Forbes January 2, 2020
Joshua Cohen

Let me begin this sobering post by saying there are aspects of the U.S. healthcare system that are admirable, especially regarding the use of cutting-edge innovative medicines and medical procedures. In cancer care, in particular, the U.S. has been at the forefront of a number of advances which have delivered miraculous benefits to patients. Yet, on the whole, America’s healthcare system appears “woefully dysfunctional.”

The U.S. spends about twice as much on healthcare as other Organization for Economic Cooperation and Development (OECD) countries, but ranks near the bottom in terms of life expectancy, and that gap has widened sharply in recent years.

In 1980, life expectancy at birth in the U.S. was comparable to many OECD countries. However, since then,...

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