From Atul Gawande / The New Yorker: Studies show that spending more money on healthcare, past a certain level of care, worsens patient outcomes. Mayo Clinic has one of the highest-quality for the lowest cost healthcare systems in the nation. They achieve this by pooling all of the revenue from the hospital system and the doctors and paying everyone a salary, removing the incentive to increase personal revenue by increasing spending, and encouraging physicians to work with their colleagues and their teams to provide a higher level of patient care.
Learn about other social innovations in healthcare.
For the superrich and the biggest U.S. charitable foundations, donating to universities, hospitals and cultural institutions is the norm. Less
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