“Pearl asked MBAs to take a step back and imagine they were ’students from Mars.’ ‘The fragmented system of care is no better than [the] 19th century cotton industry … We are going to have to change all that if we want to move America’s health care into the 21st century….American health care has to change and will change. The cost of health care is simply not affordable … It grows twice as much as GDP. It is 18 percent of GDP this year and will be 36 percent by 2013….This is a $20 to $30 trillion problem. You’re the last great hope for America’s healthcare system. We may not get another chance in the history of this country.’”
—Robert Pearl, executive director/CEO, The Permanente Medical Group, to participants in the 18th annual Wharton Health Care Business Conference.
“You look across the horizon, and there is the dragon that’s going to eat the federal budget.”
—James Greenwood, former Pennsylvania senator and president/CEO of Biotechnology Industry Organization, at the 18th annual Wharton Health Care Business Conference.
Source: “Wharton Health Care Business Conference emphasizes theme of change,” Daily Pennsylvanian, by Serena Zhou, February 20, 2012.
This article was originally published on Paul Bodine’s blog. Paul is a graduate admissions consultant with over 13 years of experience, having helped hundreds of applicants get into their dream business, law, medical, and graduate schools. He has also published several books on graduate admissions.