Editor’s note: this is the first of a year-long monthly series of commentaries on fiduciary governance.
U.S. commercial healthcare has become a $1.3 trillion extractor of corporate and household capital. For decades, the American employer has been positioned as the primary funding source for a system that has grown increasingly efficient at generating complexity and decreasingly efficient at delivering value. This structural inefficiency has resulted in a “leak” in the corporate P&L — a waste margin of roughly $4,000 per employee, per year.
