Leroy Hood: Healthcare Dollars

Meaning of Leroy Hood Money Quote: saying The most healthcare dollars are spent on keeping those with chronic disease alive. Leroy Hood said:

 

 

“More than 86 percent of total healthcare dollars are spent on chronic disease in the United States, where $1 out of every $5 spent is on healthcare. That’s $4 trillion” — Leroy Hood

In this quote, Leroy Hood is providing some statistics about healthcare spending in the United States. He states that more than 86% of total healthcare dollars spent in the US go towards chronic diseases.

He also notes that out of every $5 spent in the US, $1 of that is spent on healthcare. And together, those healthcare costs related to chronic diseases total $4 trillion.

So in summary, Hood is highlighting how an enormous portion of US healthcare spending – the majority of it – goes towards treating chronic diseases, demonstrating the huge financial impact and burden that chronic conditions place on the healthcare system.

Leroy Hood: Medical Bankruptcies

Meaning of Leroy Hood Money Quote: saying the cost of medical treatments contributes to people claiming bankruptcy about two thirds of the time. Leroy Hood said:

 

 

“Medical expenses contribute to two-thirds of all bankruptcies in the United States” — Leroy Hood

In this quote, scientist Leroy Hood is pointing out that the majority of personal bankruptcies in the United States are caused by high medical costs and expenses. The best interpretation is that Hood is drawing attention to the significant financial burden that medical bills place on many Americans.

His statement suggests that the current healthcare system does not adequately protect people from the risks of steep medical costs leading to bankruptcy. The overall message seems to be that reform is needed to reduce the rate at which medical expenses are undermining individuals’ and families’ financial security in the United States.

Leroy Hood: Low Profit Healthcare

Meaning of Leroy Hood Money Quote: Suggesting that the U.S. Healthcare system is geared toward making money, rather than keeping people healthy long term. Leroy Hood said:

 
 

 

“Under the current healthcare system, wellness isn’t profitable” — Leroy Hood

This quote from scientist Leroy Hood suggests that within the existing healthcare system, focusing on preventative care and promoting overall wellness is not as financially lucrative as treating sickness and disease. The implication is that there are fewer opportunities for profit when people are healthy, as compared to when they require ongoing or expensive medical treatment for illnesses.

His point seems to be that for the healthcare industry as a whole, it is more economically advantageous to emphasize prevention and long term wellness over cures. This critique calls for restructuring incentives to make wellness and prevention equally or more profitable than the status quo which favors sickness.