What a waste
- Michael Connelly
- Aug 10
- 1 min read
Three decades ago, there were no healthcare companies in the top 25 of the Fortune 500. Today eight of the top 25 are healthcare companies. Ironically, none of those top eight actually provide care to patients. They are organizations adding greatly to the overall cost of healthcare but creating almost no value for patients. In fact, they tend to create frustration for patients. The murder of United Healthcare’s CEO (number 3 on the list) illustrates the level of frustration created by these overhead entities dominating healthcare.
So why do we spend so much of our healthcare dollars on overhead? It is estimated that we spend one trillion dollars annually for billing alone - what a colossal waste of money. These costs are unnecessarily high because we make everything in healthcare too complex - from coding, to HIPPA, to fraud and abuse. These self-imposed systems are insanely complex and ineffective.
Fundamental progress will require these overhead burdens to be changed or eliminated. Go to www.thejournys-end.org to learn more about our options for reform.

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