AI Will Revolutionize Healthcare. The Transformation Has Already Begun.

Digital technologies are redefining what is possible in healthcare and biology. Healthcare is perhaps the most important sector in the U.S. economy. It is the largest: close to $4 trillion per year is spent on healthcare in the United States. It employs more people than any other industry, accounting for 11% of all American jobs. Nearly one quarter of all U.S. government spending is on healthcare. At the same time, healthcare is the most broken sector in the U.S. economy. Healthcare costs have spiraled out of control in recent decades, from $355 per person in 1970 to $11,172 per person in 2018.