Forbes September 12, 2022
For decades, the U.S. medical system has suffered from access and quality issues, outdated technologies and unaffordable prices. And, as I wrote last month, this failing system now stands in the path of the perfect storm—a confluence of three mega forces:
- Healthcare inflation. Medical costs will increase by double-digits rates starting in 2023, experts say. Should those estimates hold, total health expenditures will double in just seven years—from $4 trillion to over $8 trillion.
- The nursing shortage. A recent study indicates 90% of nurses are considering exiting the profession in the next year. Nurses report unrealistic job demands, abusive patients and lack of support as reasons for quitting.
- The burnout crisis. Nearly half of physicians feel overworked and underappreciated....
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