Intel’s Eric Dishman believes we can save a trillion dollars a year by moving at least 50% of healthcare services from hospitals, nursing homes, and assisted care facilities to homes. He calls for a “Going to the Moon” type of effort but knows that such progressive proposals would face strong opposition. Because funding home health care and making effective use of technology depends on a supportive regulatory environment, we often get involved in related political issues and occasionally post articles on public policy.
Trillion Spent, and Trillions Wasted
Our nation spends $2.7 trillion per year, which is nearly twice as much as other industrialized OECD nations, but according to the World Health Organization (WHO), we live sicker and die younger. Another way to save a trillion dollars per year is by replacing the need for health insurance with a single-payer system.
Unlike a Health care system, our nation’s Sick care system profits when we’re sick, and the incentive is to keep us as paying customers; so it manages disease, treats symptoms, and pays practitioners for each procedure, test and visit, while other parts of government subsidize agribusiness and processed foods and ignores poverty and environmental contamination.
As Steve Brill wrote in “Why High Medical Bills are Killing Us,” his 38-page special report for TIME Magazine, there’s no real competition if you can’t compare the outcomes and procedure costs of different hospitals but have no choice but to “pay up” when there’s an emergency.
Follow the money, and you’ll see that it mostly goes to hospitals, insurance companies, drug companies, equipment providers, and testing companies — not doctors. This health-care-industrial complex spends three times more on lobbying than the military-industrial complex. It’s a massive, money-making industry that doesn’t want to change and instead wants to grow larger.
Affecting Real Change
We also have proposed a hybrid public/private model of healthcare that we think would save over $1 trillion per year by exploiting different incentives and the benefits of a single-payer system while still leaving plenty of space for innovation and capitalism. But
We hope you will join the Fight to Rescue America’s Healthcare.