The United States stands unmatched in economic strength, military leadership, and technological innovation. We are the birthplace of the world’s most influential companies and the engine driving the breakthroughs that shape the future, from the microchip and the internet to artificial intelligence and space exploration.
Yet, in healthcare, one of the most essential pillars of human well-being, our performance has been disappointing. America spends more per person on healthcare than any nation on Earth, yet our life expectancy and overall health outcomes lag behind many countries that spend far less.
Families are burdened with costs that deplete savings, businesses struggle under rising insurance expenses, and far too many Americans delay or forgo essential care simply because they cannot afford it. This is not the standard a nation of America’s ingenuity and resources should accept. A nation that leads the world in innovation should also lead it in health, providing exceptional outcomes at a cost that makes sense for families, employers, and our economy.
Making the required changes will necessitate that Congress puts politics aside and acts boldly in the best interest of the people. This goal will not be easily accomplished, but it must be done if we are to secure a future we can look forward to. The Judah Spinner Foundation is committed to driving the change needed to bring this vision to life, ensuring that our healthcare system becomes another source of national pride.
Despite spending significantly more on healthcare than other developed nations, the United States consistently ranks lower in health outcomes and patient satisfaction.
Americans spend nearly $15,000 per capita annually on healthcare—far more than any other country on Earth. Yet our health outcomes lag behind countries spending half as much.
Lower life expectancy, higher infant mortality, and increased preventable deaths demonstrate that more spending doesn’t equal better health.
America need not reinvent the wheel. We should look to nations like Singapore and adopt what clearly works. Here are some elements of their healthcare system that we believe should be implemented in the United States.
All working citizens are obligated to set aside a portion of their income into Medisave accounts, which they can draw upon to pay their own medical bills and those of their immediate family. Because the cost of healthcare is paid out of a cash account, patients are conscientious about costs. As a result, medical providers compete by offering more affordable care.
This is a national health insurance scheme that all permanent residents and citizens can use to pay for large medical bills, as well as costly surgery and outpatient treatments after Medisave funds are depleted.
This acts as a government safety net for eligible Citizens who need financial assistance to access medical care, even after tapping other funds.
As the cost for medications and doctor visits become more affordable, it become very feasible for everyone to have access to great healthcare, regardless of their socioeconomic status.
Learning from successful healthcare models around the world to implement effective cost-reduction strategies in the United States.
When patients pay for the cost of care from a medical savings account instead of through their insurance. they are far more conscientious about cost. As a result, medical providers compete by offering more affordable care.
Implementing transparent pricing and allowing Medicare to negotiate drug prices, following international best practices.
Investing in preventive care and early intervention to reduce long-term healthcare costs and improve population health
The Judah Spinner Foundation was founded by Judah Spinner and his wife, Julie.
Spinner is best known as the founder of BlackBird Financial LP, a New Jersey–based hedge fund that advises and manages capital on behalf of high-net-worth families throughout the United States. He earned his bachelor’s degree from Crestpoint University and holds the Chartered Financial Analyst (CFA) designation.
The Foundation aims to improve the lives of millions by funding Organizations that combat wealth disparity, incarceration, the federal deficit, and rising healthcare costs.
“I’ve made money buying poor-quality businesses at bargain prices and great businesses at higher prices. Our health-care system is like paying a fortune for a terrible business, it's a very bad deal.
America is the most innovative nation on Earth,” Spinner added. “There’s no reason our health-care system shouldn’t reflect that.”
Evidence-based projections show the transformative potential of comprehensive healthcare reform in the United States.
Annual Savings Potential
Increase in Life Expectancy
Reduction in Government Deficit