25 Jan Health-Care Summit: America’s health, costs lie behind economic slide
Once the strongest economy in the world, America has been on a steady downhill slide. One big reason: Americans’ poor health and the high cost of their care.
That was some of the bad news from the Florida Health Care Affordability Summit, which met in Orlando this month.
Out of the entire gross domestic product of United States, one of every six dollars goes to health care, said Michael Millenson, president of Health Quality Advisors, of Highland Park, Ill., in his keynote speech to nearly 400 health-care industry leaders, lawmakers and providers.
“When so much of that goes to wasteful spending, that’s too much and weakens us as a society,” he said.
High health-care costs make us economically uncompetitive and cause us to lose jobs, said Millenson, who agrees with the Washington policymakers who say, “If there’s one thing that can bankrupt the country, it’s health care.”