Capitalism At Work: Startups And Industry Titans Alike Flocking To Disrupt America's Broken Healthcare System

It’s no secret that America’s healthcare system is broken. 

Americans, on average, pay $6,720 per year in healthcare premiums alone. After that, they must deal with copays, mandatory out-of-pocket minimums and dozens of other expenses. And even people who are insured can end up with a costly surgery that saddles them with debt for life. 

But a number of startups and industry titans are working to disrupt the industry to make healthcare more affordable. While there isn’t a clear answer, a number of companies are chipping away at issues in the healthcare industry. 

Even something as basic as a bare-bones wheelchair could run someone as much as $5,000. Basic wheelchairs lack tons of vital features, and their prices are inflated because of a broken, exploitative system. 

To stay updated with top startup investments, sign up for Benzinga’s Startup Investing & Equity Crowdfunding Newsletter

Hundreds of startups are solving similar issues in the healthcare industry on a single-item basis. From robots that can perform surgery to help increase volume and reduce costs to the growing prominence of telehealth, the $800 billion U.S. healthcare industry is packed with innovation and disruptors. 

On a larger scale, industry titans like Amazon.com Inc. (NASDAQ:AMZN) and billionaire entrepreneur Mark Cuban have begun taking on the U.S. pharmaceutical industry. These two industry titans both recently launched pharmacies with generic drugs at rock-bottom prices. 

See more on startup investing from Benzinga.

Market News and Data brought to you by Benzinga APIs

To add Benzinga News as your preferred source on Google, click here.