The Future Of Our Broken Health”care” System

August 13, 2009

2 Great videos from the site 10000Pennies:

How Effective is American Healthcare?

August 13, 2009

Dr. Jay Parkinson spits forth more brilliance about American Healthcare:

Healthcare delivery is a process. If we have no “System” to facilitate this process, that’s sort of like asking a bunch of disconnected, independent auto workers to find a place and come together on their own accord to build a ton of cars. Sure, they could build cars. It would take a ton of time and would be astronomically expensive, but it could be done. That’s sort of like healthcare in America. The ROI for a disconnected, perversely incented system shouldn’t even be measured. Like Obama says, “its kind of like the Special Olympics.”

This is based off of Umair Haque’s work on Harvardbusiness.org:

How much bang for the buck we really get in terms of life itself? I began with a measurement of Potential Years of Life Lost (PYLL). PYLL works like this: If a male lived to age 60, but average life expectancy was 69, 9 years of potential life would have been lost. PYLL is an interesting number to economists because it is a measure of opportunity cost: how much life is foregone in different healthcare systems.

Where does the United States stand compared to other countries? It loses the most potential years of life amongst developed countries. In the United States, 6397 years of life are lost per 100,000 males — compared to just 4574 in the United Kingdom, or 4018 in Italy.

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The United States gets the smallest bang for the buck in terms of life itself amongst developed countries: it realizes the lowest level of “life returns.” The U.S. healthcare system returns the fewest life years for each dollar spent. The United States, for example, has invested an additional 8.3% of GDP in health since 1971. That investment yielded a PYLL reduction of 5157 years. America realized a return of 621 potential years of life gained for each additional percentage point of GDP invested in health.

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