The U.S. healthcare system is a multi-trillion dollar industry that is only expected to grow in the coming decade. But with half of Americans in medical debt, employers and employees alike are questioning just how much of those inflated costs are necessary.
With the right interventions, Americans could save $2.5 trillion in healthcare spend by successfully managing or avoiding preventable chronic conditions, according to data by the Centers for Disease Control and Prevention. While chronic diseases such as diabetes, cancer and heart disease make up 90% of healthcare costs, more than 90% of type 2 diabetes, 80% of Coronary artery disease, 70% of strokes and 70% of colon cancer are potentially preventable given the proper care and lifestyle changes, as cited by the National Center for Biotechnology Information.
