More than 70% of U.S. adults feel the healthcare system is failing to meet their needs in at least one way, according to new data from the Harris Poll. Only 27% of the survey participants said the U.S. medical system meets all their needs.
The American healthcare industry is facing unparalleled challenges. An aging population, physician burnout, and lack of trust in government healthcare agencies are part of a huge problem that can’t be solved with bigger budgets.
The United States has dramatically higher healthcare prices than other advanced economies. This is the case for surgical procedures, diagnostic tests, prescription drugs, and almost any other type of healthcare service. Administrative healthcare costs are higher as a share of GDP in the United States than in other countries. These administrative (i.e., nonclinical) costs take several forms: claims processing and payment, prior authorization and eligibility determinations, and quality measurement, among others.