PR Newswire November 10, 2021

COLLINSVILLE, Conn. — Rapidly rising healthcare spending in the US has reached $3.8 trillion per year, which is roughly equivalent to the entire revenue of the federal government. National healthcare expenditure is projected to reach $6.2 trillion by 2028, nearly matching the total federal budget.

“This is completely unsustainable,” says Michael Waterbury, CEO of Goodroot, a community of companies dedicated to lowering healthcare costs and increasing access to care. “When healthcare costs are greater than the total revenue collected by the federal government, it’s no surprise that nearly a third of working Americans are struggling with medical debt. Healthcare costs are a tremendous drain on the US economy and the industry is ripe for disruption.”

Companies like Famulus Health offer tools to reverse the trend of rising healthcare costs. Famulus taps into...

Today's Sponsors


Today's Sponsors


Today's Sponsor


Topics: Biotechnology, Employer, Govt Agencies, Healthcare System, Insurance, Medical Devices, Patient / Consumer, Pharma, Pharma / Biotech, Pricing / Spending, Provider
'Impossible to Navigate' Price Lists at Cancer Hospitals
Americans Cite COVID-19, Access and Cost as Top Healthcare Issues at the End of 2021
HIMSSCast: Why a Google vet started a next-gen health insurer
Top states with the most affordable healthcare
Why Cutting Out the Middleman Can Reduce Healthcare Spending