Why can't U.S. health care costs be cut in half?

By: Harvard Business Review


http://hbr.org/2013/11/delivering-world-class-health-care-affordably/ar/1

The U.S. healthcare system is robust and technologically evolving. However, it is unstable due to the continued cost of doing business. But India has changed that model, and perhaps the U.S. can look to its neighbor as a way to create a sustainable future for health care that is both affordable and top-notch. Professor Ravi Ramamurti and co-author Vijay Govindarajan write in "Delivering World-Class Health Care, Affordably" that "some Indian hospitals are delivering high-quality care at 5% to 10% of U.S. prices." And while Ramamurti and Govindarajan acknowledge that the cost comparison for the U.S. to India will likely always be higher, that the notion of the U.S. cutting costs of health care is not beyond its reach.