US healthcare is the most expensive in the world. In 2016, Healthcare comprised 17.9% of the US GDP of $16.6 Trillion or $3.24 trillion and will increase 5.8%/year to 20.1% of the US GDP in 2025. In 2017, HC is $3.4 Trillion. In the world, HC comprises 10% of the world’s 2016 GDP of $80 trillion or $8 trillion US. Expenses are rising in similar fashion for that sector as well1. www.plunkettresearch.com
All major HC systems are closed, proprietary environments, thus making true interoperability a difficult process at best.
Siloing of data http://www.darkdaily.com/
Because billing is separate from services rendered, healthcare cannot run as a viable business like every other industry in the world.
In 2014, $272 billion dollars was swindled out of the US healthcare industry.
Historically, the healthcare industry has never been able to capture or export the complete patient experience, as it unfolds, to all relevant parties due to the separation of billing to services rendered. Note. This also applies to single payer as payment by government, along with associated expenses, is the P&L equivalent of profit oriented HC systems in the US.