Healthcare IT Today October 15, 2021
One of the stats that always bothered me when I heard it was that 5% of people are responsible for 50% of the spend in healthcare (and there are other variations that are quite similar). This is quoted so many times at conferences, that it’s almost annoying to hear it now. While this stat is accurate, it’s never sat quite right with me and I never could articulate why.
In a recenty twitter thread by Jay Parkinson, MD, MPH, I finally figured out at least part of why I was always uneasy hearing this stat. Here’s Dr. Parkinson’s thread:
If 5% of people consume 50% of a population’s health spend, 95% of people consume 50%. Yet, I bet 95% of...