Here is the problem with our health care system:
Doctors and hospitals get paid to do as much as they can – not what is needed, but as much as they can. Supply creates demand. And it is estimated that over 50% of health care costs stems from supply, not demand. So, the value of our health care system is deflated because, for the money we pay docs to do as much as they can, we get very little health benefits in return.
We’re spending $2.5 trillion per year on chasing chronic disease with drugs and procedures that help a third of people, don’t do anything for a third, and harm the last third. And all of this so that we can prolong the average adult life by 6 years over the past 100 years.
It’s making us extremely uncompetitive with the economies of the rest of the world. Considering one in every 5 dollars in our GDP goes toward health care, I’d say this is top priority Obama.