How to Save a Trillion Dollars in Healthcare
Introducing price transparency and direct incentives into the U.S. healthcare system
By Collin West
In 2020, we predicted that our prior portfolio company Sidecar Health could eventually save $1 Trillion in Healthcare here and the company has been off to the races ever since.
“The US spends $3.5 trillion dollars annually on healthcare, which comes out to $10,700 per person (CDC). The most dollars are spent on hospital care (33%), physician and clinical services (20%), prescription drugs (9.5%), and nursing and continued care (4.8%).
Part of the problem is cost. Healthcare is the only market in the country where the patient is unaware of the cost of service they are receiving.”
Read more about our thesis for healthcare savings and how our portfolio company, Sidecar Health, is doing incredibly important work - and successfully!