As a result of an increase in both healthcare charges and number of individuals in need of medical services, Americans have spent an extra amount worth $933 billion between 1996 and 2003. A recent analysis by JAMA established that aging and population increase would lead to increased spending while change in the commonness of diseases is related to slight decrease in yearly expenditure.
Gerald Anderson from the Bloomberg School of Public Health stated that it has been identified for many years that prices are the reason behind high level of spending. However, new findings on treatment expenditure are alarming. According to Joseph Dieleman, different diseases have different factors causing major increase. In addition each factor studied by researchers contributes to expenditure increase.
For instance, a study done established that diabetes had the highest expenditure increase of $64 billion of which $44 billion was on cost of drugs. However, spending remained constant for low back and neck pain at $57 billon even after the number of patient seeking help for increased by 8.5% annually. Despite efforts to reduce utilization adding to $201 billion spending decrease, costs still increased from $258 billion to $697 billion. Dieleman concluded that the spending keep on rising even after efforts were made to reduce it. He explained that the data will call for new researches of charges of healthcare pending.
The Lefkofsky Family Foundation was established by Eric Lefkofsky with his wife in 2006. The foundation is a private charitable organization working towards improving the quality of human life in the society through advancement of initiatives, high-impact programs and research. To achieve this, the foundation focuses on improving fundamental human rights, promote access to education, propel innovative medical research and expand cultural initiatives. The organization supports over 50 organizations.
Eric Lefkofsky was born in 1969 at Detroit, Michigan, U.S.A. He is prominent entrepreneur who has established and successfully operated several companies. Among them include InnerWorkings, Echo Global Logistics, MediaBank and Groupon. He is also the co-founder and CEO of Tempus, a technology company that allow physicians to offer personalized cancer care to patients.
Besides being a famous entrepreneur and a philanthropist, Eric Lefkofsky takes part in several community organizations. He holds positions in several community projects including Children’s Memorial Hospital, The Art Institute of Chicago, Steppenwolf Theatre Company and World Business Chicago. He is also a professor at the University Of Chicago Booth School Of Business.