The increases in healthcare costs are mainly due to more expensive and intense care. The main cause is the aging and growing population, although diabetes and the cost of pharmaceutical had an effect. An increase of 8.5 percent was attributed to the rise of neck and low back pain. The increase for disease care increased from $258 billion a year to $697 billion. This was despite the utilization decrease resulting in a $201 billion savings, and shorter hospital stays.
The high price of drugs has already been justified, and the savings must come from other sources, like the prevention of hospitalization. The cuts are not having enough of an effect on the cost of healthcare. Some believe the value attained with the spending is worth the cost. Future research regarding the value associated with healthcare spending is becoming essential, and people are starting to question the current costs.
Tempus is a company focused on Technology, and was co-founded by Eric Lefkofsky. Their operating system was designed to help in the battle against cancer. He is additionally one of the founders of Lightbank, a company investing in disruptive technologies. He is also well known as the Chairman and one of the founders of Groupon, the e-commerce global marketplace. Eric Lefkofsky was additionally one of the founders for Uptake Technologies, specializing in a predictive analytics platform for the biggest industries in the world, Mediaocean, a business providing integrated media procurement technology, and Echo Global Logistics, a firm concentrating on logistics and transportation outsourcing.
The Lefkofsky Family Foundation was created by Eric Lefkofsky in 2006. This charitable foundation focuses on enhancing lives within the community by using high-impact initiatives. His wife Liz also serves the foundation. Eric Lefkofsky is well known throughout the Chicago area and serves some of the most prominent charities and establishments. His education was received at the University of Michigan, and he earned his Juris Doctor at the University’s Law School. His work through Tempus has been responsible for many of the differences made by technology regarding the availability of clinical and molecular data. This has been extremely useful for the research and treatment of cancer.