Forbes, Sept. 10, 2015
Kevin O'Marah, Contributor
A recently released survey of 2,716 Harvard Business School alumni found that the cost of healthcare was the top barrier to entrepreneurship in the United States. For most Americans this finding won’t sound especially surprising. What is surprising, and should be alarming, is that this same barrier is the least important of all 13 choices offered as part of the survey for entrepreneurs outside the US. What are we doing wrong?
Growth and Prosperity: The Context of our Healthcare Challenge
Most of what the press picked up in response to this HBS survey was concern over the rising inequality of income distribution in the United States. In the context of a relatively robust US economy this crumbling of the middle class is certainly worrying. Yet still, jobs are being added at a brisk pace and business is growing well.
Why then, do we have a healthcare sector that for all its technical sophistication remains a gigantic burden in terms of efficiency? The United States spends around 70% more as a percentage of GDP than other rich countries including those with demographic and cultural similarities like Canada, Australia and the United Kingdom but has an average life expectancy at birth that is slightly worse.
I believe the answer lies in supply chain