Thursday, December 1, 2016

Why is American healthcare so expensive?

In the United States, the cost of healthcare is by far the highest in the world when compared to the country's GDP. Most other developed nations spend far less than we do compared to their own GDP. What creates such a disconnect?

Today, American spend around $3 trillion or a whopping $9,500 per person on healthcare for outcomes that are no better than any of these countries, and a life expectancy that is the lowest among these same nations. Over the years, prices keep on climbing, letting to think that, one day, healthcare might have to be limited to remain affordable...

Could our system be so inefficient to cause this disparity are there an army of parties that enrich themselves along the way, like hospitals, doctors, drug and insurance companies? Most probably. Common sense would suggest that there must be a way to look at what other countries do right to get their healthcare at a fraction of the cost Americans pay.

What ever happened to best-practices? Have be become so insular that we've also decided to so full of ourselves and chosen to ignore what it is that some other countries do better than we do? These questions call for more discussions and reviewing a selection of game-changing solutions!

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