CHI Health Care responded to a health care system in crisis-
[Charts courtesy of the Peter G. Peterson Foundation-
The Covid-19 pandemic has put further strain on an already stressed system.
The U.S. currently spends far more than any other country on health care but ranks only 32nd in life expectancy and other key health indicators like the growing epidemic of chronic disease. Overall healthcare costs — including all private and public spending — are anticipated to rise by an average of 5.5 percent per year over the next decade — growing from $3.5 trillion in 2017 to $6 trillion by 2027.
Healthcare spending is projected to grow faster than the economy, increasing from 17.9 percent of gross domestic product (GDP) in 2017 to 19.4 percent of GDP in 2027. (Peterson Foundation https://www.pgpf.org/blog/2019/05/healthcare-costs-for-americans-projected-to-grow-at-an-alarmingly-high-rate )
This has created an unstainable drain on the country. We are heading over an economic, social, and health disparities cliff at immense human cost.
Whether the system ultimately changes through traumatic catastrophe or through an intentional and planned structural shift to a new paradigm is the question at hand.
