The U.S. health care system is complex, fragmented and expensive. Some might say it is not a system at all; rather, it is a collection of organizations that provide goods and services for individual patients and groups, under the scrutiny of industry watchdogs.
The cost of the U.S. health care system is projected to increase at 5.8 percent annually through 2020. Health care is the fastest-growing expense in the average American household, in the overhead of employers who provide health insurance, and in state and federal government budgets. Not surprisingly, new entrants offering “lower-cost, better solutions” are now focused on the health care industry: They regard it as a prime target for disruptive innovation. Reforming the U.S. health care system is a fiscal imperative. Reducing its costs while enhancing the quality of its goods and services is its greatest challenge.
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