The U.S. health care system has grown in cost and complexity over the decades, leading some observers to say it’s time for a radical shakeup.
The current system is an amalgam of public and private insurers, for-profit and nonprofit care providers, drug manufacturers, benefit managers, retailers, and sprawling health conglomerates.
Americans collectively spent $4.9 trillion on health care in 2023. No other country spends as much, yet Americans are less healthy than those in comparable nations and do not live as long.
“The old business model of fee-for-service in a fragmented system is no longer viable,” an article published by the National Institutes of Health states. “Bold leadership is needed.”...