4 Big Opportunities for Entrepreneurs to Help the U.S. Healthcare System Save Money

| April 18, 2018

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Let’s face it, at a staggering $3.3 trillion in 2016, healthcare expenses in the United States is expensive. Many healthcare systems are left cash strapped, throwing the burden onto patients, who end up facing really high costs. Luckily, there are better ways to save money, creating a win-win situation for all. Technology in healthcare is a double-edged sword. On one hand, it offers innovation. On the other hand, it results in pretty high costs. In the U.S., new technology has a patent system that is cumbersome. If a patient requires a patented life-saving medicine or medical management, the patient is required by law to pay the set price implemented by the patent holder. The insurance company and the government are not able to decrease this cost, despite the patient’s need. Some experts contend that new technology may not always be the best option.

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