Deep Dive: The Business Model of Healthcare
Why does the U.S. spend more on healthcare than other countries but have worse outcomes? What are the incentives that drive the behavior of insurers, hospitals and drug companies?
My father died from a cardiac arrest 30 years after being diagnosed with diabetes. He spent 10 years on metformin, 10 years on insulin and the final 10 years on dialysis. Through his journey I saw the complexity of modern healthcare.
Fortunately, we lived this experience in Canada, where the government paid for our healthcare. When I came to the U.S., I quickly realized that had his ordeal played out here, we would have gone bankrupt.
This deep dive aims to explain the U.S. healthcare system. We have tried to break down every aspect of the market and their specific economic incentives to explain why the U.S. spends more than any other country in the world but is falling behind in measures like life expectancy.
If you are interested in learning more, you can read our deep dive below,
along with a companion podcast that introduces the material:
