Modern Wisdom #912 - Brigham Buhler - Ex-Pharma Rep: Why American Healthcare Is So Broken
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Mar 8, 2025 Brigham Buhler, a healthcare entrepreneur and CEO of Ways2Well, shares eye-opening insights into the American healthcare crisis. He discusses how profit-driven motives lead to exorbitant costs and rampant prescription drug reliance. Buhler reveals the shocking truth behind America's highest bankruptcy rates linked to medical bills. He also critiques the roles of big pharma and emphasizes lifestyle changes over medications in mental health. The conversation highlights the stark disparities between U.S. and U.K. healthcare, advocating for substantial reforms to prioritize patient well-being.
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Corporate Capture of Healthcare
- The number one cause of bankruptcy in America is healthcare costs.
- The root cause of this broken system is corporate capture, prioritizing profits over health.
Insurance Profits and Chronic Disease
- Insurance companies profit from chronic disease, earning 4x more than pharma last year.
- They control access and incentivize drug use, contributing to America's poor health.
PBMs and Drug Prices
- Pharmacy Benefit Managers (PBMs) were meant to lower drug costs but were captured by insurance companies.
- Now, they negotiate rebates, increasing drug prices and insurance profits.