As U.S. healthcare slides toward collapse, Americans are looking in the wrong direction for a cure. They are trying to cut costs and save money in order to make healthcare affordable. No one is focusing what really matters: dollar efficiency. To avoid miscommunication, terms should be clearly defined. Healthcare, one word, refers to a complex system that cost Americans $3.65 trillion in 2018 (19.4 percent of U.S. GDP). That amount is 130 percent of Great Britain’s GDP. Health care as two words includes the services or work product of health professionals as well as the goods and devices involved in diagnosis and treatment. Health care is a legally protected fiduciary relationship between a patient and a care provider. Cost in healthcare is often expressed in confusing, incomplete, and inaccurate ways. When I asked a hospital CFO how much it cost to do a cardiac catherization, he accessed his computer and told me a number in thousands of dollars. When I asked...(Read Full Article)