Government Drops Big Data Bombshell on U.S. Hospital Industry – Forbes
The story is still reverberating throughout the healthcare system today – and it will likely be thought of in the same vein as the Institute of Medicine’s To Err is Human (1999) – PwC’s equally stunning The Price of Excess (2009) and perhaps to a lesser extent – Mary Meeker’s USA, Inc. (2011 – which highlighted the current and future calculus of healthcare on the balance sheet of USA, Inc.).
If there’s a single industry that has the capacity to drive our country over the proverbial cliff – healthcare is one really good candidate. It’s now at about $3 trillion (unless you use Deloitte’s number’s which are higher) – and accounts for roughly 18% of our GDP – per year. Our healthcare system is basically “an economic unit roughly the size of France” (from David Brooks recent article Health Chaos Ahead).