Radical Innovators Are Trying to Transform Health Care

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STORY AT-A-GLANCE

  • The U.S. health care system is riddled with inefficiencies. With an annual budget of $3 trillion, it’s the largest industry in the United States, so there’s financial motivation to capitalize on expensive treatments, even if they don’t work well
  • Price gouging, overtreatment and fraud are yet other problems plaguing the U.S. health care system, contributing to its inefficiency
  • Many prevention strategies and simple, inexpensive treatments are ignored and not used for the fact they do not generate income for the doctors
  • Switching the incentive model is part of the answer. Hospitals that pay their doctors a salary and bonuses for patient health outcomes see significant improvements and have lower health care outlays
  • Geisinger Health in Pennsylvania prescribed prediabetic and diabetic patients fresh, whole food, along with treatment and educational support. As a result, they reduced the annual cost for Type 2 diabetics by 80%

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