The U.S. can slash health-care costs 75% with 2 fundamental changes — and without ‘Medicare for All’

by Larry Emmott on September 2, 2019

in Health Care Politics

From MarketWatch:

As the Democratic presidential candidates argue about “Medicare for All” versus a “public option,” two simple policy changes could slash U.S. health-care costs by 75% while increasing access and improving the quality of care.

These policies have been proven to work by ingenious companies like Whole Foods and innovative governments like the state of Indiana and Singapore. If they were rolled out nationally, the United States would save $2.4 trillion per year across individuals, businesses, and the government.

Source: The U.S. can slash health-care costs 75% with 2 fundamental changes — and without ‘Medicare for All’ – MarketWatch

Click through and read the whole thing.

As I have been saying for a while now the “healthcare crisis” is not a crisis of care it is a crisis of affordability. What if we really could reduce healthcare costs by 75% by implementing the ideas in the linked article? Let’s say the article is too optimistic and we only reduce costs by 50%? Total costs were reduced by 50% WOW. A very good case can be made that our current insurance based, central command and control systems have been the primary cause of the affordability crisis.

I believe there is even greater potential in new digital technology to reduce costs even further. Look here for a recent example of how this will work.

There are three reason this is important.

  1. There is a digital technology component to the crisis and I believe changing technology will totally disrupt the healthcare system.
  2. Where medicine goes dentistry is sure to follow.
  3. I am a person and I am a customer of the healthcare system. I want it to work better and cost less.

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