How to Money · Wednesday, September 23, 2026
Dr. Jordan Grumet asserts that the United States spends twice as much on healthcare as other developed countries, yet the actual health outcomes are comparable. He suggests that the excessive cost is not due to the quality or efficiency of care delivery but rather the numerous third-party intermediaries profiting from the system, leading to higher premiums and out-of-pocket expenses for everyone.
“In the United States, it's 13,000, which would be wonderful if we got doubly as good health care. But most of the studies show that actually health care in the United States is about the same as it is in other developed countries. And so, yes, you might get a little bit faster care. You might go to a slightly nicer hospital. But otherwise, we're paying double what everyone else is and they pay it in their taxes and that's it. we get clabbered with premiums and co-pays.”
“So the U.S. does do a lot of things well. I don't want to say our medical system is bad. The bigger question comes from, well, will that kill medical innovation? Well, guess what? Where have we had some of the most innovative things happen more recently? Ozempic didn't happen in the U.S. It was developed outside of the U.S.”