with a very marketable skill set.
Local, state and federal governments frequently change health care policies. There is ongoing bargaining between insurance companies and health care providers—providing a steady stream of work for health care attorneys.
What is health care law and what to health care lawyers do?Health care law is a broad specialization that encompasses numerous types of legal disputes that come up in the health sector.
“If someone is generally a litigator, but handles a good number of health care fraud and abuse cases, or that person generally handles mergers and acquisitions, but for hospitals, that person might very well consider himself a health care lawyer,” shares Mark Ison, an instructor in health law at Belmont University in Tennessee.
“The delivery of health care in the U.S. is so highly regulated [that] I tell my students that a great health care lawyer is really just a great lawyer who plies his or her trade in or for the health care industry,” says Ison, who is also a practicing attorney for the health care group of the Sherrard Roe Voigt & Hanson law firm in Tennessee.
Health care lawyers have the chance to develop technical knowledge and gain the flexibility to pivot through their careers.
Many individuals and organizations are connected to the health system—including clinicians, patients, insurers, hospitals, government agencies and pharmaceutical companies—health care lawyers can represent a variety of clients.
Health care law is a broad subject, which gives students a great deal of flexibility while also specializing on a hot topic career.