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Fixing Health Insurance Starts with Managing Inefficiencies

Healthcare costs in the U.S. have soared from $240 billion in 1980 to $3.5 trillion in 20171. The 10% CAGR in spend has shot far above economic growth and has eaten into wage growth, as employers struggle to fund health plans for their workers. Today, healthcare accounts for 18% of U.S. GDP and costs about $10,000 per capita in PPP terms – approximately double the OECD average.