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Bruce Wellman

Bruce Wellman

Retired pathologist and former CEO of Carle Physician Group at Carle Health, Urbana, Illinois.

Sep 23, 2026

6:19
Like why, why?
6:20
Let's just look at a few facts on where we are today in our system.
6:25
We basically have $5 trillion annual spending in US healthcare, about $27,000 per family versus $7,000 When we look at comparable advanced markets, like in Europe and Australia, 7,000 is the average for annual cost.
6:43
In private insurance, in our case, we have a very difficult, complicated system of pricing where the consumers don't see the price.
6:54
And so they see a small percentage of the price out of their income, but actually it's coming out of their income in multiple other ways.
7:01
Because of the fact we have a multi-tiered pricing structure between private insurance and public Medicaid and Medicare, where there's a 250% to 300% difference between what Medicare pays and what commercial insurance pays and individuals might pay, we have a very complicated environment in which to pay.
7:24
manage transactions.

10 MINS LATER

17:07
So that's the key.
5:50
Like why, why?
5:51
Let's just look at a few facts on where we are today in our system.
5:56
We basically have $5 trillion annual spending in US healthcare, about $27,000 per family versus $7,000 When we look at comparable advanced markets, like in Europe and Australia, 7,000 is the average for annual cost in private insurance.
6:15
In our case, we have a very difficult, complicated system of pricing where the consumers don't see the price.
6:25
And so they see a small percentage of the price out of their income, but actually it's coming out of their income in multiple other ways.
6:32
Because of the fact we have a multi-tiered pricing structure between private insurance and public Medicaid and Medicare, where there's a 250% to 300% difference between what Medicare pays and what commercial insurance pays and individuals might pay, we have a very complicated environment in which to invest.
6:55
manage transactions.

10 MINS LATER

16:38
So that's the key.

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