U.S. annual healthcare spending = $2.3 trillion $7600 per person 16% of the gross domestic product (GDP) Annual spending is expected to reach $4.2 trillion in 2016, about 20% of GDP In 2007, health insurance premiums increased by 6.1%, two times the rate of inflation Annual premium for an employer health plan covering a family [...]
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Medicare Advantage refers to private Medicare plans that are run by insurance companies such as Aetna, Humana, and UnitedHealthcare. These plans have proven to be very profitable for these companies. For example, they currently account for about 48% of Humana’s annual revenues. Unfortunately, this has translated into higher costs to tax payers and poor coverage [...]
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Since the controversy over the ENHANCE trial and the drug Vytorin, Schering-Plough’s stock has taken a hit. On April 2nd, the company announced the launch of their productivity and transformation program to confront their new challenges. “We are taking the tough actions that are needed to respond to a tough situation,” said Fred Hassan, [...]
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“The significant problems we face cannot be solved at the same level of thinking we were at when we created them” Albert Einstein We need an innovative paradigm, a disruptive attitude, and a new way of thinking to heal our ailing healthcare system.
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