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Technological Innovation Propels the Big Shift

The American healthcare system is designed in such a way that when a patient is treated, every player makes money: the doctor, the hospital, the drug company, the insurer. Consequently, there is little financial incentive to prevent illness. There’s no profit in it. So the patient keeps paying more in direct costs, insurance costs, and prescription drug costs.

Healthcare eats up a sizable chunk of the typical American household budget. According to the US Bureau of Labor Statistics, in 2017 the average American household had an operating budget of $60,060. Of that, $4,928 was spent on healthcare. ...

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